oHYDX

Controlled Emissions, Flexible Entry.

What is oHYDX?

oHYDX is the rewards token earned through Hydrex participation. It is not liquid on its own but gives users two ways to convert it into value. This system ensures HYDX supply expands only when users take real action, protecting against inflation and short-term farming.

Uses of oHYDX

Redeem for Liquid HYDX Users can redeem oHYDX by supplying at least 0.01 USDC per token. The USDC is placed into the Strategic Protocol Reserve, which you can read more about here.

Convert to Permalocked HYDX Users can also burn oHYDX to create a permalocked veNFT. This requires no additional capital and gives access to protocol rewards and governance. It is ideal for users who want long-term exposure without needing liquidity.

Liquid Reserve

Every HYDX in circulation has a Strategic Protocol Reserve of at least 0.01 USDC. oHYDX creates a buffer between protocol emissions and market supply, giving users a choice and keeping the system healthy. Capital used for redemptions stays in protocol-controlled smart contracts, with a predefined set of tasks.

oHYDX rewards commitment, not extraction.