Topic: Hydranet (HDN) - World’s First Layer 3 DEX - Connecting BTC to ETH - page 4. (Read 2136 times)

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! 🏆

is it possible to change BTC native to USDT(erc-20) ?
what will be the difference with the Binance rate?

Hydranet - Weekly Update #100


X/Twitter: https://x.com/TheHydranet/status/1767320482309689794?s=20

CoreDEX
- LSSD Interface (resembling CEX orderbook) & Vortex API are being finished, hit some hurdles last week, but found workarounds
- New orderbook version will drop in the next days, including new pair (aETH / ETH)
- New Wallet version with bug fixes will also be provided
- Preparing for ETH Update on March 13th (Dencun)

WebDEX
- Web Wallet has been successfully published to closed beta testers
- Some bugs and UI issues have already been identified and are being fixed as we speak

Tokenomics
- Website got updated according to our recent tokenomics updates
- Simulator is being updated to latest Tokenomics version, currently undergoing bug fixing

MultiSig
- DAO Forum in final testing phase, should be finished in the next days

Exciting to see how much volume you guys are going to pull through the DEX, once its ready as a web-based version. 

Hydranet - Weekly Update #99


X/Twitter: https://x.com/TheHydranet/status/1764767742131851410?s=20

CoreDEX
- Discussed potential LSSD improvements
- Improving existing and implementing new trading notifications
- Implementing market info fetcher for Vortex Hydranet API

We are aiming (!) to get Vortex, our Core DEX grid bot, out to closed beta testers this week, but can't fully promise this yet.

WebWallet
- New #WebWallet release has been published for internal testing
- Minor UI bugs have been found, overall functionality has not been affected
- Closed Beta Group is being prepared, testers can still apply for early testing on March 9th here: https://forms.gle/kWwuRRey4qy2cAwU9
- Open Beta is planned for March 29th

WebDEX
- Orderbook API prototype expected for end of week
- Channel Rental manager continues to make good progress

Tokenomics
- Tokenomics Simulator has been updated (added Collateral in Network simulation)
- Same update pending for Personal Simulator
- New graphs for ROI visualization based on Collateral, Fee Shares, DEX Earnings and operation costs will be implemented

Bridge Calculator
- Start of frontend implementation planned for this week

Marketing/PR
- Finalized collaboration with Make-It for XT, more options are being explored
- Hydranet HDN has been listed for spot trading on
Toobit.com (https://www.toobit.com/en-US/register?invite_code=eVFetj)
and XT.com (https://www.xt.com/en/accounts/register?ref=SGX5BC)
- More surprises are coming, so stay tuned & participate!

Hydranet - Monthly Recap 21


X/Twitter: https://x.com/TheHydranet/status/1764331952847437833?s=20

This year gave Hydranet an extraordinary bonus - one additional day!
To make the most of it, we conveniently got listed on two new exchanges on the 29th of February, making it a day to remember.

Reflecting on the achievements of February sheds light on what will follow in March, Nova, the anticipated testnet release of the Hydranet Web Wallet.
We are fueled with excitement over this milestone which shows we are truly on the uprise.

Thank you for your continuous support! We look forward to sharing more exciting news during March!
https://medium.com/hydranet/hydranet-monthly-recap-21-february-2024-451db7fce54d

Don't forget to sign up for the upcoming closed beta release here:
https://forms.gle/kWwuRRey4qy2cAwU9

Hydranet Web Wallet - Closed Beta Waitlist


X/Twitter: https://x.com/TheHydranet/status/1764270852902732004?s=20

On March 9th, NOVA, the first iteration of the Web Wallet will be released to closed beta testers.
NOVA marks the beginning of a new Hydranet era. 📱

If you want to join, please sign up in the list below!

Thanks for your support! 🤝

Sign up here: https://forms.gle/kWwuRRey4qy2cAwU9

Hydranet & Make-It Partnership Announcement


X/Twitter: https://x.com/TheHydranet/status/1762840514225713247?s=20


Make-it is a professional trading company on the forefront of crypto market making.
They offer various services such as enhancing order book liquidity, spread management, and solutions for price stability across trading pairs and exchanges.

Starting with XT.com, we will collaborate with Make-it, using their order book liquidity solution to enhance the HDN trading experience.

We see this as a valuable collaboration since we not only free up our own funds and team resources from maintaining order book liquidity bots,
but also gain professional expertise and knowledge from a proper market maker company with years of experience in the business.

https://Make-it-pro.de

But we won't stop just here, as expanding make-it's services on further exchanges,
including the Hydranet Core DEX and the WebDEX later down the road, is already being explored as we speak!