The countdown has begun for Hydranet Atlas. Atlas will be the last Testnet release before Mainnet and will be available to everyone.
Hydranet DEX provides off-chain BTC transfers using Lightning Network, a Bitcoin Layer 2 technology.
Connext allows Hydranet DEX to perform Layer 2 transactions for Ethereum and other EVM chains.
Hydranet DEX offers cross-chain trading. Exchange native BTC to ETH on Layer 2 without the need for a bridge.
Hydranet DEX features a built-in wallet with which you can combine your trading with a secure storage of your assets.
Hydranet's Layer 3 technology mitigates the scaling problems of blockchains. The transaction settlement time is 1 second.
PRIVACY & SECURITY
The Hydranet DEX offers a CEX-like experience but in an entirely trustless manner. Users remain in full custody of their wallets and won't have to trust 3rd parties with their funds.
Since transactions are executed off-chain, there is no book that keeps track of the transaction history and there is no need for KYC.
There is no need to trust a Centralized Exchange with user data or funds, where centralized exchanges will always run the risk of being hacked.
The Hydranet DEX consists of 3 major parts: A multi-currency wallet, an Exchange with an order book feature, and a Simple Swap interface for one-time trades.
The Hydranet DEX offers cross-chain, low-fee swaps with a ledger of buy and sell orders.
With the Hydranet DEX you can also make easy one-click swaps without the need for an order book.
WHAT IS A LAYER 3 DEX
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 in one platform.
|COMPARE||LAYER 3||LAYER 2||LAYER 1||LAYER 1|
|ETH DEX with rollup
(Diversify, Uniswap V3)
|Specific blockchain DEX
(Uniswap v2, Binance DEX)
|Only ERC-20||Only ERC-20|
|Fees||DEX fee only
(Taker pays maker)
|DEX + small Blockchain fee||DEX + Blockchain fee||DEX + Blockchain fee|
|Moderate (Onchain)||Moderate (Onchain)||Moderate (Onchain)|
|Settlement Duration||~ 1 second||Seconds - minutes||Seconds - minutes||Seconds - minutes|
With this overview, we would like to inform you about some temporary limits in the Hydranet DEX. We are in the process of improving these, however, the limits listed in the following are implemented until further notice.
Maximum channel size
Maximum order size
Due to limits of the current version
Channel rental default duration
ATLAS TESTNET BUILD
Please don't send real funds using this version.