Staked $sHYDT

Type
Ticker

Staked Token

$sHYDT

$sHYDT is a staked token, corresponding to staked $HYDT. It can be earned using one of the below ways.

  1. Staking $HYDT tokens to mint equivalent $sHYDT tokens

  2. Rewards in the form of liquidity incentives for adding liquidity to HydroTrade

Revenue Share

$sHYDT holders are entitled to a portion of the earnings generated by the protocol. 70% of all the protocol earnings are directed to $sHYDT token holders and are distributed on a pro-rata basis. The actual distribution follows an epoch of 90 days which is the same as the vesting duration of $sHYDT tokens. Therefore, earnings are given out at the end of every 90-day epoch which is also when the $sHYDT allocation of a requested redemption fully vests.

Boosted Yields

$sHYDT holders automatically get a boost on the yield generated on their deposits in the form of $sHYDT tokens. Therefore, as a result of the boost, every depositor's $sHYDT balance increases automatically along with the yield generated from the invested vaults. The exact amount that can be boosted depends on what proportion of the value deposited in the liquidity is held as $sHYDT.

Governance

  • Voting Rights: $sHYDT holders can participate in the governance of the HydroTrade protocol.

  • Proposal Submission: Holders can also submit their own proposals for community voting, contributing to the protocol's future direction.

Fee Discounts

  • Reduced Trading Fees: Users who hold $sHYDT can benefit from lower trading fees on the HydroTrade platform. The discount rate can be tiered based on the amount of $sHYDT staked.

  • Other Fee Reductions: Discounts might also apply to withdrawal fees, transaction fees, and other service fees within the ecosystem.

Previous$HYDT

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