What does “Testnet” mean?
A 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, removing the risk of losing funds when creating experimental software and making them quite useful for development purposes. Many of the biggest blockchains provide a testnet chain, including BTC, ETH, LTC, USDT, and many more. Testnet chains are often up-to-date with their mainnet equivalents. Furthermore, they are useful for debugging “nightly” builds and updates before they are deployed to mainnet.
We plan to deploy mainnet coin pairs to Hydranet DEX when work on the next major update (codenamed “Atlas”) concludes. “Atlas” is the 2nd major update to the DEX, following the “Lazarus” patch which was first released at the end of April.
For context, “Lazarus” builds targeted major bugfixes, switching to vanilla LNDs, and ensuring that off-chain trades between Lightning Network and Connext channels (i.e. BTC/ETH trades) were working with consistently high rates of success.
With these targets reached, “Atlas” builds will focus on revamping orderbooks and integrating Arbitrum into the DEX and the multicurrency light wallet. To debug these integral components of Hydranet DEX in an expedient manner, “Atlas” builds will only work with testnet coins.
After our targets for the orderbook revamp and Arbitrum integration have been reached, we intend to focus on deploying mainnet coins to Hydranet DEX. Please check our social media channels regularly to stay updated!
There is no web DEX in development at the moment. We plan to research this after Hydranet DEX reaches mainnet.
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 here (tutorial video)
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 with a hyper-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 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 profit sharing.
Yes, indirectly via arbitrage bots connected to centralized exchanges.
LTC/BTC, ETH/USDC, ETH/BTC, BTC/USDC. More tokens and pairs will be added as Hydranet DEX shifts to mainnet, including HDX.
Yes, there is always an extra degree of risk involved in using L2 protocols compared to on-chain trades. However, we have multiple back-ups and limits implemented to increase security to greatly reduce that risk.
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.
To be able to receive (buy) other currencies.
Our Simple Swap UI can do all of this automatically for you, with manual channel management always available for more precise control. Trading on Hydranet DEX can be done with as little as a one-deposit and 3 clicks of a mouse.
Opening a channel requires a one-time fee that varies on the current on-chain traffic. Rental fees are 0.004% / hour of the rented volume.
Yes.
The best place to ask for support is via e-mail at [email protected] Also, you can join the Hydranet Discord and ask questions: https://discord.gg/aeRaUA5zVN.
Offering non-custodial scalable private swaps across different chains.
In our analysis, it’s Thorchain Rune swap.
Because it’s faster, more scalable, more private, and has lower blockchain fees than other DEXs.
As it’s off-chain, it’s very private. It can’t be tracked via explorers.
Because Hydranet offers something that’s needed and not offered yet by any project.
Everyone benefits from using the DEX: normal users get unique features, bots get CEX-like order execution, and HDX 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.

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