Tokens
Within the Hydrex ecosystem, every token is derived from HYDX, aimed at promoting sustainability. Each token is designed for distinct roles, crucial to reinforcing the framework's sustainability of the protocol.
$HYDX: This is the primary ERC-20 utility token of Hydrex, foundational to the platform. It supports liquidity and improves trading conditions. Holding HYDX can be converted into veHYDX, offering further participation and influence in Hydrex.
$veHYDX: Obtained by locking HYDX, this ERC721 (NFT) governance token enhances your voting power the longer it is locked. Holders can earn from weekly distributions, which include trading fees and other incentives.
$oHYDX: An emissions token that offers strategic benefits, such as redeeming HYDX at a discount or converting to veHYDX on a 1:1 basis. It aims to address token devaluation and align stakeholder incentives.
$bveHYDX: A non-liquid token rewarding active voters in the ecosystem, redeemable for veHYDX at a full discount, encouraging participation in governance.
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