What does “Testnet” mean?
A blockchain testnet is an instance of a blockchain network that is used primarily for testing and experimentation. Unlike “mainnet” coins, testnet coins have no monetary value attached to them, which removes the risk of losing funds when creating experimental software. Many of the biggest blockchains provide testnet chains, including BTC, ETH, LTC, USDT, and many more. Testnet chains are often up-to-date with their mainnet equivalents.
Yes! Hydranet DEX features 24-word seed phrases for backing up on-chain funds and Lightning Channel backups for off-chain funds. You can watch our guides on how to back them up and restore them.
We strongly believe that Hydranet DEX’s ecosystem represents an entirely new generation of foundational technology, featuring nearly-instant, trustless, low-fee, off-chain trades between otherwise-incompatible blockchains (BTC/ETH, BTC/USDT). The utility of this ecosystem is not something that should be understated. This type of DEX technology has immense potential to redefine how crypto is exchanged in the long-term and serve as a “golden catalyst” for DEX adoption. The Hydranet model strives to be highly accessible by offering an unrivaled amount of coin pairs and interoperability between blockchains with a competitive fee model that on-chain and rollup DEXs have no way of directly competing with. We believe that this combination of high utility, high accessibility, and highly competitive fees will make the Hydranet DEX equally appealing to market makers, whales, and small traders alike. We believe that the Hydranet model strikes just the right level of balance and necessity to attract organic growth and demand from multiple ends of the crypto industry. As development continues, we intend to build upon this inherent potential with further incentives, including a public API, arbitrage and market maker bots, trading competitions, and holder appreciation.
Yes, indirectly via arbitrage bots connected to centralized exchanges. The arbitrage bots will mirror the liquidity on the CEXs onto the Hydranet DEX, and keep the trading pair prices similar to the prices on the CEXs.
The initial pairs will be revealed in the next days. Stay tuned!
There is always a risk associated with any contract interaction, and there exists an extra degree of risk using L2 protocols compared to on-chain trading. However, there are solutions that mitigate these risks (watchtowers, for instance) and we are constantly working and updating these.
We are proactively seeking audits and plan to open-source some parts of the DEX code in the long-term.
That's currently not possible.
That's currently not possible. The HUB must be online and the Client must be connected to it for the orderbook to function.
The HUB is the node in the Hydranet DEX that connects all the user Clients. The HUB hosts the orderbook with which users trade, and route payments between the transacting parties. Importantly, the HUB will never control any user funds. Users are always in control of their funds!
The Simple Swap UI can do all of this automatically for you, with manual channel management always available for more precise control. Trading on the Hydranet DEX can be done with as little as a one-deposit and 3 clicks.
Rental channels are channels with liquidity rented from the HUB. These are needed to be able to receive (buy) other currencies.
Opening a channel requires a one-time fee that varies based on the current on-chain traffic. Rental fees are 0.004% / hour of the rented volume.
The available rental funds in the HUB are limited. To allow several Hydranet DEX participants, we have introduced minor channel rental limitations until we have reached a high rental fund capacity.
Because it’s faster, more scalable, more private, and has lower blockchain fees than other DEXs.
Yes. As trades are executed off-chain, privacy is high. The trades can’t be tracked via explorers.
Everyone benefits from using the Hydranet DEX: normal users get unique beneficiary features such as custody over funds and privacy, bots get CEX-like order execution, and HDN holders can participate in the DEX’s success.
We are constantly working on increasing the scale of decentralization to make this as difficult as possible.
We plan to actively research this after the Hydranet DEX reaches mainnet.
The best place to ask for support is on the Hydranet Discord. You can also e-mail the Hydranet team at [email protected].
Please be aware the Windows warning is appearing as we can't sign the file yet, because Hydranet hasn't set up a company yet, but a company will be set up in the near future.

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