HydraSwap are proud to announce that the Beta version of HydraSwap has been released on Solana Devnet! Although this version is visually similar to the Alpha version, it introduces smart contracts and algorithm improvements which enables users to swap, farm and enjoy better profit sharing from lending.
Enhanced Swap function
With ther Alpha version, users can intuitively experience the Swap function as their bankend aggregates the depth of other liquidity pools within the Solana ecosystem. As a key improvement of the Beta version, the inventory behind Swap is HydraSwap’s own liquidity pool. This allows users to add their assets to HydraSwap’s own liquidity pool through the “add liquidity” on the web interface, and generate yield from their investment.
New Farming function
It is noticeable that the Solana ecosystem does not have a wide range of farming pools. Users do not have enough choices when they are looking for ways to gain stable asset appreciation. Hydra Farming is designed to address this gap.
Hydra Farming enables multiple mining modes, aiming to create maximum flexibility for our users:
1. Single currency pledge — single currency return
2. Single currency pledge — multi-currency return
3. Multi-currency pledge — single currency return
4. Multi-currency pledge — multi-currency return
5. LP token pledge — single currency return
6. LP token pledge — multi-currency return
Access to the Beta and Testing
The Beta can be access here: https://beta.hydraswap.io/
A full guide for testing can be accessed here: https://hydraswap.gitbook.io/hydra-beta-testing-guide/preparation
As this version is on Solana Devnet, in order to test, you’ll need to switch your wallet to Devnet and get SOL Devnet Faucets via airdrop. All the steps are detailed in the testing guide.
On Beta version, only a few tokens are available for testing. Apart from SOL these is HYSD and USDD.
is it possible for testers to airdrop? Enhanced Swap function
With ther Alpha version, users can intuitively experience the Swap function as their bankend aggregates the depth of other liquidity pools within the Solana ecosystem. As a key improvement of the Beta version, the inventory behind Swap is HydraSwap’s own liquidity pool. This allows users to add their assets to HydraSwap’s own liquidity pool through the “add liquidity” on the web interface, and generate yield from their investment.
New Farming function
It is noticeable that the Solana ecosystem does not have a wide range of farming pools. Users do not have enough choices when they are looking for ways to gain stable asset appreciation. Hydra Farming is designed to address this gap.
Hydra Farming enables multiple mining modes, aiming to create maximum flexibility for our users:
1. Single currency pledge — single currency return
2. Single currency pledge — multi-currency return
3. Multi-currency pledge — single currency return
4. Multi-currency pledge — multi-currency return
5. LP token pledge — single currency return
6. LP token pledge — multi-currency return
Access to the Beta and Testing
The Beta can be access here: https://beta.hydraswap.io/
A full guide for testing can be accessed here: https://hydraswap.gitbook.io/hydra-beta-testing-guide/preparation
As this version is on Solana Devnet, in order to test, you’ll need to switch your wallet to Devnet and get SOL Devnet Faucets via airdrop. All the steps are detailed in the testing guide.
On Beta version, only a few tokens are available for testing. Apart from SOL these is HYSD and USDD.