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June 6th, 2022

We’re pleased to announce we have partnered with EPNS (Ethereum Push Notification Service)! Through this partnership, we’re ensuring that the H2O community can easily stay updated with any on-chain and off-chain activity through decentralized notifications.

What is EPNS?

EPNS is a decentralized, blockchain-agnostic communication protocol for the entire web3 world that aims to provide users notifications for on-chain and/or off-chain activity.

EPNS enables users, dapps, and service providers to create notifications that can be based on any off-chain or on-chain logic that can be triggered via smart contract, backend, or dApps. These come from an open communication network (push nodes) and are tied to wallet addresses allowing any crypto wallet, frontend, or infra service to display it to Web3 users.

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June 2nd, 2022

Overview

The H2O team is excited to announce a bridging partnership with Synapse Protocol. With this partnership, Synapse Protocol has enabled the ability for users to bridge H2O across Ethereum <> Polygon. In result, H2O holders will also be able to access the Ocean Marketplace on both chains. Going forward, Synapse will act as our trusted partner for all future bridges. For the unaware, Synapse Protocol is one of the most widely used cross-chain liquidity networks. Since launch in August 2021, Synapse reached a peak TVL of $1.2b in early 2022.

About H2O

H2O is the first non-pegged stable asset for the Web3 Data Economy. Initially, it is backed by the OCEAN token but in Q3 it will also be backed by other next-generation data tokens.

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May 2nd, 2022

In this guide, I’ll be covering the basics of Safe management including what to keep an eye on, how to open a Safe, the risk of liquidation, and how to avoid it.

Creating an Account

When first landing on the H2O app, you’ll notice the following info below:

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May 2nd, 2022

Dear H2O and Reflexer communities,

As we gather community feedback and work diligently to deploy our first batches of UX improvements since our launch last week, and rejoice with the healthy growth in TVL and community interest, we're thrilled to announce that our Staking Incentives for the Reflexer Community are now live!

As it is known by most by now, H2O is a friendly fork of the RAI stablecoin. Therefore, we want to ensure that our ecosystem partners and their communities are rewarded.

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April 29th, 2022

With the H2O launch now in our rear mirror, our team is hard at work to maximize TVL and the supply of H2O, so that it can positively impact the Web3 Data Economy we want to shape with so many other players.**

Here's everything you need to know about Incentives within H2O

We will be initiating LP staking for $PSDN and $H2O and Single Sided staking for $PSDN very soon!

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April 27th, 2022

The time has come.

After eight busy months of hard work, the H2O team is thrilled to announce the launch of H2O, an important milestone for the entire Web3 Data Economy. H2O is a non-pegged and decentralized stable asset backed by OCEAN. H2O is now live on Ethereum mainnet.

Across all industries, the transformational power of data is impossible to ignore.  McKinsey reports that data “can help unlock $3 trillion to $5 trillion in economic value.” The Economist writes that “The world’s most valuable resource is no longer oil, but data.” With AI mature enough to unlock the value of data, data is becoming the most important asset on the planet.

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April 26th, 2022

Introduction

Introduction

Data is one of the biggest and fastest growing markets on the planet, frequently drawing claims as “the new oil.” Ocean Protocol has been making huge waves recently to grow the Web3 data economy, towards a level playing field around data. Ocean is a decentralized data exchange protocol, the first of its kind built with blockchain technology. Users can freely exchange and sell valuable datatokens, all on-chain. By registering each data set as its own unique datatoken, Ocean has monetized the flow of quality, actionable data to DeFi. OCEAN is the core token in the Ocean ecosystem 

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April 25th, 2022

Reflexer LP providers will be allocated 7% of the PSDN token supply as part of our closepartnership. .

Reflexer

Reflexer’s platform allows anyone to mint the RAI token, an algorithmic Ethereum-backed stablecoin. Unlike other stablecoins, RAI is not pegged to any fiat currency. RAI is used in/for money markets, stacked funding rates, options, pegged coins/synthetic assets, etc. The opportunities are endless.

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April 22nd, 2022

The wait is finally over. We are excited to share details about our upcoming airdrop!

It's here! The airdrop you've all been waiting for, 'Wen Airdrop' ?!

At H2O we like to take good care of our partners, so we prepared sizable airdrops and rewards in POSEIDON ($PSDN) for our core communities: New Order, Ocean Protocol and Reflexer.

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April 22nd, 2022

Announcing H2O’s strategic partnership with Gamma

We are excited to announce that we have partnered with Gamma to support the management of Uniswap V3 positions.

Active liquidity management made easy

Gamma is an open-source protocol for verified, non-custodial active liquidity and portfolio management of concentrated liquidity pools. Concentrated liquidity managers (CLMs) are needed to manage concentrated liquidity positions on AMMs like Uniswap V3. Gamma’s Supervisor contracts automatically manage the price ranges, rebalances assets, and reinvests earned fees to generate optimal yields. Specifically, the protocol aims to address the volatility and inefficiencies of crypto asset markets using decentralized systems.

