Hydro

We're resetting Informal to focus on the highest impact opportunities in front of us. Today we’re announcing the new @informalinc, a more focused and refined Informal, with two big bets, one in software, one in money. We started Informal with a simple mission: to foster trust in software and money. We pursued that mission through a variety of means: research, engineering, audits, staking, cross-chain relaying, and various incubated projects. Our technology helped move ecosystems forward. But through all that we lost focus, spread ourselves too thin. While we felt everything we did was valuable, it was too much. So we have decided to simplify. Our two big bets aren’t new. In fact we’ve been betting on them for years already. It’s just that now they are our exclusive focus. The first is @quint_lang, a big bet on transforming how we approach and trust software. AI has already dramatically reshaped the cost of producing code, but now the problem becomes validating it. How do we know the code is correct? How do we express ourselves and our intent in a way that can be reliably iterated on with machines and can produce correct outcomes? How do we reason about and test our systems in this new AI-based world? Quint is our answer. A way to formally specify systems so humans and machines can reason about them together. It’s not about replacing developers, it’s about making intent explicit. Today we’re announcing the launch of Quint as its own company, with @bugarela as CEO, and an incredible team from Informal joining her. Follow her! And learn more about the team and what they're working on: x.com/bugarela/statu… The second is @cyclesmoney, a big bet on transforming how we approach and trust money. We’ve been pioneers in the cryptocurrency space for a decade, but something is still missing in how we think about money. Everyone is so focused on moving assets faster and faster that they miss the underlying reason we need to move those assets in the first place - the debts we have with each other. Cycles is built on the insight that we need to start from the debts. That the debts form a network, and liquidity is hidden in the structure of the network. That the debts can be *cleared*, with less money than you think. That clearing is the most powerful financial capability in the world and it’s available exclusively to the largest financial institutions, or to small groups of friends splitting expenses. Cycles brings that power to everyone else, to do more with less, to save liquidity, to access new avenues for growth. To trust in the graph. Cycles changes the perspective from a bilateral, transactional view to a multilateral, network view. The world is not a multi-asset spot market, it’s a network of balance sheets. Respect the Graph. Our goal with Cycles is to clear the most debt, for the most people, with the least amount of money. We’re starting with large crypto trading firms settling T+1 that want to save liquidity, and with small crypto-businesses that want privacy for their payments. If you want private payments with great UX and yield (thank you @hydromarkets!), follow @cyclesmoney and msg us or join our TG to try the beta t.me/cycles_communi… With this refocus on Quint and Cycles, we’re winding down other parts of the business that don’t align. That means services we’re proud of and people we deeply respect, and have worked passionately with for years. Saying goodbye to people is always difficult, and we’re so grateful for everything they’ve done for Informal over the years. We’ve had the privilege of working with such incredible talent, and we’re sad to see them go. We wish them nothing but the best in future endeavours. Through all of this, I’m beyond grateful for my two partners and co-founders at @informalinc, @ArianneFlemming and @zarinjo. We’re ready to take on this next chapter together with renewed focus. They are rock-stars. They have made it possible for us to get here, to make Quint and Cycles happen, and to grow them into generational bets. While they will primarily focus on Quint for now, they continue to support me on Cycles. For @informalinc, we're incredibly excited to be able to focus on the highest impact outcomes we think we can tackle. And we’re bringing on new partners and investors that believe in what we’re doing. As for me, I’m all in on @cyclesmoney with our amazing team because I believe in the power of clearing and I want to make it accessible to all. The crypto revolution is far from over. I spent 10 years transforming how the world thinks about blockchains. And I’ll spend the next 10 years doing the same for clearing. Back to startup mode ✌️

WAVS components now support raw sockets and tls, which means services can communicate with systems like IPFS, email, and other low level protocols directly this makes workflows like our partnership with @hydromarkets possible, where a simple offchain action like email can trigger onchain execution flow

We're locked in for (at least) the next 10 years. If you'd like to get in at stage 0 and try out our private business beta (invoicing, private payments, yield), just DM-us on X now

We’ve started the @cyclesmoney private beta for businesses. As far as I can tell, we’ll be the first team to bring small businesses access to features like invoicing with private payments & yield and I’m very proud of that. DM me if you’d like to be part of history!

