Topic: Hydranet (HDN) - World’s First Layer 3 DEX - Connecting BTC to ETH (Read 1373 times)

Hydranet - Weekly Update #107


X/Twitter: https://x.com/TheHydranet/status/1786085950885347668

Core DEX
- Acquired codesign, so the #DEX can now be signed with a certificate

Once implemented, there won't be many warnings anymore when installing.

Web Wallet
- Integrated #Lithium Protocol (V1), aiming to release it to closed beta early next week
- Finished Lithium indexer
- Started refactoring to improve security and prepare for #Storj implementation
- Continued working on Channel rental manager, should be finished mid May
- Aiming to release a new version to the public, including various enhancements this week

DAO
- Latest Hydranet #DAO Improvement Proposal is live here: https://snapshot.org/#/hydranet.eth/proposal/0x715a967208b2fa3de4675826445cc74f2bc1e6ece28fd501c3cfc2a2ef2a408f…

Lithium AMA
- Published an in-depth article about #bridging:
https://medium.com/hydranet/save-up-to-85-in-fees-using-the-hydranet-web-dex-for-your-bridge-transactions-5ed315987fc4…
- Published a page to check what #fees you could have saved using Hydranet DEX:
https://bridge.hydranet.ai

Lithium #AMA will take place on 3rd May, 19:00 CET.
A total of 10.000 HDN is up for grabs for all people who join and ask good questions!

Please let us know your questions in advance here:
https://forms.gle/VRCi4tf6YEiGJMG7A

Hydranet - Save up to 85% in fees using the Hydranet Web DEX for your bridge transactions


X:Twitter: https://x.com/TheHydranet/status/1784954138549235890

Hydranet, exciting news ahead!
We are thrilled to introduce our Bridge calculator - a tool allowing you to see how much you could have saved on your previous bridge transactions using the Hydranet Web DEX over other bridge providers, and get a feel of what’s to come. Simply input your wallet address and press calculate. The value displayed to you is your potential savings in the future.

https://bridge.hydranet.ai/

But what if you haven’t made any bridge transactions? Don’t worry. We have prepared a selection of wallet addresses that have undergone bridge transactions for you to experiment with:
Address 1: 0xfb5797d758c22c773925b0a64f227494490c0fca
Address 2: 0x2fc617e933a52713247ce25730f6695920b3befe
Address 3: 0x478f25e0856aa133f7f9f68f1dab2505b6ef9bd1
Address 4: 0x5a825c64df9dee1e35fe9041ca8d69509414c4a7

And there’s more to discover! Dive deeper into how the Hydranet Web DEX outshines its competitors in our latest article.
Learn why this achievement spells good news for HDN holders and set sight on the bright future that lies ahead.
https://medium.com/hydranet/save-up-to-85-in-fees-using-the-hydranet-web-dex-for-your-bridge-transactions-5ed315987fc4

Learn more If you’re interested in learning more, join us on our Hydranet AMA about the Hydranet Web DEX and Lithium on the 3rd of May!
If not for the information, for the possible rewards! We will be distributing 10,000 HDN among 10 lucky questioners.

To maximize the likelihood of your question being addressed directly, we encourage you to submit it to the Hydranet team ahead of time via this form:
https://forms.gle/VRCi4tf6YEiGJMG7A

Thank you for your continuous support as we are getting ever closer to our goal - bringing Layer 3 to Web3!

Hydranet - AMA Important information


We recognize that hosting our AMA in conjunction to a weekend will attract more participants.
We have therefore decided to move the Hydranet AMA to the end of the week.

Date: 3rd of May
Time: 19:00 CET
Where: Hydranet Telegram - https://t.me/hydranetofficial

On Monday around noon CET we will release our Bridge calculator and Bridge article - stay tuned for this!
The postponed AMA will give everyone more time to digest the information released on monday and prepare any questions that may arise from it.

Plus, during the AMA we will be distributing 10,000 HDN among 10 lucky questioners.
To maximize the likelihood of your question being addressed directly, we encourage you to submit it to the Hydranet team ahead of time via this form:
https://forms.gle/VRCi4tf6YEiGJMG7A

We hope you are as excited as we are! See you on the 3rd of May!

