# What is HYDRA? Welcome to Hydra. Hydra.win is a collaboration project between Jake Sharpe, the founder of TitanX ([Titanx.win](https://app.titanx.win)) and Erik, the founder of DragonX ([DragonX.win](https://dragonx.win/)). The goal of the Hydra project is to take what Jake has learned building TitanX, and Hyper, two decentralized mining protocols, improve upon these designs and utilize the unique token economics of the DragonX project for the benefit of the TitanX ecosystem. Hydra's design is improved over its predecessors in the following ways: **Hydra's LP is paired with DragonX:** Hydra borrows the price appreciation of DragonX because the tokens are bonded together. DragonX is a deflationary token with programmatic buy and burn, tokens that are paired with it historically have done very well. **Hydra mining uses TitanX:** Unlike Hyper and TitanX, which require ETH to start miners, Hydra uses TitanX. Because there is so much TitanX in circulation, users can participate without selling TitanX down to Ethereum. This will enhance participation. **Hydra uses the DragonX vault:** Possibly the most distinct and important element to Hydra is its mechanism for burning TitanX. Rather than using a standard burn by sending tokens to the dead address, Hydra sends its burned TitanX to the DragonX vault, increasing the DragonX share of the TitanX Ethereum payouts. **Hydra burns DragonX directly:** The Hydra protocol sets aside a percentage of the TitanX used to start miners to burn DragonX off the market. This reduced the supply of DragonX forever it also makes the DragonX based buy and burn more effective. **Hydra favors short compounding cycles:** Unlike Hyper and TitanX which gave bonuses to early adopters, Hydra favors users that compound their proceeds over time. Hydra leaves more for new entrants and boosts miner profitability over the long term. # HYDRA Mining In Hydra, you create your own coins with your own private keys through your own effort via virtually mining it into existence. Hydra is built with self-custody, censorship resistance & pure DeFi DNA at its core. We believe in humans' freedom to transact and do with their finances what they want. When you go to the Mine page, you can specify the # of days you want to mine for & the # of power you want your miner to have. The number of days you pick (from 1 day up to 88 days) & power you choose, determine the amount of Hydra you get at the end of your miner. **The mining formula looks like this:** ``` (numOfDays * (currentHydraMinable * (miningPower / 10000))) = hydraEndOfMiner ``` *where:* * numOfDays = number of days chosen when starting mine (1 day up to 88 days max) * currentHydraMinable = the amount of hydra per day you can get, this goes down every day * mining Power = the power you specified during your miner creation **The mining cost formula looks like this:** ``` (currentMinerCost * miningPower) ``` *where:* * currentMinerCost = the cost per 10000 power (max power) miner * miningPower = the power you specified during your miner creation **Miners can be created in 2 ways (all do the same thing, just differently & easier for the user)** * **Single Miners** * This will create a normal single miner. * **Mining Ladder** * This will create a mining ladder for you using the contract's single miner function at the interval rate you specified and at the power you specify. More details on the Virtual Mining page. #### Mining Power Explained Mining power determines how much HYDRA you get per day in your miner + also determines how much TITANX your miner costs. ``` currentHydraMinable * miningPower ``` if you have 10000 mining power, you get the 10x the currentHydraMinable per day. If you have 1 mining power on your miner, you get 1% of the full currentHydraMinable per day. *10000 power is referred to as a "max" miner.* *All of these are cleanly displayed on the* [*app.hydra.win dApp*](https://app.hydra.win)*, you don't need to do these calculations yourself.* Mining power also determines how much your miner costs in TITANX as referenced above ``` (currentMinerCost * miningPower) ``` So if you have 1 miner power, it's 1% of the miner cost. Note - the eventual "Cost per HYDRA token" you get at the end of your miner moves linearly, meaning that a 10000 power miner and a 1 power miner have the exact same cost per HYDRA, the 1 miner just gets a lot less HYDRA at the end of the miner, but the cost decrease is the same - so if possible, just do a max miner, it's easier to manage & saves gas — there's no benefit to doing smaller power miners at all unless you don't have enough TITANX for a max one or multiple max ones or have some TITANX change you want to put to work. #### Penalties At whatever end date you specified when creating your miners, you can claim. After that day, you have a 7-day grace period in which you can claim your miners and not receive any penalties. After that 7-day grace period, you enter penalty zone, which looks like this: if 1 day late \~> lose 1% of your claimable HYDRA\ if 2 days late \~> lose 3%\ if 3 days late \~> lose 8%\ if 4 days late \~> lose 17%\ if 5 days late \~> lose 35%\ if 6 days late \~> lose 72%\ if 7 days late \~> lose 99% #### Limits Due to blockchain data reading limits, each wallet can have at maximum 1000 miners. If you want to create more miners, you can do so on a second or third wallet. Also a good reason to do max miners if possible, easier to manage & keep track of + saves gas. No extra benefit in doing small ones unless needed. # HYDRA TitanX Distribution This page only talks about the TitanX that people use to create Hydra miners and what the Hydra protocol does with it. To mine Hydra, people use TITANX + time.\ the TITANX runs through smart contracts as shown below.