Review on Hydro Protocol by Fabrizio Zampieri
Hydro is a rivolutionary open source framework for building simple and…
Hydro is a rivolutionary open source framework for building simple and powerful Decentralized Exchanges. Hydro Protocol is a set of smart contracts used to build non-custodial ERC20 token exchanges. Hydro relayers facilitate peer to peer transactions and thus do not hold user assets. it is based on a fast and robust order matching algorithm. This architecture utilizes token allowance permissions to facilitate trades without losing custody of their digital assets.
It is important to know that Hydro Protocol has been audited by a leading third party smart contract security firm
Hydro Protocol (HOT) is an ERC-20 token based on the Ethereum blockchain. Hydro Protocol has a current supply of 1,56 billion HOT with 702 million HOT in circulation.
HOT is tradable on Huobi Global, Bancor Network, Ethfinex (also pair HOT/USD), DDEX and Bgogo exchanges.
Pros
- - Liquidity focused (liquidity is a strategic aspect to the success of decentralized exchanges). - Flexible fee structure (it collects fees as a percentage of the tokens being traded) - No third party fee tokens required. - Hydro supports discounts, asymetrical fee structures and maker rebates. - Realtime order creation and cancelation and true market orders.
Cons
- - Not yet mature project (there is still a lot of work to do). - Developer Toolkit still in Beta version.
