logo
HydraDX Opens An HRMP Channel With Subsocial, SUB Transfers In 2 Weeks!

HydraDX Opens An HRMP Channel With Subsocial, SUB Transfers In 2 Weeks!

TL;DR: SUB tokens will become transferable at 1PM UTC on Wednesday, November 29th. Tokens will be able to be transferred between Subsocial and HydraDX onSub.ID or via Hydra’s cross-chain page.

A HRMP channel between Subsocial and HydraDX has been successfully opened, allowing tokens to be transferred between the two Polkadot parachains!

Transfers will be enabled for SUB tokens at 1PM UTC on Wednesday, November 29th. With Sub.ID, users will be able to transfer tokens between accounts on Subsocial, and between Subsocial and HydraDX. Tokens can also be transferred via HydraDX’s cross-chain page. The various ecosystem wallets such as Talisman, SubWallet, and Nova Wallet will be adding in-wallet transfer support as well, though there may be a slight delay. The transfer UI will be available on Sub.ID as soon as transfers are enabled.

Staking

Transfers have not been immediately enabled in order to ensure that there is enough time to unstake (for anyone that wants to) before transfers are enabled. For those wishing to unstake, please remember it will take 7 days, and you will not earn any staking rewards during this time. Staking and unstaking can be done from the Creator Staking dashboard.

About HydraDX

HydraDX is a next-gen DeFi protocol which is designed to bring an ocean of liquidity to Polkadot. Their tool for the job is the HydraDX Omnipool — an innovative Automated Market Maker (AMM) which unlocks unparalleled efficiencies by combining all assets in a single trading pool. Besides more efficient trading, the Omnipool design enables single-sided LPing. Visit the HydraDX website to find out more.

February 2024 In Review

Yung Beef 4.2

A Unified Forum & Governance Portal

A Unified Forum & Governance Portal

There is currently a disconnect between where a large amount of the discussion around Polkadot’s direction takes place, and where we actually decide P

Yung Beef 4.2

The New Hot Posts Tab Is Heating Things Up!

The New Hot Posts Tab Is Heating Things Up!

While PolkaVerse’s Featured Posts tab is great for manually highlighting verified creators and high quality content, it is not scalable. Already we ar

Yung Beef 4.2

Initiating A Flywheel Of Network Effects With Reward Splitting

Initiating A Flywheel Of Network Effects With Reward Splitting

Social networks thrive on network effects, driven by users engaging with each other in the form of likes, comments, shares, group publications, and mo

Yung Beef 4.2