DeFi Summer is hitting @Polkadot and @hydration_net is leading it. Hydration combines swaps (286 tradeable assets), lending, a decentralized stablecoin & more under the roof of one scalable, Polkadot-based appchain, and has surpassed $291M in TVL, driven by: - >$133m in supply assets on its lending market - >$87M assets deposited in Stablepool deposits - >$66M deposited in Omnipool - >$30M in protocol treasury - >$20M in staked assets Activity metrics are also improving with: - $344M in trading volume in past 30d - $182M in cross-chain volume in past 30d - Almost $10M in volume in the past 24h - >$37M in outstanding loans - >42k active accounts Some interesting features of Hydration's DeFi hub are: - Pay gas in any supported asset - Multi-million DOT liquidity incentives live - Simple UX that allows for simple trade splitting - Automation features for trading - Allows for single-sided LPing - Built-in OTC desk: place order & let others fill - Supports LBPs for token launches - GIGADOT and GIGAETH for yield maximization - HOLLAR: over-collateralized stablecoin (coming soon) - Protocol owned liquidity (treasury) - In-app cross-chain functionality - Onchain governance mechanism - +++ Highly recommended to check out if you're looking to get into Polkadot. Plays a very crucial role as the central liquidity hub in this multi-chain ecosystem.