Hi, I'm Jared, co-founder of Hydrex, a frictionless liquidity hub built on Base for Base. Hydrax's thesis is simple. BAS is going to grow 100x in the coming years. But the current liquidity infrastructure isn't set up to accommodate the custom needs that will arise from this immense growth. Current metadexes have seen incredible success on base, but only serve a narrow use case for sourcing liquidity, which is two tokens paired within that Dex's specific LP.
And as we all know, there are many other types of liquidity that exist on base. There are thousands of protocols from lending markets to perexes, creator coins, custom hooks, and many more that are going to go underserved in this growing market. Hydrax is designed to fix this with our omni liquidity solution. We've taken the proven B33 flywheel that has sourced billions in base liquidity and generalize it to be composable with any token, protocol, or project that offers a yield on base. We've also streamlined and simplified the user experience, building from the ground up utilizing base tooling such as sub accounts, flash blocks, and batch transactions to allow any user to access the Hydrax flywheel regardless of their DeFi knowledge.
Our protocol gives 100% of revenue generated directly to users. And we want this to be as accessible as possible. 8 weeks in, Hydrax mainly looks like a metadex. We've crossed 300 million in volume, sourced 18 million in liquidity between our own LPs and UNIV4 LPS, and generated 2 million in revenue. But we're starting to realize our omni liquidity vision.
Our first non-dex integration was with Morpho. We were able to achieve millions in supply side liquidity depth in just a few hours. And we plan to add many more longtail assets and protocols such as Zora creator coins, perexes, and more. We believe Bass is growing to bring the world's liquidity onchain and we envision Hydrax playing a key role in making that accessible to everyone.
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