HYDRA Policy
(High Yield of DRAco)
HYDRA is refined using 20 DRACOs as the base material and is subject to a variable refining fee calculated through Metamorphic Staging, a complex algorithm designed to determine the change in fees required to refine HYDRA based on the number of cumulative refined HYDRA.
One of the required materials, Septaria, functions as a filtering mechanism by gradually increasing accessibility to players participating in actual gameplay in comparison to those who do not invest in character progression.
HYDRA is a key currency designed to be used in various DeFi services in the MIR4 ecosystem.
Inconvertibility Disclaimer of HYDRA
HYDRA CANNOT be converted back into DRACOs.
HYDRA Dynamics
- HYDRA Max Supply: 60,000,000 HYD
|
HYDRA Allocation |
|||
|
Division |
Supply |
Distribution |
Description |
|
Maximum Refinable Volume(Issued) |
50,000,000 |
83.33% |
Total number of HYD that can only be refined through the in-game Refinery using DRACO & Septaria. |
|
DeFi Participation Reward(Minted) |
10,000,000 |
16.67% |
Total reserve capacity assigned for minting of reward
HYD obtainable through DeFi programs participation. |
|
Total |
60,000,000 |
100% |
|
Platform Operation fee of 7% is apportioned to the minting of reward HYD and operation costs within the WEMIX Platform. This fee is applicable to the total initial supply of DeFi Program Participation Reward for a total of 700,000 HYD.
Metamorphic Staging (Logarithmic Refining Cost Formulation)
Metamorphic Staging is an indicator medium used to determine the change in the number of materials and fees required to refine HYDRA. Each time 100,000 HYDRA have been refined, the Metamorphic Stage will increase by 1 up to a maximum of 500. The variable cost of refining fee increase is calculated in units of DRACO, and the Metamorphic Stage will determine the increment of Metamorphic Septarium and the refining fee increase based on the cumulative refined HYDRA.
Metamorphic Staging is a complex system designed to provide earlier adopters with a cost-effective advantage in refining HYDRA, allowing them to accumulate HYDRA earlier and become major beneficiaries in the new DeFi era.
Metamorphic Staging will be updated each day at 00:00 UTC+8
Refining fee formula:
Number of DRACO required to refine HYDRA at Stage(n)
Metamorphic Septarium:
Number of Septaria required at Stage(n)
SPECTRUMS OF HYDRA
- Tied Coin - HYDRA:HYD(High Yield of DRACO) is a refined version of DRACO that can be produced by combining DRACOs and Septaria, which can be obtained from the Sanctuary of HYDRA in MIR4. There is an intricate relationship of value correspondence between DRACO and HYDRA where the value of one influences the value of the other.
- Synthetic Coin - HYDRA is designed as a refined utility coin that uses DRACO as its core material. HYDRA adopts the AFB(Away From Bots) policy by implementing the need for a secondary material obtained through the Conquest system in MIR4, known as Septaria. In doing so, we will be empowering players of MIR4 with more control over the in-game and DRACO’s economy.
- Diplomatic Coin - HYDRA is a coin representing MIR4 and will primarily be used for interaction with other games and coins(tokens) existing on the WEMIX platform. As the ecosystem on the WEMIX platform develops, HYDRA will play a critical role by interacting with future trade-mediums including Swaps, Exchanges, Bridges and more.
- Governance Token - As the ecosystem of MIR4 continues to evolve, it is expected that a Governance program centered on the economy of DRACO will be implemented. HYDRA will become a Governance token once the initiative has been launched.
- DeFi Token - HYDRA’s core value is directly associated with its usability in DeFi protocols including HSP and HSP101. HYDRA will also become the designated token for use in the upcoming AXD(Auction By DRACO).
- Tradable Coin - HYDRA is a tradable asset on the WEMIX DEX(Decentralized Exchange).