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April 21st, 2022

Overview

The H2O team is excited to announce a strategic partnership with [Redacted] Cartel. Redacted will assist H2O in getting a whitelisted factory pool on Curve once H2O completes its bootstrapping stage. After the H2O Curve pool is created, Redacted will direct an agreed upon CVX treasury balance to vote on the H2O gauge in return for a $PSDN bribe. Increasing the CRV emissions distributed to LP providers and incentivizing LP growth. In addition to providing liquidity, Redacted will serve as a strategic advisor to H2O as it expands its reach throughout the DataFi ecosystems.

For those who don’t know, Redacted is a meta-governance protocol positioning itself as a key player in DeFi’s liquidity wars. Since launching just over four months ago, Redacted has become one of the largest holders of governance tokens like CRV, CVX, TOKE, and OHM.

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April 20th, 2022

H2O secures strategic round for its Ocean-backed stable asset ahead of TGE and targeted community airdrop

We are thrilled to announce that the strategic funding round for H2O is now complete. The project is capitalized, well equipped and has strategic investors onboard, aligned with our vision of enabling $H2O to become the preferred Medium of Exchange and Unit of Account for the emerging Web3 data economy.

Round Details

In total, H2O raised $1,250,000 for 5% of its token supply of $PSDN governance tokens, from a number of notable angel investors, VCs, and DAOs. In harmony with the project's sensible tokenomics, Investor tokens will be subject to a 6-month cliff (with 10% unlocked) with a linear vest over a 2-year period.

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April 15th, 2022

H2O is a data token-backed algorithmic stable asset operating with a stabilization mechanism battle tested by Reflexer. It will be employed as a medium of exchange and unit of account in decentralized data marketplaces. H2O offers stability in data token pricing, more accessible access to data marketplaces, and a strategic approach to trading. The H2O core team has been making healthy strides over the past month and is excited to finally release their solution to mitigate volatility in decentralized data marketplaces.

About the team

Okarin (Business Lead)

Okarin is a digital expert with years of experience working with data in the public sector. Further, he led the implementation of data-driven initiatives such as process automation and digitalization projects for major financial institutions. Okarin is closely associated with the industry and values data as an asset class like no other.

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April 13th, 2022

H2O is partnering with DataX - decentralized data finance (DataFi) protocol, building financial infrastructure on datasets. Data as an asset class will undeniably emerge as a principal sector in DeFi. The decentralized nature of blockchain opens up the opportunity for users to start reaping monetary benefits from their data. Users haven't been able to do so because of the lack of infrastructure built on top of the decentralized data financial (DataFi) economy. However, DataX and H2O are changing that. DataX is building a suite of infrastructure products on top of the Ocean Protocol ecosystem, while H2O is launching a ocean-backed stableasset that will serve as the dominant medium of exchange in the Ocean Protocol ecosystem. The partnership between these protocols will spark an abundance of new data owners and data investors into the emerging Ocean data economy.

What is DataX

DataX's most important feature "is its ability to create money markets on datasets and make them liquid assets." DataX offers two products, but the team intends to ship plenty more. The first product, TradeX, is a decentralized exchange (DEX) that allows users to buy, sell, and trade datasets using any ERC-20 token. The second product, StakeX, enables users to stake their tokens in data pools to earn swap fees and staking rewards. Both these products are available on Datapolis app by DataX. The idea that users could make financial incentives seemed ludicrous a couple of years ago. Now it's a reality. Head over to Datapolis and start putting your data to work.

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April 6th, 2022

Introduction

Yield farming has been a driving narrative in DeFi since DeFi Summer in 2020. Yield farming is a method that allows crypto users to earn more cryptocurrency and provides protocols with added liquidity to fuel protocol growth. Throughout 2020 and into the first half of 2021, almost every new DeFi protocol used yield farming to bootstrap liquidity. It seemed like this was the most efficient way to accumulate liquidity; however, protocols quickly realized that they were accumulating short-term, mercenary capital. In the summer of 2021, staking and liquidity mining took the place of yield farming as the preferred method for protocols to bootstrap liquidity. Some protocols still prefer yield farming over other methods, but it has lost its stronghold as the preferred choice in DeFi.

But this is all in the context of yield farming in DeFi. What about data farming? First, we need to define data as an asset class to answer this question.

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March 8th, 2022

What is H2O?

  • H2O is a stable asset for decentralized data marketplaces.

  • H2O is a friendly fork of Reflexer’s stable asset, RAI.

  • Initially, the OCEAN token will back H2O, but other next-generation data tokens will back H2O later this year.

  • H2O will act as a medium of exchange and unit of account.

  • H2O removes the pricing variability in decentralized data marketplaces

    To summarize, H2O will help solve multiple issues in decentralized data marketplaces, such as capital efficiency, stability in transactional operations, and efficient price discovery.