\ All used to strengthen the TitanX ecosystem: \ \ **Step 1 - TitanX Distribution**\ \ 20% of the TITANX gets sent directly to the DRAGONX Vault\ 80% of the TITANX buys DRAGONX via the TITANX/DRAGONX LP on Uniswap v3 **Step 2 - from the DRAGONX bought off of market:** 20% of the DRAGONX bought gets burned forever\ the remaining 80% of the DRAGONX bought gets used to buy & burn HYDRA via DRAGONX/HYDRA LP on Uniswap V3\ 100% of the HYDRA bought with DRAGONX is burned. This creates a deflation effect on both TITANX (20% gets staked & re-staked forever in the DragonX Vault) and DRAGONX (burning 20% of DRAGONX bought off of market). # HYDRA Daily Update **For every new day that ticks over in the contract, these variables get updated:** * **Hydra Mineable per Day of Mining goes down -0.028% every day** based on day before * TITANX Amount required per miner power does not change as TITANX itself is a highly volatile. # HYDRA Vortex **10% of all TITANX used to start HYDRA miners** also gets stored inside of **"The Vortex"** **18% of all the DRAGONX bought with TITANX** via TITANX/DRAGONX pool gets stored inside of **"The Vortex"** The **DRAGONX** in the Vortex (100% used to buy & burn HYDRA via DRAGONX/HYDRA) gets released every 98 days. The **TITANX** in the Vortex (100% used to buy DRAGONX via TITANX/DRAGONX & then buy and burn Hydra with the DRAGONX it just bought) # Liquidity Pool The Uniswap v3 liquidity pool that is owned by & locked in the buy and burn smart contract is: **DRAGONX/HYDRA** **The collected fees on this LP is coded to be used like this:** **The DRAGONX** it earns from LP fees get put into the HYDRA Buy & Burn (buys HYDRA and burns it). **The HYDRA** it earns from LP fees get burned. *The "collectFees()" function is a decentralised LP fee collect function that can be called by the public on the HYDRA Buy & Burn smart contract.* # Proof of Burn 2.0 ### Project Burning Projects built on top of HYDRA can earn a % of all the HYDRA their protocols burn. This incentivizes builders to build and improve the ecosystem. Protocols can decide what % of HYDRA their protocols get as rewards, up to 8%, or they can do a combination of % reward & % given back to the users. Example: they could set 3% dev reward fee + 5% HYDRA rebate to the user. This would reward them with 3% of all HYDRA burned by their protocol & give 5% of the burned HYDRA back to the user, this 5% would have otherwise been burned, rewarding both the user & the protocol. We believe in capitalism & meritocracy. When builders add millions of dollars of value to the ecosystem and dedicate time & resources towards furthering the mission, they deserve to get paid handsomely. ### Cashback % Project developers can set a "rebate" or "cashback" % (same thing) where they give a % of the HYDRA burned back to the user, up to 8%. ### Builder Reward % Projects developers need to get rewarded for their time & effort invested in the community. Therefore, they can set a builder reward %, up to 8%, of all the HYDRA burned for their protocols.\ Builders should be & will be rewarded for their work. This is part of the core values of HYDRA. This applies to burning liquid HYDRA, not miners. # Early Claim Miners In HYDRA, you have the ability to "**Early End/Early Claim**" a miner before maturity, here's the rundown: You can end a miner as soon as a **minimum of 3 days have passed since miner was started.** To end a miner before full maturity: * you have to pay an "early end cost" in TITANX (50% of initial TITANX start cost) * you incur a penalty based on % matured the minimum penalty is 50% of the HYDRA in the miner, even if miner is at 90% maturity, a 50% penalty will always happen, these calculations all get transparently displayed on the UI on app.hydra.win before early ending so you can make an informed decision, you will see the button next to your miner(s) that will show the calculation. The % HYDRA penalty on early claims **gets 100% burned.** **The TITANX penalty cost (50% of initial starting cost) gets distributed the same way the TITANX gets distributed when someone starts a miner on HYDRA.** ***This is an advanced feature, there are times when this makes a lot of sense to use & times where it doesn't, please be responsible and look at all the data available to you before proceeding to decide whether or not it's a good choice at that specific point in time.*** # No Staking Staking pits stakers against liquid holders and defers sell pressure for later when the price is higher. \ An immediate value transfer to the liquidity pool is a more effective design. # Audits & Contracts The HYDRA code is verified & publicly readable on Etherscan but the code is not open-source, it is not allowed to be copied & not allowed to be distributed, this includes for personal and/or commercial use. The code is "all right reserved" and is under exclusive copyright of the author. Copying, distributing, or modifying the code includes being at risk of take-downs, shake-downs, or litigation. **Here are the contract addresses for both contracts:** **HYDRA Token:** \ **0xCC7ed2ab6c3396DdBc4316D2d7C1b59ff9d2091F**\ [**https://etherscan.io/address/0xCC7ed2ab6c3396DdBc4316D2d7C1b59ff9d2091F**](https://etherscan.io/address/0xCC7ed2ab6c3396DdBc4316D2d7C1b59ff9d2091F) **HYDRA Buy & Burn:** \ **0xfEF10De0823F58DF4f5F24856aB4274EdeDa6A5c**\ [**https://etherscan.io/address/0xfEF10De0823F58DF4f5F24856aB4274EdeDa6A5c**](https://etherscan.io/address/0xfEF10De0823F58DF4f5F24856aB4274EdeDa6A5c) **Audits:** to be added # Disclaimer & Privacy Policy You must have no expectation of profit from the work of others. There is no common enterprise, there shall be no expectation of efforts of a promoter or third party. Users generate their own keys, no one else has keys to give them. 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Blockchain software is harder. Everything could go terribly wrong, and you would be out of luck. We're lucky any of this stuff works at all. A common mistake users make is to send their cryptocurrency directly to a contract address on Ethereum or similar smart contract enabled blockchain. Anything you send, you lose, and will not get back. This nearly always results in the total loss of their funds. The moral of the story here is, on the blockchain, it's very easy to make mistakes, you must be very careful.