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Hydrex Unveils Its Groundbreaking Protocol on Base

On September 18, 2025, Hydrex, a decentralized exchange (DEX), made headlines by launching its DUNA protocol on Coinbase's blockchain, known as Base. This development marks a significant leap in US-based decentralized finance (DeFi), establishing a framework designed to enhance liquidity and promote accessibility for both users and protocols.

The Essence of Hydrex

Hydrex positions itself as a Decentralized Unincorporated Nonprofit Association (DUNA), underscoring its commitment as a public good within the Base ecosystem. Its primary mission revolves around fostering cryptocurrency adoption by simplifying liquidity access. As stated by Co-Founder Garrett Lee, the aim is to create a robust liquidity hub that relies fundamentally on the growth of the Base ecosystem. This innovative platform differentiates itself with a 100% revenue-sharing model focused on rewarding HYDX token holders who lock up their tokens.

A Unique Revenue Sharing Model

At Hydrex, all revenue generated is directed back to the community. This means that those who participate by locking their HYDX tokens will receive benefits proportional to Hydrex's performance. The team's tokens as well as treasury allocations are permanently locked, ensuring that all stakeholders are invested in the long-term success of the project from day one. Garrett emphasized, "Hydrex was launched intentionally without insider tokens. We want to foster a sustainable liquidity model that thrives only with the protocol's success."

Commitment to Community and Collaboration

A unique aspect of Hydrex's approach is its allocation strategy. Half of its initial locked token supply—50%—is reserved for activations and collaborations with protocols and community initiatives. This strategy aims to align closely with the needs of the Base ecosystem, ensuring that everyone involved has a stake in the growth process.

To maintain this collaborative spirit, Hydrex is set to implement a decentralized incentive stream managed by its treasury. This will allow the protocol to financially support smaller, emerging protocols by offering strategic assistance through stimulus programs. This framework has already shown promise in