HyveDA successfully capped $50 million in pre-deposits from early contributors within two weeks of launching the Symbiotic mainnet amid market decline due to Trump's tariff policy. Contributors utilized a structured deposit process through various vaults, managed by HyveDA and multiple partners. This approach minimizes risks while streamlining onboarding for the protocol's growth. The impact of this deposit phase on future participation and funding strategies of similar protocols during market fluctuations remains to be seen, as ongoing updates will clarify its influence on the HyveDA ecosystem.
The deposit phase for HyveDA successfully reached a supply cap of $50 million despite market instability, showcasing resilience in fundraising during challenging times.
HyveDA's structured deposit process utilized multiple vault types, allowing early contributors to secure contributions without risks, adding an extra layer of assurance during a volatile market.
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