Topic: Hydranet (HDN) - World’s First Layer 3 DEX - Connecting BTC to ETH - page 6. (Read 2085 times)

Hydranet - Weekly Update #89


Twitter: https://x.com/TheHydranet/status/1736868547005923665?s=20

Core DEX
- Surpassed 1 Million USD trading volume!
- Planning to release LSSD this week to closed beta testers, stay tuned

Although a significant portion of this trading volume is attributed to our market maker bot, it serves as compelling evidence that our product is working as intended,
with the bot achieving a close-to-100% trading success rate. For more DEX stats see https://stats.hydranet.ai/
Web Wallet
- Bitcoin off-chain send/receive completed
- Bitcoin invoices sent via multi-hop through the hub
- Started working on Lightning external signer

More news regarding Web Wallet is expected to be released this week.

Web DEX Orderbook
- Improving oversight for components and backend connections
- Redefined structure and order flow

Lithium
- New gas optimizations and refactoring are almost complete
- It is planned to release final numbers and comparison to current Connext Vector contracts.

Tokenomics
- Refactoring current simulator code
- Work on updated tokenomics simulator / calculator is almost done, will be released to closed beta this week.

Multisig
- Foundation setup should be complete for January 2024 - paperwork is cleared according to legal counsel

Marketing
- WebWallet release campaign is being prepared
- 24-Days-Of-Dexember is still live, don't forget to take your chances!
https://x.com/TheHydranet/status/1736060527309144167?s=20

I recommend this interesting video "Thorchain Dex vs. Hydranet Dex"
Thorchain Dex vs Hydranet Dex. Native Bitcoin trading and transaction fees. https://www.youtube.com/watch?v=8SJsAUx-hJA

Hydranet Core DEX LSSD (API) Update

Twitter: https://x.com/TheHydranet/status/1734900575395840048?s=20


The Hydranet Core DEX has been released, working with chains such as Bitcoin, Ethereum, and Arbitrum, and has effectively shown that we can bridge these chains in a seamless way.
For our Core DEX to become even more accessible, we are working on an API that will allow users to automate their trading to a greater extent.

Since the Hydranet Core DEX needs to be online to keep limit orders up, we are working on a headless (no graphic user interface) version that can run on servers, virtual machines and as docker containers.

This headless version is called LSSD (lightning swap service deamon) and provides an interface with which you can interact with the Hydranet DEX orderbook and place limit and market orders.
Combining this with a trading bot allows you to automate you trading using a strategy of your choice.
With the release of the LSSD, we will provide a reference implementation for how a trading bot can look like and be set up, using the Core DEX LSSD.

Keep in mind that there could be some functionality still missing, some of which are being worked on right now, for instance, features related to channel interactions.
With that being said, we would also like to highlight that we already have a working version operated by the DAO to provide liquidity on the Hydranet DEX orderbook.

Closed beta testers might be able to test it already next week - stay tuned!

Hydranet - Weekly Update #88


Twitter: https://x.com/TheHydranet/status/1734352436884537574?s=20

Core DEX
- LSSD in final testing phase, trading/swapping very stable
- We will provide more info here in the next days. Stay tuned!

Web DEX
- BTC invoice send/receive complete
- Proxy Server for explorer API and Websocket being implemented
- Continued with Orderbook API and architecture planning

Tokenomics
- ELO system halted for now after community concerns regarding complexity and to keep the focus on the upcoming products
- Work on Hydranet DAO Forum continued
- Tokenomics 1.5 successfully voted in and added to website: https://hydranet.ai/en/tokenomics

Marketing
- SIVA & WoAS AMA:  https://youtu.be/aKkNIud2Ttc
- Litepaper almost complete, waiting for gas optimization calculations and final design to be implemented
- New influencers are being onboarded

The Hydranet DAO Elo System:
Now that the DAO has approved the tokenomics update, we are excited to bring the Hydranet Elo system up for discussion with the community.
The proposed Elo ranking system is designed to improve decentralized decision-making regarding DAO leadership, Titan / Guardian waitlisting, proposal submissions and more.
The main goal is to decentralize as much as possible while at the same time reducing team liability. Who gets to run the first Titians and Guardians? How do we minimize spam proposals without being a centralized authority?
How do we keep track of who is next in line to run network services if a user is slashed from the network due to not meeting the requirement? Thankfully, we have some large, wrinkly brains working here.