POSEIDON is H2O’s governance token. Poseidon has multiple essential functions for H2O:

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March 8th, 2022

What is H2O?

Although some of this information was mentioned in previous posts, we want to reiterate the critical points about H2O.

  • H2O is a stable asset for decentralized data marketplaces.
  • H2O is a friendly fork of Reflexer’s stableasset, RAI.
  • Initially, the Ocean token will back H2O, but other next-generation data tokens will back H2O later this year.
  • H2O will act as a medium of exchange and unit of account.
  • H2O removes the pricing variability in decentralized data marketplaces

To summarize, H2O will help solve multiple issues in decentralized data marketplaces, such as capital efficiency, stability in transactional operations, and efficient price discovery.

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February 28th, 2022

The H2O team is excited to announce that H2O, an Ocean-backed, non-pegged stable asset, is launching. Initially, the OCEAN token will back H2O; but data itself will back it later this year.

Ocean is a decentralized data exchange protocol, the first of its kind built with blockchain technology. Users can exchange and sell valuable data while retaining privacy and control. Ocean has two unique crypto primitives: data on-ramp and data off-ramp, where users tokenize each dataset. These “data legos” open up many new possibilities for developers to connect other DeFi building blocks such as stable assets, DEXes, DAOs, and loans.

Ocean-powered data markets like Ocean Market serve as a bridge between DeFi and data as valuable commodities. Publishers offer data for sale as datatokens having a fixed price or automatic pricing via Automated Market Makers (pools). This is the essence of a peer-to-peer exchange you can find yet is ultimately unique. While corporations like Google or Facebook hold vast amounts of user data behind closed walls, Ocean Protocol levels the playing field for the lucrative world of data. It provides an opportunity for anyone willing to sell data, buy it, or even stake it. Users may purchase data of top-selling products on Amazon, a report on distributions of land in the metaverse, or anonymized browsing behaviour across thousands of people - the possibilities are endless.

In Ocean Market, the default pricing is in Ocean Protocol’s token - OCEAN. This is a relatively volatile asset, which affects data pricing. If OCEAN goes up or down by 10% (compared to something more stable), the data asset goes up or down by the same amount. This adds to the friction of the user experience in using Ocean Market. The H2O team realized that a more stable medium of exchange could facilitate these peer-to-peer transactions for buying, selling, and staking on data. Pricing datasets in such a stable asset would mean no more difficulties because of the asset volatility.

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February 23rd, 2022

Introduction:

The H2O team is excited to announce using Reflexer's codebase. We feel this is a perfect opportunity to bring algorithmic stableassets to the forefront of DeFi.

What are stable assets?

Before getting into the technicals behind RAI, we need to distinguish between stablecoins and stableassets. We define stablecoins (i.e., USDC and USDT) as pegged assets and RAI/H2O as real stableassets. Stableassets play an integral role in the development and evolution of the DeFi ecosystem. The annual stableasset adjusted transaction volume for 2021 was over $5 Trillion, a 370% increase from its 2020 figure. The ability to generate yield on crypto assets while limiting the adverse effects of market volatility through stableassets contributed to this growth in volume. Naturally, this has drawn the attention of regulatory agencies. Stablecoins, such as USDT and USDC, which are pegged to the dollar and more centralized in nature, have realized most of this regulatory scrutiny - presenting an opportunity for real stableassets such as RAI and H2O.

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February 17th, 2022

Introduction

Data has taken over the world. In the past twenty years, we've seen the internet grow from a niche subset of technology into a sector that makes up a significant chunk of the world's economic activity. In 2018, the companies representing the Nasdaq 100 had a total market capitalization of around $11 trillion. Of these 100 innovators in the tech sector, giants like Alphabet, Meta, Apple, and Amazon hold valuations close to or greater than that elusive 13 figure mark. Data has put a stranglehold on the global economy and doesn't appear to be letting go anytime soon.

These massive corporations made their fortunes and built their empires off the backs of data. It wasn't until leaders like Larry Page, Sergey Brin, and Mark Zuckerberg came around that the world caught on to just how powerful (and lucrative) data can be. Until now, few ways allowed the average individual to capitalize on data.

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February 14th, 2022

“An asset backed by data? Isn’t that just a stablecoin with extra steps?”

Sure, while H2O might resemble some variation of a stablecoin like USDC or DAI, there are some key differences which allow it to fit in with the Ocean Protocol. Let’s take a look at H2O’s composition.

H2O is a fork of RAI, Reflexer’s non-pegged and decentralised stableasset backed by ETH. To clarify, stableassets are not pegged to a particular “currency” rather, they are pegged to some defined number. On the other hand, stablecoins are pegged to a currency (i.e. USDC and DAI). RAI stands out because of its unique structure, as it’s the only stableasset backed by ETH. However, since ETH is such a volatile asset and is subject to unsavoury price action, it doesn’t make for an elite unit of exchange.