Hydranet -  Weekly Update 106



X/Twitter: https://x.com/TheHydranet/status/1783338401447510164

WebWallet
- Implementation of the Lithium contracts into the WebWallet
- Continued working on the Lithium indexer (keeps track of all on-chain activities - channel opening/closing/deposit/withdrawals)
- Testing of Lithium transactions will begin in 2-3 days
- Started testing of the channel rental manager
- Adding functionality for on-chain payments of rental fees

MultiSig
- DAO forum live - https://forum.hydranet.ai/
- First DAO vote on the DAO forum is live
- Moved $20k USDC to Aave (Lending platform)

Marketing
- Hydranet AMA and Bridge Calculator release scheduled for 29th of April - Save the date!
- WebWallet landing page is almost finished - A necessity to be able to market on X

Hydranet - Telegram AMA
X/Twitter: https://x.com/TheHydranet/status/1782480647199535104

Save the date!

We are happy to invite you to a Hydranet AMA, scheduled for the 29th of April. This AMA will focus on the Hydranet Web #DEX and specifically on our recent Lithium advancements, and give you the opportunity to ask questions and gain insights into our ongoing developments.

Date: 29th of April
Time: 19:00 CET
Where: Hydranet Telegram -
https://t.me/hydranetofficial

But that’s not all! In the days leading up to the #AMA, we will release our bridge calculator
- a tool that empowers users to visualize potential savings on bridge transactions by leveraging the Hydranet #WebDEX, and specifically #Lithium, over other bridge providers.

Accompanying this release will be an informative article comparing the Hydranet Web DEX with alternative #bridge solutions.
Stay tuned for this! Mark your calendars, spread the word, and get ready to join us for an enlightening session
that will take us yet another step forward on our journey toward sustainable DeFi!

Hydranet - DAO Forum
X/Twitter: https://x.com/TheHydranet/status/1782477224857272817

Exciting News!
Without further announcements we launch the Hydranet DAO Forum – your go-to hub for collaboration, discussion, and decision-making!

The Hydranet DAO Forum is a platform welcoming all Hydranet DAO members from various social platforms. Here, you can:
- Submit proposals.
- Discuss those proposals.
- Heat check proposal by up voting and down voting.

Join us now, and claim your unique username by creating and account and verifying to participate in proposal submissions and heat checks. Use this platform to push the Hydranet Dao in the direction of the community's choosing. Keep in mind only active proposals can receive comments and up/down votes so use this time to get onboarded for the next proposal that will come shortly.

Since this is a new platform, please understand if there are small UI issues that haven't been seen, feedback is welcome for improvement as always.

--> https://forum.hydranet.ai/

Hydranet - Weekly Update #105


X/Twitter: https://x.com/TheHydranet/status/1780348111736443154

CoreDEX
- LSSD / Vortex is running smoothly, added more closed beta testers
It will also be distributed for SIVA and Make It to possibly onboard first third parties.

WebWallet
- Lots of reported bugs have been fixed, including stuck BTC channel openings
- Continued to update Lithium contracts
- Lithium indexer almost complete
- Lithium V1 will be fully functional end of this month
- Cloud-based channel backup ready for full implementation, client-side validation pending
- Channel rental manager is being reviewed and fine-tuned

MultiSig
- DAO vote on 5M HDN for continued development has been passed:
https://snapshot.org/#/hydranet.eth/proposal/0x95c33b7ba317ba09d3836fd48fb771157a3c4584fefdc9674044c4fb957ab2cd
- Internal 2024 roadmap has been updated

Marketing
- Lithium AMA is being planned, more details will be announced later this week
- CoreDEX trading competition is getting finalized

Hydranet - DAO Vote #30 live

X/Twitter: https://x.com/TheHydranet/status/1777651314647863808

Voting is now live:
https://snapshot.org/#/hydranet.eth/proposal/0x95c33b7ba317ba09d3836fd48fb771157a3c4584fefdc9674044c4fb957ab2cd

Title of proposal:
Funding Development with 5 Million HDN from the Vault

- Proposal ID: #30
- Proposer(s): Hydranet Multi-sig
- Voting Period:
Start: April 8th, 2024, at 09:00 am UTC.
End: April 13, 2024, at 09:00 am UTC.

Hydranet - Weekly Update #104


X/Twitter: https://x.com/TheHydranet/status/1777835593226920213


CoreDEX
- Released a new wallet version with minor UI fixes
- Added Arbitrum-ETH/ETH trading pair (bridge trading pair)
- Rolled out a new LSSD and Vortex bot implementation to Beta testers

WebWallet
- The majority of the reported bugs and improvements are expected to be resolved this week
- Lithium integration into the Web3 Wallet is making good progress
- Channel Rental Manager is also making good progress. Functions for closing and extending rental channels have been added and testing of the complete manager has started.

