KR1 plc - Investment - HydraDX
Investment: HydraDX
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that the Company has invested a total of US$200,000 in the HydraDX project. KR1 took part in HydraDX s seed funding round alongside Hypersphere Capital and will receive a yet-to-be-determined amount of HydraDX ( HDX ) tokens.
HydraDX is a decentralised exchange and cross-chain liquidity protocol built on Polkadot s Substrate blockchain development framework. The project s aim is to deliver a composable base layer for digital asset liquidity by creating a new architecture for an AMM (Automated Market Maker). Some of the key innovations include having one omnipool enabling connections between assets, providing deeper liquidity, front running mitigation technology, on-chain governance and forkless upgrades.