Hydrex Launches DUNA-Governed Protocol with 100% Revenue Share on Base

Hydrex Spearheads U.S. DeFi Innovation on Coinbase's Blockchain with Decentralized Incentive Fund

NASHVILLE, Tenn., Sept. 18, 2025 /PRNewswire/ -- Hydrex, a decentralized exchange (DEX) & permissionless liquidity infrastructure, has officially launched on Coinbase's blockchain, Base. Operating as a bootstrapped DUNA (Decentralized Unincorporated Nonprofit Association), Hydrex establishes itself as a US-centric entity and public good for the Base ecosystem. Its mission: to accelerate crypto adoption by making liquidity more accessible & understandable for both protocols and end consumers.

Hydrex as a Public Good
As a public good, 100% of Hydrex revenue goes to HYDX token holders who are willing to lock their tokens. Furthermore, all team and treasury allocations are permanently locked, aligning Hydrex with the long-term growth of the Base ecosystem. "Hydrex was launched intentionally with no insider tokens, liquid or vesting. Only permanently locked positions. We want to build a durable liquidity hub, and we've set up the incentives so that we only succeed if the protocol does," says Co-Founder, Garrett Lee.

Decentralized Incentive Stream & Community Allocations
Hydrex plans to allocate 50% of its initial locked token supply to protocols, partner activations, and community contributions, ensuring deep alignment with the Base ecosystem. To further support growth, the treasury will vote on protocols to create a decentralized incentive stream, continually assisting smaller protocols, by directing a portion of the protocol's emissions. A similar framework was trialed in Hydrex's pre-TGE "Basedrop" campaign, which onboarded 40+ protocols and communities through a novel model that granted participants permanent governance power.

Omni-Liquidity Infrastructure
Unlike most liquidity hubs that only allow emissions to their own pools, Hydrex leverages a fully audited Omni-Liquidity model to support growth across the entire Base ecosystem. By abstracting complex mechanics and pairing them with an optimized user flow, the dapp streamlines users of any experience level. This model ensures emissions can be directed to the most productive venues, including partner protocols and external liquidity providers. The result is a more inclusive, efficient, and ecosystem-aligned liquidity hub.

Tokenomics & Strategic Protocol Reserve
Hydrex's tokenomics borrow from the best of current models like Curve's vote escrow & Aerodrome's ve(3,3), while innovating several new components. HYDX, the liquid token of the protocol, isn't emitted into circulation freely, and at least 0.01 USDC must be collected per HYDX released. This helps reduce unchecked inflation and guarantee a return on new protocol emissions.

The USDC acquired goes to the Strategic Protocol Reserve, a fund that can flexibly support Hydrex's growth, liquidity, and security. The reserve is core to Hydrex's economic framework, and will be deployed to best support the protocol where it is needed most, including risk-free yield generation, strategic liquidity provision, and protocol development initiatives.

About Hydrex
Hydrex is a MetaDEX & Liquidity Infrastructure purpose-built for Base. It's designed as a liquidity coordination system, where weekly community governance directs tokens emissions & protocol revenue. Operating as a Wyoming DUNA and fully bootstrapped, Hydrex's mission is to align long-term incentives, support ecosystem projects, and make DeFi simple and accessible to all.

To explore Hydrex, visit the link here and follow Hydrex on X for protocol updates and news.

Media Contact:
Garrett Lee
317-690-5477

SOURCE Hydrex Association