THE WORLD'S FIRST DEXTHAT PROVIDES LIGHTNING SWAPS
Currently, the blockchain industry is struggling to cope with heavily congested networks, causing transaction/gas fees to rise to astronomical levels and making trading very expensive.
This is where Hydranet offers a solution. The Hydranet DEX combines the strengths of Bitcoin & Lightning Network with ideas of its own.
What we bring to the table
Hydranet has developed a true next-generation DEX that solves many of the problems that prevent current DEXs from scaling, such as ever-increasing costs and transaction times.
Speed and Scalability
- As Hydranet DEX executes the swaps off-chain, it offers instant, scalable and straightforward trading across different blockchains.
Low Transaction fees
- As there are almost no fees when sending a lightning transaction, the only fee that is left is the DEX fee when executing a swap.
- By working with industry-leading projects, arbitrage- and AMM bots, the Hydranet DEX offers tight spreads and deep liquidity.
- The Hydranet DEX will distribute a share of all fees earned from daily trading volume directly to the HDX stakers.
- As trades are settled off-chain, there is no explorer to track the user's trade history.
- By using Connext and Lightning Network, you can trade without the need to wrap or peg your native assets.
The Hydranet DEX is a Layer 3 cross-chain DEX that utilizes Layer 2 protocols (Lightning Network and Connext) to allow low-fee, trustless, cross-chain swaps between BTC, ETH, and additional altcoins all on one platform.
|Compare||Layer 3||Layer 2||Layer 1|
|Features||Cross-chain DEX(Hydranet DEX)||ETH DEX with rollup(Diversify, Uniswap V3)||Specific blockchain DEX(Uniswap v2, Binance DEX)||Cross-chain DEX(Shapeshift)|
|Native Assets(Cross-chain interop.)||Only ERC-20||Only ERC-20|
|Fees||DEX fee only(Taker pays maker)||DEX fee only + small Blockchain fee||DEX + Blockchain fee||DEX + Blockchain fee|
|Settlement Duration||~ 1 second||Seconds - minutes||Seconds - minutes||Seconds - minutes|
Our flagship product, Hydranet DEX, allows for funds to be traded across a variety of otherwise-incompatible blockchain networks (i.e. BTC and ETH) in a quick, low-fee, secure, trustless, decentralized, and P2P manner.
Every coin utilizes the security of its host blockchain on Layer 1, and every coin utilizes off-chain Layer 2 protocols such as Lightning Network and Connext, themselves reliant on the security of their host blockchains, to achieve instant atomic swaps.
Hydranet DEX specializes in interoperability between different Layer 2 protocols, bridging them together on Layer 3.
With this overview, we would like to inform you about some temporary limits at the Hydranet DEX. We are in the process of improving these, however, the limits listed in the following are implemented until further notice.
100 USDMaximum channel size
100 USDMaximum order size
1 HUBDue to limits of the current Connext version
1 DAYChannel rental default duration