See the full bid details and vote here: hydro.markets/v2/bids/atom/1… You can also join our Telegram channel to get notified about future bids: t.me/hydro_community

The @stride_zone team is placing their usual bid for liquidity for the stATOM/ATOM pool on @osmosis If you have ATOM locked into Hydro, you can vote for this bid and earn STRD rewards

You can review the full bid details and vote here: hydro.markets/v2/bids/atom/1… Also be sure to join Hydro’s Telegram channel to keep up with all new bids: t.me/hydro_community

The @oroswap team is back for round 17, bidding for liquidity on @ZIGChain! They’d like to deploy ATOM to the stATOM/ATOM pool on the OroSwap DEX. If you have ATOM locked into Hydro, you can vote to support this and earn USDC rewards.

See the full bid details and vote here: hydro.markets/v2/bids/atom/1… You can also join our Telegram channel to get notified about future bids: t.me/hydro_community

Hydro just received a bid to deploy liquidity to @HelixMarkets on @injective 🌊 Submitted by @stride_zone, the bid provides liquidity to @neptune_finance to enable stATOM as a collateral asset on their lending market.

We’re about to start our Cycles Pay private beta for businesses. We’ve built it for freelancers, startups & SMEs. In addition to the features available to users (payments, yield etc.), the business section adds a set of business features (invoicing, bills, treasury management). And of course, everything is private. Businesses will be the primary beneficiary of Cycle’s greatest value proposition, clearing. Clearing will allow payments to net out between participants. Instead of every transaction being settled individually, obligations are compressed into fewer flows, which will itself unlock a much bigger set of features (credit, trading, etc.) as the network grows.

The Cycles private beta was in full swing this week. We’ve received a lot of helpful feedback from the Cycles Pay private beta testers. We’re now sending out one last round of beta invites. If you’d like to participate, you can join the Cycles community Telegram group and ask us for an invitation.

As always, you can keep up with Hydro bid announcements by joining our Telegram community: t.me/hydro_community

Hydro round 16 is now complete 🌊 Liquidity is now being deployed, voting rewards are available to claim, and round 17 is open for bids.

We’ve started the Cycles Pay private beta 😎 Here’s a sneak peak at the interface for the mobile app.

Gotta love a good lst arb. I covered why there might be some juicy Drop arbs incoming in my stream today.