The Elo system grants users a merit ranking weight in the DAO, if they have proven to contribute over time and by acting in the project's best interest.
This implies that users who just recently bought a large amount of tokens will not by default gain unjust advantages. The system will reward DAO members with a proven commitment to push the DAO in the right direction.

Furthermore, your project leaders should be able to show their commitment as well.
Publicly visible Elo scores will give the community peace of mind, and knowing that the DAO representatives are leading by example will only increase trust.

The DAO Forum:
We are currently creating a DAO forum off of our official webpage where all this information will come together.
User profiles backed by your address will connect to proposal submissions, Elo scores, reviews, and more.
We are building the Hydranet ecosystem and doing our best to make it as fair, safe and decentralized as possible.

Join the discussion here:
https://discord.gg/hydranet⁠ / ♟・hydranet-elo-discussion

Hydranet - Tokenomics v1.5 proposal #25  |  Voting results

The DAO Tokenomics update vote has just ended and was unanimously approved by the voters.

YES 13M HDN = 100%
NO  0 HDN = 0%

You can verify the results here:
https://snapshot.org/#/hydranet.eth/proposal/0xd355a01099029f5ff9652dd69511d0f983df5913e178437753205ad20bcd75a9

Following the vote, the team will use our updated tokenomics to guide future advances within the Hydranet network.

More details and progress updates on each item will be published as they happen

Hydranet - Weekly Update #87


Twitter: https://x.com/TheHydranet/status/1731775638854414437?s=20

Core DEX
- Devs continued improving LSSD
- Swap rate stability has been increased
- Minor bug in Vortex/LND has been identified

Web Wallet
- Sending/Receiving BTC via invoices completed
- Improving notifications
- Researching various decentralized data providers

Lithium
- Continued further gas/fee optimization

Tokenomics
- Tokenomics Simulator might come in two versions (basic / advanced)
- ELO reputation system under final review
- Tokenomics V. 1.5 was published for review and public discussion: https://docsend.com/view/avpavh2qrcs2n67t
- Tokenomics DAO vote is live, please make sure to cast your vote: https://snapshot.org/#/hydranet.eth/proposal/0xd355a01099029f5ff9652dd69511d0f983df5913e178437753205ad20bcd75a9

MultiSig / Foundation
- New internal payment system is being rolled out
- Foundation documents have been submitted
- Monthly DAO Update has been released

Bridge Comparison Tool
- Started development

Marketing
- AMA (WoAS / SIVA) in 3 days, make sure to join! Discord-Link: https://discord.com/events/805453662746968064/1176299836660785245
- 24-Days-Of-Dexember Contest is live, 3 winners have already been paid! You can participate here: https://x.com/TheHydranet/status/1730623555698675834?s=20

Hydranet - Monthly DAO Update

Hydranet November 2023 operational expenses:
- 245,000 HDN & 2550 USDT: Dex development, RnD
- 150,000 HDN & 2800 USDT: UI/UX upgrades, backend testing
- 197,000 HDN & 500 USDT: Project management and development, business plan, compliance, DAO finance organization.
- 82,500 HDN: Content Creation, marketing management, project support.
- 1,500 HDN: Community Support

DAO Financial Update:
All HDN rates will be adjusted to USD prices from now on, to ensure the longevity of the DAO treasury.

DAO Organizational Update:
The DAO has seen staff changes this month as 2 multi-sig members have been offboarded, namely McFinity and Onedeveloper.
We thank them both for their contributions in the multi-sig this far, with special recognition for Onedev who is stepping down as a team member.
McFinity's will continue as usual with other team duties.

In their place, we welcome 3 new members:
T-Rex, Smurf and brand new team member iPally to the Multi-Sig!

Read about these changes and more in the Hydranet November Recap:
https://medium.com/hydranet/hydranet-monthly-recap-19-november-2023-e828718e23f8

Hydranet - 24 Days of Dexember Contest


Twitter: https://x.com/TheHydranet/status/1730623555698675834?s=20

Dear SantaLords,
In line with our cherished Hydranet tradition, we are excited to announce the return of our annual festive 24-Days-Of-Dexember Christmas Contest.

