Hydrex is a liquidity infrastructure and MetaDEX on Base that automates yield generation and revenue sharing through its token, HYDX. Similar to Aerodrome’s ve-model, Hydrex allows single-token staking and automatically compounds rewards into “Earning Power,” which earns continuous protocol revenue.
Objective
Deploy part of LP DAO’s REGEN emissions to create a revenue-generating position on Hydrex, expanding REGEN’s on-chain presence and liquidity footprint in the Base ecosystem.
Structure
Deposit $5,000 – $10,000 USD equivalent in REGEN from LP DAO holdings.
Enable single-sided staking.
Optionally contribute a REGEN bribe, which Hydrex will match 1:1 in HYDX, directing governance votes and emissions to the REGEN pool.
Rewards accrue as oHYDX, which under Anchor Club automation convert into Earning Power—a continuously compounding revenue-share position.
Earning Power is permanently locked; automation can be paused anytime for manual reward claims.
Governance: LP DAO and individual participants who lock HYDX gain voting power. These votes can be used weekly to direct emissions back to the REGEN pool, compounding returns and reinforcing the cycle.
Rationale
Converts idle REGEN emissions into an active yield-bearing treasury position.
Establishes REGEN on Base while waiting for ReFi DEX and Aerodrome whitelisting.
Tests Hydrex’s compounding and governance infrastructure for future regenerative-finance integrations.
Maintains principal fully in REGEN, limiting downside exposure.
After 30 days, report HYDX emissions earned, Earning Power growth, and vote weight impact.
Ask
Authorize allocation of up to $10,000 in REGEN from LP DAO emissions to seed the Hydrex pool and enable governance participation in subsequent emission votes.
Quick Hydrex update: because our liquidity on Base is still relatively low, Hydrex requires a $10k full-range LP in either ETH or USDC for REGEN to be listed. Once that full-range pool is live, we can optionally add a single-sided stake LP on top. I think the requirement is fair given their routing and risk model. Next step is confirming where the $10k comes from and in which base asset (ETH or USDC), then we can proceed.
Guda Sol cXc.world Map of Music onchain, [Nov 7, 2025 at 11:42:33 AM]:
This is a big red flag, a one sided asset pool has no backing, for it to work requires a tight control of supply.
Makes sense on a new chain, but misrepresenting the fees
A one sided asset has a price point that there’s NO fees below that. If you have a single-sided asset you need 0 token emissions for market stability in all conditions.
So long to start earning fees when price goes up, and the price ever goes below it stops earning fees
In a broader sense, single sided liquidity can be used for a project to capture value without providing it, not in all cases, but mechanically, if looking at it like spot, you’re placing sell orders between a range that also put buy orders for less when sold.
Please update your proposal with exact ranges of prices and a accurate representation of fees
I’m presenting this as an emissions + revenue-share pilot with withdrawable REGEN. The exact internal mechanics (ranges, IL, fee routing) are on Hydrex’s side. Please treat any ambiguity in my earlier wording as caveated by that.
We had a zoom meeting with the Hydrex team and this sounds really interesting to me.
To address Guda’s concern, this is not a one sided pool, the “one sided” position that someone would be adding would basically backstop and add to a two sided LP pool to create a particular ratio of REGEN and WETH or USDC, and the pool would periodically adjust to maintain that ratio.
The main point that Brandon is pointing out is not only could we be earning fees on these pools, but that we could be pointing veHYDX at the pools, generating rewards and the HYDX team is willing to match those rewards for some amount of time. Over time, the LP position gains more veHYDX and can point more rewards, and this creates a certain amount of that flywheel dynamic we have been talking about with aerodrome or regenerative.fi
I’m not ready to deploy any liquidity just yet as we are currently in a REGEN accumulation phase but will be wanting to deploy liquidity much more deeply before too long. Perhaps two or three weeks out?
Let’s go.
This all sounds great thanks @brawlaphant . I am game, lets go for it. Sounds like you guys already had a call with them too. I don’t think LP DAO is ready to go right now so two options, we can either wait for that or someone can provide some liquidity if we want to get going right away (I can if needed).
I think providing bribes right away makes a lot of sense. Taking a shot at participating early in a protocols success makes a lot of sense especially since regenerative.fi and aerodrome don’t seem to be working out.
Earning Power is effectively permanently locked HYDX in a Protocol Account: it can’t be redeemed back to liquid HYDX, but it earns ongoing protocol revenue and voting power forever.
Hydrex has three account types: Liquid Accounts (no lock, normal yield), Flex Accounts (2-year lock with a boost and early-exit penalty), and Protocol Accounts where converted HYDX becomes Earning Power, the permanent veHYDX-style governance and revenue-share weight.
The WETH/REGEN pool on Hydrex is now live and already showing strong early traction, with liquidity at ~$36.9k and APRs around 500%. Christian personally facilitated a direct token swap to secure an initial governance position so we can vote emissions toward the REGEN pool each epoch snapshot flip. This replaces the earlier idea of single-sided staking as the primary mechanism; Hydrex confirmed that the full-range LP is the foundation for listing, and that’s the pool the LPDAO will be incentivizing through bribes.
The community can now LP directly into the full-range WETH/REGEN pair and earn HYDX, whether they want to accumulate it, compound it, or liquidate it as they see fit. With the flywheel active, liquidity growing, and a governance foothold established, the REGEN pool is well positioned for ongoing support through Hydrex’s emissions and voting system. I’ll keep this thread updated as additional details come in from Hydrex and as the pool evolves.
cXc.world Map of Music onchain, [Nov 7, 2025 at 11:42:33 AM]: