Stargate (@StargateFinance): Firstly, here’s a quick primer on Hydra and how it works:
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Impact unavailable
Firstly, here’s a quick primer on Hydra and how it works: Hydra is Stargate’s Bridging-as-a-Service product designed to bootstrap new ecosystems yet to receive native asset issuance of USDC, USDT and WETH. Bridging into Berachain is facilitated via Hydra’s lock-and-mint mechanism, whereby assets are locked into Stargate’s (native asset) pools (deployed on multiple chains) and minted 1:1 on Berachain (using the OFT standard). All assets minted on Berachain are backed 1:1 and held within Stargate’s pools. In other words, a user’s funds are never removed from these pools, but rather, help to expand Stargate’s unified liquidity network, meaning a greater UX for everyone on Stargate.