Each day, one fortunate participant will receive 1000 HDN, leading up to an exceptional Superdraw on the horizon, where a remarkable 10,000 HDN awaits the fortunate winner on #Christmas Eve

In order to participate, you have to follow a few easy rules:
- Follow our official Twitter-Account https://twitter.com/TheHydranet
- Join our official Telegram-Group https://t.me/hydranetofficial
- Comment, Like and Quote our daily 24 Days of Dexember post with the daily Hydranet Phrase you find on the affiliated banner

Find all the rules here: https://hydranet.ai/24-days-contests

Stay tuned, follow our social media and good luck, everyone

Hydranet - DAO Proposal
Twitter: https://x.com/TheHydranet/status/1730620413506470192?s=20

Tokenomics v1.5 proposal 25:
DAO Approval for updated version of Tokenomics


Vote is now live

Please support the updated version of the Hydranet DAO tokenomics. Voting will last for 5 days.
You can view it now at https://snapshot.org/#/hydranet.eth/proposal/0xd355a01099029f5ff9652dd69511d0f983df5913e178437753205ad20bcd75a9

Tokenomics v1.5 : https://docsend.com/view/sv2pfz8s8434pe9s

Dear HydraLords,

I am curious, what is the latest version of Hydranet CoreDEX for linux? Some still seems to be on 8.1.14...

Btw, xcb or wayland? Contrary to some places, I guess, those forum's users will requires more settings to optimize their experience of lightning speed trading... 

Finally, how can someone make a proposal to the DAO? I would like to propose the creation of our own forum, I prefer this way of displaying information. I find it way more interactive and practical.

Hydranet - Tokenomics Update



Over the past few months, our team has dedicated substantial effort and time to maturing our project's tokenomics. We are excited to share that we have now completed a carefully crafted Tokenomics Update Proposal for public discussion.
These advanced tokenomics reflect our commitment to developing a robust and thoughtful framework for the project's future economic aspects, highlighting the use cases of our HDN token in collaboration with the Hydranet DEX Network and its peripherals.

In this context, we're thrilled to also announce the first iteration of our Hydranet Tokenomics Calculator, which will be released in the coming days.
This powerful tool will allow you to simulate various scenarios, based on different parameters and conditions.

Tokenomics Update Summary:
- Added Titans (Hubs)
- Added Guardians (Watchtowers and further monitoring services)
- Added Lithium Channel Rental Liquidity Providers (LLPs)
- Temporarily removed DEX NFTs

You can read the proposed updated tokenomics here:
https://docsend.com/view/avpavh2qrcs2n67t

Please let us know your questions, ideas or concerns!
https://discord.com/channels/374568694690611202/1178670890490265631

After public discussions and potential adjustments, a Hydranet DAO vote will be conducted to officially vote in the updated Tokenomics.
Current tokenomics can be found here:
https://hydranet.ai/en/tokenomics

We're pleased to update you: The Hydranet CoreDEX is already fully functional and publicly available on https://hydranet.ai/download for Windows and Linux
It enables you to swap and trade BTC directly against ETH

I'm just wondering to be seeing this project the first time, "DEX connecting BTC to ETH" is really a unique one if actually the dream can come through. Are you guys planning to integrating defi on BTC network just as Mintlayer is doing on the Bitcoin network, does your dex serve as a bridge that allows the movement of assets between BTC and eth.

Hydranet - Weekly Update #86


Twitter: https://x.com/TheHydranet/status/1729251988288720956?s=20
 
CoreDEX
- BTC Market Maker deployed
- Working on implementing and enhancing LSSD & Bots

WebDEX
- Mobile Channel Cards successfully deployed
- BTC offchain payment and invoice is being implemented
- Mock nodes in progress

Tokenomics
- Advanced tokenomics update ready for publication
- Further short term project plans are being finalized

Marketing
- Christmas contest in preparation
- Preparing Monthly Recap

Hydranet Foundation
- Foundation ETA has internally been specified, you will soon be updated accordingly

