A presentation given at the Open Repositories conference in 2010. In part, the proposal reads and While repositories provide obvious benefits in hosting and managing content, it is equally clear that there is no “one size fits all” solution to the range of digital asset management needs at a typical institution, much less across institutions. A system that supports the submission, approval and dissemination of electronic theses and dissertations, for example, has demonstrably different requirements than a digitization workflow solution, an e-science data repository, or media preservation and access system. There is a clear need in the repository community to readily develop and deploy content-, domain-, and institution-specific solutions that integrate the flexibility and richness of customized applications and workflows with the underlying power of repositories for content management, access and preservation. This paper will provide an overview of Hydra’s philosophy, architecture, and components, as well as demonstrations of various Hydra installations. The paper will also provide a progress report on Hydra development to date and its overall roadmap, as well as provide observations on the successes and challenges of community-based development of shared repository solutions.