Phoenix, the long-awaited mainnet release of the Hydranet DEX. Unlike the previous testnet versions, the Lazarus and Atlas releases, the Phoenix release will allow everyone to trade with real assets and experience the true feeling of instant, trustless and cross-chain trades using native assets.

The Phoenix release will be quite similar to the Atlas release, at least in terms of features. Stable operations of all features will be assured in the Atlas release, while the Phoenix release will allow these features to be used with real assets.

What can you expect from the Phoenix release?

The Multi Currency Light Wallet (MCLW)
 Every tradeable asset found in the Hydranet DEX will be available in the built-in wallet. You will always be in control of your funds!

The Decentralized Exchange
Choose your preferred way to use the Hydranet DEX. Trade easily through the Simple Swap feature or use the classic order book interface. Regardless of your choice, enjoy instant cross-chain swaps using your own native assets. The aim is to be able to offer several different traiding pais, but the traiding pairs at launch will be limited to:

  • ETH – BTC
  • BTC – USD
  • ETH – USDC
  • AETH – HDX
  • LTC – BTC
  • BTC – USDT

Taker-Pays-Maker / Market Maker bot 
The Hydranet DEX offers a Taker-pays-maker transaction fee model. This means that liquidity providers (market makers) receive a fraction of the transaction fee. Anyone willing to offer liquidity to the Hydranet DEX can do so using the built-in Market Maker bot (Vortex). With the Phoenix release, passive income for market makers will become a reality!

What happens after Phoenix?

All the hype around Phoenix may sound as if there is nothing more after the Phoenix release. This is of course not true! The Phoenix release is just an incredible milestone for the Hydranet organization and the Hydranet DEX will just continue to evolve after it is released on mainnet. Future releases of the Hydranet DEX will involve effort related to increased decentralization (more HUBs in the off-chain infrastructures) and continuous improvements of the UI-UX. The Phoenix release is not an end, but a beginning of the Hydranet DEX!