Hydro Protocol
Utilize Keplr and Leap wallets, ensuring the addition of the Injective testnet. For Keplr wallet, visit https://chains.keplr.app/, search for Injective (testnet), and add the chain.
Navigate to LSD, specify the quantity of testnet $INJ tokens you want to stake, and click "Stake & Mint." Follow the instructions on your Keplr wallet to mint hINJ at a 1:1 ratio of staked INJ. Repeat this process for both $INJ and $HDRO reward types.
After minting hINJ, go to Farm, input the amount of hINJ you wish to stake, agree to the Terms of Use, and click "Add Farm."
Visit Auto-Compound page, delegate your testnet $INJ to the Injective Validators, enter the desired delegation amount, and click "Stake."
Go to Pools and select the HYDRO/INJ pool, prioritizing this pool for liquidity pool interactions. Enter the amounts of $HDRO and testnet $INJ you wish to stake, and approve the transaction.
Head to Governance, stake your $HDRO to earn $xHDRO. Navigate to "Proposals" and cast your vote using $xHDRO.
Lastly, go to the Swap page and conduct a few token swaps.
Hydro Protocol Guide
What Is the Hydro Protocol?
Hydro Protocol operates as a platform within the Injective Network, specializing in staked assets and offering liquid staking derivatives (LSD) along with real yield aggregation. Key features of Hydro Protocol include:
Liquid Staking Derivatives (LSD): Users can deposit INJ tokens to receive hINJ tokens, usable across different DeFi protocols, allowing them to earn staking rewards.
hINJ token: A liquid staking token provided by Hydro Protocol, offering immediate staking benefits and liquidity for holders of INJ tokens.
Yield Farming: Users have the option to deposit hINJ tokens to maximize yields, with a boost program designed to reward farmers.
Auto-compounding: This feature automates the re-staking of INJ rewards for users, saving time and fees while optimizing staking yields.
HDRO token: The governance and utility token on Hydro Protocol with deflationary and value accrual mechanisms, benefiting HDRO holders and stakers.
Real Yield Aggregator: This feature consolidates real yields from diverse sources into an index, distributing them to users and creating new opportunities within LSDFi (Liquid Staking Derivatives Finance).
What About Airdrop?
Hydro Protocol has officially announced the launch of its mainnet and $HDRO token on January 31, 2024. Additionally, the platform has confirmed the initiation of three airdrops outlined as follows:
Testnet Airdrop: Eligibility is extended to those who participated in the testnet campaigns during Fall 2023. The airdrop allocation will be determined based on the participant's ranking on the leaderboard.
INJ Stakers Airdrop: Open to individuals with any amount of INJ staked on an active validator within the Injective Ecosystem. The snapshot for eligibility was taken on January 4, 2024, at 14:11:45 UTC. Airdrop distribution will be influenced by the duration and quantity of staking.
Early Access Farming Airdrop: Targeting users who stake their INJ with Hydro following its launch on January 31, 2024. This airdrop will span four weeks and incorporate a boost factor. The allocated amount in the airdrop will be contingent on the timing and quantity of staking.
How To Get Hydro Protocol Airdrop?
Phases 1 and 2 of the Hydro Protocol ($HDRO) token airdrop have concluded, leaving one final airdrop, touted as the most significant, with just four weeks remaining. Users are encouraged to take action promptly. It's essential to note that the Hydro Protocol team emphasizes $INJ staking as the top priority for the airdrop. Users are advised to concentrate on steps 3 and 4 outlined below. Here's the process for securing the 3rd and final Hydro Protocol ($HDRO) token airdrop.
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