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Join the First True Interoperable DEX
Hydranet offers the world's first Layer 3 decentralized exchange — a solution for instant, trustless, order-book trading with native tokens between blockchains.
Atlas is Coming
The countdown has begun for Hydranet Atlas. Atlas will be the last Testnet release before Mainnet and will be available to everyone.
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Hydranet DEX offers a native cross-chain exchange experience via Layer 2 technologies. Trade BTC to ETH directly without a bridge or wrapped assets.
Hydranet DEX executes trades off-chain. This results in low transaction fees and almost instant confirmation times, unlike on-chain counterparts.
Hydranet DEX offers an experience that you can use like CEX but leaves your assets under your control. Trade without KYC and with maximum privacy.
WHAT IS HYDRANET
Hydranet offers the World's First Layer 3 DEX
Hydranet enables Bitcoin and Ethereum, two fundamentally different blockchains, to communicate thanks to a revolutionary technology that we have dubbed "Layer 3".
Hydranet reduces network load without compromising security. The average transaction settlement time is merely 1 second.
Hydranet doesn’t require wrapped tokens. Native assets can seamlessly be exchanged between different chains without the need for a Layer 2 bridge.
COMMUNITY POWER
A Decentralized and Autonomous Organization
Hydranet derives its strength from the community. In addition to voting and governance, the HDX token price will appreciate with every trade on the DEX using buybacks for liquidity and burn mechanisms.
We are a decentralized organization. In the spirit of decentralization we are committed to never having custody over your funds and to share the DEX success with the community through unique Tokenomics.
After launch, we are planning to create Loyalty Rewards for Users & Community. Being an early supporter of Hydranet will not be in vain! Stay tuned.
Hydranet Questions
What Does Hydranet Offer Solutions For?
Hydranet offers solutions to the most important problems of blockchain technology with Layer 3 DEX. As a blockchain grows in popularity and demand, heavy network traffic can lead to serious congestion problems that cause transaction fees and confirmation wait times to increase astronomically. This is where Hydranet comes in. Its approach of strictly using Layer 2 assets results in very low transaction fees, nearly-instantaneous speeds, and the possibility of exchanging real assets that exist independently from one another and have no direct bridge. Check out the DEX page for more details.
What Are the Hydranet Team's Experiences?
The Hydranet team is made up of a diverse group of volunteers, most of whom dedicate their time to development and management despite also working full-time jobs. If you would like to learn more about individual team members and their respective backgrounds and work experiences, you can read about them in a three-part series: Part I , Part II , Part III
Where Can I Find the Roadmap?
The detailed roadmap is available here on our website, hydranet.ai. Currently, the DEX is undergoing major ugprades from its first public testnet build (Lazarus). When these upgrades have been implemented successfully, our second testnet build (Atlas) will debut publicly (Q4 2022). After this we will move to Mainnet, this version will be called Phoenix (Date TBA).
What is the Purpose of the HDX Token?
HDX is the governance token for the Hydranet project. In addition to voting, HDX holders will benefit from the trades on the DEX by the design of our Tokenomics. By offering HDX sales in the form of bonds directly from the Hydranet website, the team is able to raise funds for development, infrastructure, and marketing. Hydranet is and always has been community-driven, and we cannot overstate our gratitude for all the support we've received.
Community Questions
What is the Purpose of the Community?
Hydranet is a community-based, DAO-controlled project that draws its core strengths from its dedicated, organic following. The community serves as the DAOs support network, and vice-versa. Important decisions are made by community voting. Business plans and goals are relayed by the team to the community on both an as-needed basis and in the form of weekly and monthly project status updates. The community, in turn, provides feedback, votes with their wallets, and proposes ideas for future votes. You too can be part of the Hydranet community.
What is DAO and How Does It Work?
"DAO" is short for "Decentralized Autonomous Organization". Hydranet is managed through cooperation between the community and the Hydranet team. Proposals are arranged on the Snapshot platform so that HDX holders can vote on important topics, and the team then implements those decisions accordingly.
How Can I Help?
By joining the community, you can be involved in the decision-making process at its most basic level. Much of our content production, moderation, and social media management has come from volunteers. We have international community represantatives for an impressive number of countries and languages. These efforts significantly enhance communication between the team and community itself. We invite you to join the Hydranet Discord channel and try out the testnet DEX for yourself!
How Does It Benefit For Me?