Hydranet - AMA

Join us on December 7th at 2 pm EST for a unique AMA hosted by WoAS, featuring Hydranet and SIVA

This exciting session, led by the energetic Necksus, will spotlight the advanced capabilities of Hydranet's #DEX and SIVAs's engage-to-earn platform.
We will dive into Hydranet's innovative #WebDex and its enhanced features and capabilities, aimed to pave the way for versatile integrations and improved user experience.
Concurrently, SIVA will share insights into their plans for leveraging Hydranet's API, aiming to integrate these powerful features into their engage-to-earn ecosystem to create a more streamlined and secure blockchain experience over many social media platforms. 

This collaboration highlights the mutual benefits of #API integration, emphasizing how both teams can enhance each other's platforms, offering users a more efficient and versatile experience.
The session also aims to explore the future of blockchain transactions, simplifying complex operations and unlocking new possibilities in the blockchain space. 

Your participation is key, as your questions and insights will contribute to shaping the future of blockchain technology and its diverse applications.
Mark your Discord calendars and select "Interested" to be notified and be part of this exciting journey into the world of advanced blockchain integration! 

Wolves Of Alt Street Discord invite link:
https://discord.gg/wolvesofaltstreet

AMA Discord invite link: 
https://discord.com/events/805453662746968064/1176299836660785245

Hydranet - Weekly Update 85


Twitter: https://x.com/TheHydranet/status/1726701613358665780?s=20

CoreDEX
- #HDN pricing bug fixed
- Newly reported bugs are being fixed in the next weeks
- Continued working on public LSSD/API preparations

WebWallet
- Backend refactoring in progress
- Channel table & mobile channel cards in development

Tokenomics
- Tokenomics Version 1.5 in review state
- Tokenomics simulator was improved
- Reputation System Simulation in progress, visualization complete
- Validating mathematical model and code implementation

Marketing
- Hydranet #Litepaper in review state
- Preparing holiday #Contest
- Released #DEX stats page: https://stats.hydranet.ai

Dear DAO: As we are working on an updated Tokenomics version, we need a striking term for #Lithium channel rental liquidity providers. What do you suggest?

Hydranet - Stats Page Published




After a brief closed test phase, we're happy to announce that our DEX Stats Page has been implemented into our website and is now publicly available.

The stats page enables you to monitor and track the performance and core metrics of the Hydranet DEX.

https://stats.hydranet.ai/

Hydranet - Stats Page Completed


https://twitter.com/i/status/1725146632876851538

Dear HydraLords,
Exciting news awaits! After weeks of dedicated work, we are thrilled to announce the upcoming launch of the Hydranet DEX Stats Page.

This innovative platform has been meticulously crafted to provide you with a comprehensive overview of various crucial aspects, empowering you to make informed decisions within the Hydranet ecosystem and track the performance of your favorite DEX.
You will be able to monitor real-time and historic metrics such as volume, trades, fees, and more.

We are committed to continuous improvement, and we believe the stats page will become a valuable tool for both seasoned traders and newcomers alike, enhancing the overall Hydranet experience within our great community and beyond.

The stats page will initially be deployed to our closed beta group and, once cleared, be revealed to the public eye.
Get ready to see Hydranet elevated with data-driven precision. The future of decentralized trading is just a click away:

Hydranet - Weekly Update #84


Twitter: https://x.com/TheHydranet/status/1724169239664144619?s=20

Core DEX
Released new DEX version with 1k limits (10x increase)
https://hydranet.ai/download 👈
No major issues found during extended testing
2nd grid bot is being setup for orderbook population
Stats page more or less complete, first version will be shipped to beta testers

Web Wallet
Added transactions notifications
Improved end-to-end testing
Continued with mobile UI of web wallet and its tabs

Tokenomics
Backend of HDN Tokenomics simulator page has been refactored

Marketing / PR
Scam Discord link was removed from CMC
Fee/Cost calculator to showcase the bridge usecase of Hydranet technology is in development
Community Guerrilla Marketing TG Group established
Join here: https://t.me/+KroKVFs-jSgzYmU0 😉

HDN broke 1 Million USD daily trading volume for the first time! Thanks to everyone who is supporting the DAO!