MultiSig
- Initiated DAO vote for allocating 5 million HDN from the Hydranet DAO Vault to fund ongoing and future development
https://snapshot.org/#/hydranet.eth/proposal/0x95c33b7ba317ba09d3836fd48fb771157a3c4584fefdc9674044c4fb957ab2cd

Marketing
- Continued preparing for Core DEX trading competition
- Preparing for Telegram AMA about Lithium during second half of April, along with the release of the bridge calculator
- Published March monthly recap
https://medium.com/@Hydranet/57134b43fbc4

Don't forget to vote on the ongoing DAO vote and make sure to give the Web3 Wallet a second round of testing - your feedback is extremely valuable

Hydranet - DAO Proposal #30 - Funding Development

Funding Development with 5 Million HDN from the Vault

- Proposal ID: #30
- Proposer(s): Hydranet Multi-sig
- Submission Date: April 8th, 2024 - 9am UTC

Abstract
- Summary: This proposal seeks to allocate 5 million HDN from the Hydranet DAO Vault to fund ongoing and future development.
- Motivation & Rationale: Given the evolving landscape of decentralized finance, it's critical for our continuous improvement. This allocation is essential for maintaining Hydranet's competitive edge, ensuring security, and improving user experience.

Proposal Details
Proposed Updates & Objectives:
- Action Steps: Utilize the 5 million HDN to fund development projects such as the Web Dex development, security enhancements, UI upgrades, Lithium protocol development and integration, Core Dex upgrades.
- Timeline: Immediate commencement with milestones including Lithium test net launch, public release of the DAO forum, Core Dex API release, Web Dex order book rewrite, and testnet readiness.
- Overall Cost: 5 million HDN, with detailed allocation for developers and ancillary roles in marketing, management, and DAO financials.

Impact Analysis
Advantages:
- Accelerates key development projects.
- Invests directly in the ecosystem's growth and user experience enhancement.
- Reflects the community's dedication to the project's advancement.

Disadvantages:
- Temporarily reduces treasury reserves.

Conclusion & Voting
- Final Thoughts: The proposed 5 million HDN allocation from the treasury represents a strategic investment in Hydranet's future, designed to support significant development initiatives and secure the platform's long-term success.
- Voting Options: [Approval of the 5 million HDN allocation, Rejection of the proposal, Request for further information or proposal modifications.]
- Voting Period: Start: April 8th, 2024, at 09:00 am UTC. End: April 13, 2024, at 09:00 am UTC.

Please make sure to join our Discord Server in order to participate in the discussion: https://discord.gg/hydranet

Hydranet - Monthly Recap #22



X/Twitter: https://x.com/TheHydranet/status/1776952636572344707

Do you recall Day X just a couple of months ago, during which the Hydranet Web3 Wallet was disclosed for the first time? Fast forward to March, and we finally got to see its public testnet release in a milestone dubbed NOVA. The release was a huge success - reported bugs are continuously being addressed, and UI improvements are in the making! Thank you for your valuable feedback!

Read more about NOVA and what other activities March had in store for Hydranet in this month's recap
https://medium.com/@Hydranet/57134b43fbc4

Also, don't forget to spread the word about the #NOVArelease for a chance to win 5000 HDN
https://twitter.com/TheHydranet/status/1774008045632172402

Hydranet - Weekly Update #103


X/Twitter: https://x.com/TheHydranet/status/1775270095008510444?s=20

The #NOVArelease has been a huge success!
Thanks to all testers who provided so much positive feedback!

So, what's next?
- More info on Lithium's benefits
- Lithium implementation into the Web3 Wallet (already started)
- Cloud based channel backups, so users can use one seed for all devices
- Hydranet's first Telegram AMA to take a deep dive into Lithium. It will take place ~mid April, more infos are coming soon!

WebWallet: More Updates
- StorJ was implemented into Hydra App, will be soon ready for testing - to enable cloud based channel backups
- Bug fixes and minor improvements are being implemented

MultiSig
- $40k USD from the Treasury have been provided on Aave as liquidity, an Open Source Liquidity Protocol

Marketing
- Youtube shorts covering NOVA features https://youtube.com/playlist?list=PLiPgD5jh1hS3wxYPMdd2UcEluWoKJleUw&si=b4cUadH4V4DqgIcC
- NOVA release video https://youtu.be/0SKDEkaTXmE?si=E4UDPlT5UzCNbKFV
- NOVA release article https://medium.com/hydranet/hydranet-nova-testnet-release-69cdfb6a018e
- Website roadmap to be revised and updated, detailed roadmap update coming mid April

You want to win 5000 HDN?
Then check this out: https://twitter.com/TheHydranet/status/1774008045632172402

Hydranet - Nova Release Contest


X/Twitter: https://x.com/TheHydranet/status/1774008045632172402?s=20

We just released our next-gen Hydranet Web3 Wallet "NOVA" and we need your help getting the word out!
https://hydranet.ai/en/web3-wallet

On X/Twitter:
- Post a screenshot of your Hydranet Web3 Wallet NOVA
- Tag u/thehydranet & include #NOVArelease
- Mark 3 friends who you think should test NOVA as well

Next week we will choose 5 winners depending on likes, retweets and impressions!