Hydranet DEX is a groundbreaking project for the cryptocurrency ecosystem. By joining the community, you stand to witness this revolution up close. You currently have the opportunity to stake your funds with an avarage annual income of 7.5%. With the release of Phoenix, you will indirectly earn from Hydranet DEX trades, see our Tokenomics. Depending on the needs of the project and your areas of expertise, you may also be a fit for our team.
Timeline
Hydranet Roadmap 2023
Marketing Q1
- Increase Google ads
- Prepare ads and ad materials for Spanish-speaking regions
Marketing Q2
- Prepare Phoenix release materials
- Bug bounty
- Trading competitions
- Awareness Campaigns
- Communication and possible cooperation with influencers
Website Q1
- Update privacy policy
- Add final HDX Tokenomics
- Add more blog articles
Website Q2
- Add tracking page for trading volume, channels, downloads, trades, TVL, etc.
HDX Token Q1
- Confirm Multisig as DAO representatives
- Confirm final Tokenomics proposal by DAO
- Discuss current HDX staking APY
- Start working on new HDX smart contracts
HDX Token Q2
- Deploy new HDX smart contracts on testnet
- Deploy new HDX smart contracts on mainnet
- Update public info about HDX token
Hydranet DEX Q1
- Improve simple swap UI (SSUI)
- Review and implement Taker pays maker
- Review and implement Connext DEX fee refunds
- Create and implement Connext Watchtowers
- Implement Lightning Watchtowers
Hydranet DEX Q2
- Create and implement Arbitrage Bot
- Malicious actor protection (including DDoS protection)
- Stability mechanisms for e.g. continuously failing orders protection
- Various UI/UX updates
- DEX BETA MAINNET
Disclaimer: As pioneers and first movers in the cryptocurrency industry, delays will inevitably occur. Expect milestones to be pushed back or forward, added or removed.
Please do not rely on this information when making financial decisions. The roadmap and its information above are shared in order to outline some of the current plans and best estimates for Hydranet DAO. Please note this page is for INFORMATIONAL PURPOSES ONLY and does not serve as a binding commitment.
Ultimately, the development, release, and timing of any feature(s) or functionality are subject to change as agreed upon by the involved teams and/or the Hydranet DAO. As pioneers and first movers in the cryptocurrency industry, delays will inevitably occur. Expect milestones to be pushed back or forward, added or removed.
BUY HDX
Where To Purchase HDX
Whitebit
WhiteBIT is a top 15 exchange with high liquidity, a dedicated team, and many tradable pairs. Affiliate Disclosure: This post contains an affiliate link. We earn a commission if you use the link to sign up and trade.
Uniswap
Uniswap is a decentralized cryptocurrency exchange that facilitates automated transactions between cryptocurrency tokens on EVM-compatible blockchains through the use of smart contracts.
HDX Bonds
Users can buy HDX bonds with DAI or wETH, supporting the project and the token directly. All acquired funds go into the treasury and are used to pay developers, server costs, and all marketing expenses. American citizens are not allowed to buy bonds.
FLASHCARDS
Learn About Hydranet
Hydranet Overview
Learn about the work of Hydranet. Get to know the team and community. You can find the Hydranet vision for the future in this article. Read More
Hydranet DEX Overview
The flagship of the Hydranet project is Hydranet DEX. Get to know the world's first Layer 3 decentralized crypto exchange now in this article. Read More
What Are Layers 1, 2, and 3?
Blockchain consists of different networks developed on various layers. Understanding what these layers are used for is crucial to understanding the DEX. Read More
What is Lightning Network?
Hydranet runs Bitcoin technology with its own solutions. Learn about the Lightning Network, one of the 2 basic components of the DEX. Read More
What is the Connext Protocol?
Connext runs cross-chain operations for a variety of EVM chains, including Ethereum. Learn about the Connext protocol, one of the 2 basic components of the DEX. Read More
Further Reading
Hydranet Blog
Hydranet Overview
What is Hydranet? Who is it aimed at and what problems does it provide solutions for? In this article, you can learn all about the formation of Hydranet. Read More
Hydranet Atlas Edition
Hydranet is aiming to release the Atlas version of the DEX in Q3 2022, adding a plethora of new features, including compatibility with the Arbitrum network. Read More
Hydranet Phoenix
Phoenix, the ultimate goal for 2022, will be the mainnet release of the DEX, meaning that it will officially be out of testing and available for live trading. Read More