From a partnership to new DeFi feature, the DeFi yield ecosystem is overflowing with opportunities 𝘎𝘳𝘦𝘢𝘵 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴, 𝘥𝘰𝘶𝘣𝘭𝘦-𝘥𝘪𝘨𝘪𝘵 𝘈𝘗𝘠𝘴, 𝘢𝘯𝘥 𝘧𝘳𝘦𝘴𝘩 𝘷𝘢𝘶𝘭𝘵𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘚𝘶𝘪, 𝘈𝘳𝘣𝘪𝘵𝘳𝘶𝘮, 𝘢𝘯𝘥 𝘗𝘰𝘭𝘺𝘨𝘰𝘯. Lets have a look 🧵👇 ------------------------------ ➢ @Mantle_Official and @aave lending and borrowing market has surpassed $1 billion in total market size just 19 days after launch, while Mantle’s broader DeFi TVL has climbed to an all-time high of $755M+, representing 66% growth in seven days. ➢ @safe has integrated a Morpho vault to enable yield generation using EURCV stablecoin. Users can access euro-denominated yield directly through their self-custody Safe wallets. ➢ @Cardano has launched USDCx, a USDC-backed stablecoin infrastructure developed in collaboration with @circle. This marks a notable expansion of dollar-denominated liquidity on the network, even as broader on-chain activity remains subdued. 𝐘𝐢𝐞𝐥𝐝 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐏𝐨𝐨𝐥𝐬 ➢ Yieldseeker USDC DApp: @yieldseekerxyz Chain: – APR/APY: 16.08% (current) Pool/Vault type: Lending / Campaign TVL: $1.12M ➢ USDC-NTRN DApp: @astroport_fi Chain: Neutron APR/APY: 30.49% (current) Pool/Vault type: DEX TVL: $264,015 ➢ stFdxLP DApp: @Flexperpetuals Chain: Base APR/APY: 32.03% (current) Pool/Vault type: Derivatives TVL: $264,187 ➢ NOVA-SUPER DApp: @SupernovaDEX Chain: Ethereum APR/APY: 89.60% (current) Pool/Vault type: DEX TVL: $252,709 ➢ USDC – Permapod DApp: @PermaPod_xyz Chain: ZIGChain APR/APY: 24.26% (current) Pool/Vault type: Lending TVL: $278,103 ➢ USDC.E–WETH.E DApp: @meridian_money Chain: Move APR/APY: 20.53% (current) Pool/Vault type: DEX TVL: $305,449 ➢ WHYPE-UBTC (0.3%) DApp: @HyperSwapX Chain: Hyperliquid L1 APR/APY: 108.05% (current) Pool/Vault type: DEX TVL: $358,611 ➢ JUP–JITOSOL DApp: @kamino Chain: Solana APR/APY: 20.72% (current) Pool/Vault type: Liquidity Manager TVL: $339,409 ➢ STICNT DApp: @glifio Chain: Base APR/APY: 85.31% (current) Pool/Vault type: Liquid Staking TVL: $755,468 ➢ ATOM DApp: @hydromarkets Chain: Neutron APR/APY: 36.57% (current) Pool/Vault type: Yield TVL: $851,307 ➢ USDH–WHYPE (0.3%) DApp: @prjx_hl Chain: Hyperliquid L1 APR/APY: 101.04% (current) Pool/Vault type: DEX TVL: $2.17M Which did i miss? Lemme know in the comments 👇

The Inflow vaults are now open to the public. If you’d like to put your ATOM to work, you can deposit here hydro.markets/inflow/vaults/… And if you have any questions or feedback, you can use our Telegram group t.me/hydro_community

Hydro’s Inflow ATOM vault has been executing some very profitable LST redemption arbitrage recently. Just yesterday, an arbitrage trade from ATOM to stATOM got us ~50% APY. The operation involved 10 steps across multiple chains, with 9 executed automatically by Hydro’s vault infrastructure, and only requiring a single committee signature to approve the redemption.

This week, Hydro received its 100th bid. We averaged 8-12 bids per month for the first half of the year, and peaked at 13 in July, with the average extra APR earned by ATOM holders voting on Hydro being around 18.44% (in addition to the ATOM staking rewards, so over 30% APR in total). The cancellation of the Cosmos EVM stopped a lot of momentum and many of the teams that had intended to launch new projects there were forced to change their plans, leaving the ecosystem or putting their existing protocols into “maintenance mode”. As a result, the last couple of quarters have seen significantly less protocols placing bids for ATOM, and less rewards have been available for ATOM holders to earn through our auction system. But we haven’t stopped building and we’re still very optimistic for the future. Inflow is now enabling anyone to deposit capital to earn automated and optimized yield. Not only can we offer this directly to users, but we’ve started integrating it into other applications. We’re finishing up the integration with @cyclesmoney right now and preparing to do it for two other apps. In parallel, Cosmos Labs is working to bring institutions into the Cosmos ecosystem, which will likely result in new DeFi protocols launching, and new demand for ATOM. CosmWasm has been made available on the Hub, which opens up the possibility for new protocols to launch there, including Hydro itself. Exciting times!