In a decentralized world, liquidity is a very important concept common to the crypto industry. Today, the term “decentralization” is no longer something new. The decentralized era is rapidly approaching, and the value of blockchain has been widely acknowledged as it plays an important role in the new era of liquidity mining.

Liquidity is the core factor that affects the performance of digital currencies in the cryptocurrency market. Strong liquidity can bring forth multiple benefits. Compared to other currencies, Bitcoin, Ethereum and other renowned cryptocurrencies have high liquidity due to their huge trading volume and worldwide recognition. Fortunately for other digital currency projects, there are multiple innovative methods that can help raise the liquidity in decentralized exchanges.   

HyperDAO’s decentralized platform has created a unique and high-valued DeFi mining model to obtain higher rewards for users and provide better liquidity for their liquidity mining pools. Meanwhile, the HDAO token will act as the incentive mechanism of the HyperDAO protocol. In the beginning stage of the new liquidity mining model, 60% of the HDAO token will be used for liquidity mining, allowing users to provide liquidity for HDAO/USDT or HDAO/ETH trading pairs to obtain yield rewards.

When the HDAO ecosystem has matured, HDAO plans to release more liquidity mining pools. In order to promote the development of the HDAO platform, users are able to invite other users to join and improve liquidity to enjoy commission rebates. Furthermore, by inviting users to join, users are also able to obtain 10% of the invited user’s liquidity mining reward. 

Apart from mining, users are also able to participate in staking on the HyperDAO protocol through the smart contracts deployed on the Polygon chain. No minimum amount is required for staking, and users are free to decide on how much they would like to stake. Users who have chosen to stake on the HyperDAO platform will obtain 18% annual interest of the value of tokens pledged. This is a very stable way to make profits, compared to the regular interest rate of traditional banks or the volatility of the crypto market. In HyperDAO, users who are staking their tokens do not need to maintain a validator node, nor do they need to spend time and cost to maintain the system.

The HyperDAO team will work towards creating a reliable platform to provide users with an open, fair and interconnected DeFi ecosystem, allowing every user to earn steady profits. HyperDAO also wishes to contribute to the implementation and the continued popularity of blockchain technology. HDAO’s value will not be limited to just mining and staking, but can also be utilized in more application scenarios. With the project’s goal to reach the pinnacle of the global DeFi industry, HyperDAO will continuously improve on its operating model and ecosystem functionalities to provide users with holistic services to meet their every need.