Each Winner will receive 5.000 HDN!

The End of the event will be April, 6th 2024, 12pm CET.

Hydranet - Lithium Teaser 🔥


X/Twitter: https://x.com/TheHydranet/status/1774385505435636098?s=20

We wanted to drop a small teaser for the community about our Lithium protocol advancements.

#Lithium can open channels and move funds in and out of those channels for minimal gas.
Hydranet has now achieved one of the most competitive solutions for connecting #EVM chains and others like #Solana. 👀

We have gathered months of data and compared it to other bridges to see how we stack up against them.
This is a small preview for our community before we publish our Lithium article, which will take a deeper dive!

Hydranet - Web3 Wallet NOVA Release


X/Twitter: https://x.com/TheHydranet/status/1773782358505693323?s=20

The wait has come to an end and the Hydranet Web3 Wallet "NOVA" is finally publicly available on Hydranet.ai!

Our advanced Web3 Wallet enables users to conduct Bitcoin and EVM off-chain transactions via the Lightning & Lithium networks,
seamlessly managing assets and payments from within both desktop browsers and mobile devices.

With just a single seed phrase, the Hydranet Web3 Wallet provides a secure and convenient solution for storing and backing up all your funds within a unified platform.
Learn everything about the Web Wallet’s current features right here:
https://medium.com/hydranet/hydranet-nova-testnet-release-69cdfb6a018e #NovaRelease

The launch of NOVA marks a significant milestone in the grand vision of Hydranet and will be a key part of our upcoming next-generation #WebDEX!
Our technology will enable cheap, trustless, and scalable cross-chain trading and will eventually revolutionize the way crypto assets are traded!

▶️  https://wallet.hydranet.ai/ ◀️

Become part of the Hydranet Revolution and use the Hydranet Web3 Wallet NOVA today!

Hydranet - Weekly Update #101


X/Twitter: https://x.com/TheHydranet/status/1770199622956577056?s=20

CoreDEX
- LSSD / Vortex harmonization complete, grid strategy working
- Github code to be updated

WebWallet & WebDEX
- FEDE started working full-time, ready to dive into accelerated development
- Issues found by closed beta testers are being tackled and resolved
- Started working on cloud-based backup storage, first version should be ready this week
- Orderbook API prototype has been completed and is ready for review

Lithium
- Unilateral settlement has been finished --> refactored Lithium V1.0 is complete 🎉

Token(omics)
- Personal simulator changes have been updated and are live
- Graphs will display collateral profit and development for Titans and Watchtowers
- Bridge Calculator release scheduled internally

MultiSig
- DAO Forum is done, running first tests now

Marketing
- Social media campaign is being prepared
- Started preparations for CoreDEX trading competition

Hydranet - End Of The Week Update



X/Twitter: https://x.com/TheHydranet/status/1769374585382748291?s=20

- The refactoring of Lithium Version 1 has been finished, achieving significant #gas optimizations! Lithium will render not only trading but also bridging EVM assets way cheaper than many well-known bridges offer today. More on this in the next weeks! 🔥
- NOVA Testers successfully paid the first testnet #BTC invoices using the Hydranet #WebWallet. We are trying to add more testers in the coming week.
- A dedicated page for the Hydranet Web Wallet has been prepared and is accessible here: https://hydranet.ai/en/web-wallet
- We are preparing the first CORE DEX trading competition

FYI: From now on, weekly updates will be published on Tuesday instead of Monday

It writes - No market price available for BTC -> USDT now

Yes,
native BTC to USDT swaps are already live on our Hydranet CoreDEX, you can download the CoreDEX on our official Website: https://hydranet.ai/download
Once the Hydranet WebDEX is live, a downloadable will no longer be necessary and you will be able to trade BTC against USDT and many more EVM tokens directly from within your browsers!

Hydranet - DEV Team Update

Fedeparma has just finished his master's degree course and is now joining Team Hydranet as our second full-time developer! 🎉
His primary tasks will be the development of the upcoming #WebDEX backend.

This includes:
- LITHIUM - a 4-5x cheaper state channel solution in comparison to Connext's Vector
- External Lightning Signer - world's first web implementation
- Lithium Liquidity Providers (LLPs) - world's first off-chain liquidity rental pools

With the rising fees, our product will be the best solution to trade, swap and bridge assets multiple times in a row! 🏆