Topic: Hydranet (HDN) - World’s First Layer 3 DEX - Connecting BTC to ETH - page 7. (Read 2085 times)

Hydranet - Core DEX Update


Twitter: https://x.com/TheHydranet/status/1723648986463043776?s=20


One of the biggest DEX updates since its release has just been published:

- Various UI updates
- Fixed edge case issue with the corrupted local transaction database
- Last but not least: a 10x increase in trading and channel rental limits!

Download the DEX today and give it a try:
https://hydranet.ai/download

Hydranet - Community Marketing

We're excited to announce the launch of a new TG group dedicated to special social media events, where your engagement will be a vital part of.
That's why we hereby invite all community members who are eager to contribute to this group and the ideas we aim to pursue.

Our dedicated team will oversee event-related activities, as we reach a stage where proactive social media usage will be crucial to enhance Hydranet's reach and visibility!
The Telegram channel is now live here:
https://t.me/+KroKVFs-jSgzYmU0

We would love to have you join us in this special project! ❤️

Hydranet - HDN 1M Trading Volume



Twitter: https://x.com/TheHydranet/status/1722985391899205814?s=20


What many may have dismissed as unthinkable just a few weeks ago, became a reality today.
Hydranet HDN has just broken through the important 1M Volume Mark, proving itself to be a top performer in the Arbitrum Network.

Thanks to all our loyal HydraLords for celebrating this important milestone with us today. 🐍🎩🥳

Stay tuned, because Hydranet is just getting started! ❤️

Hydranet - Weekly Update #83


Twitter: https://twitter.com/TheHydranet/status/1721622786903269793?s=20


CoreDEX
- Channel Rental and Orderbook limitations will be raised to $1000
- Fixed wallet issues with scaling, transactions and more, new version soon to be released
- LSSD got more fixes, but not final yet
- Stats API finalized and moved to the implementation phase

The new limitations are a whopping 10x increase in comparison to the current state!

WebDEX
- Continued work on WebWallet frontend
- Continued research on orderbook rewrite

Lithium Network
- Working on gas optimization

Tokenomics
- Started research on possible Titan/Guardian supply and distribution

Governance
- Reputation system code is being implemented and improved

MultiSig
We've made some changes to the Multisig team. @mcfinity and @onedeveloper  have stepped down, we instead welcome @smurf.hdn  and @mumblerdev as their replacements. While Onedev is no longer part of the team, he will continue to be a valued member of the Hydranet community. We extend our gratitude to Mcfinity and Onedev for their contributions.

McFinity will still be part of the team, managing social media.

Marketing
- We were invited to the first, but not last X Space by Siva, who are interested in using our DEX technology. Find the whole space episode here:
https://twitter.com/i/spaces/1eaJbgkkLMRxX?s=20 (Hydranet gets introduced at the exact 1:00:00 mark)
- Released our Monthly Recap:
https://medium.com/hydranet/hydranet-monthly-update-18-october-2023-6a457217e3dd
- Started preparing a community member-run group for guerrilla tactics

Hydranet - Monthly Recap #18



With almost one public announcement per day throughout the month of October, it’s hard to deny that this month has indeed been exciting!
We have witnessed the Web DEX being announced, a new roadmap being proposed, a new exchange listing, and a flurry of other updates leaving us desperate for more.
Let’s take a closer look at what this month had to offer in this monthly recap!

https://medium.com/hydranet/hydranet-monthly-update-18-october-2023-6a457217e3dd

Hydranet - Monthly DAO Financial Update
October 2023 operational expenses:

- 245,000 HDN & 2550 USDT: Dex development, RnD 
- 150,000 HDN & 2800 USDT: UI/UX upgrades, backend testing 
- 177,000 HDN & 500 USDT: Project management and development, business plan, compliance, DAO finance organization. 
- 82,500 HDN: & Content Creation, Terms and conditions, marketing management, project support. 
- 1,500 HDN: Community Support

Note: The reason for the higher USDT expenses this month is due to the multi-sig owed devs stables for the last two months, so the expenses equal the last month's missing expenses.

Hydranet - Weekly Update #82




Core DEX
- Preparing to release grid bot code to the public
- Patched multiple bug bounty reports
- Discussing increase of DEX rental limits

Web Wallet
- Started Channel UI development
- Orderbook research continues

Tokenomics
- Provide more info regarding estimated costs to provide different services
- We fixed community - reported bond issues: security audit has been updated accordingly https://sourcehat.com/audits/HydranetBondage/
- Will start finetuning tokenomics simulator UI this week

Governance
- Started research on reputation system (more info to come)

Lithium
- Started gas optimization of Lithium contracts

Marketing / PR
- DAO homepage/forum soon to be completed
- The Dao stat page is being fine-tuned
- HDN got listed on MEXC, you can sign up here https://mexc.com/register?inviteCode=1jfE4

Hydranet - Volume and Liquidity

In the past 24 hours, HDN has already demonstrated an impressive impact on MEXC, achieving over 340,000 USDT in trading volume.
Moreover, the total trading volume for $HDN in the last 24 hours has already reached over half a million USDT. Those numbers will soon be mirrored on CoinMarketCap and CoinGecko as well.

This is a significant step forward for us, paving the way for potential listings on even more prominent exchanges. If you're as passionate about our project as we are and wish to support our progress, we invite you to deposit a small amount and engage in some HDN trades 💸👍
https://www.mexc.com/exchange/HDN_USDT
This could be an excellent opportunity to sharpen your trading skills, as we will be hosting a few #trading #contests in the near future.

However, you should only hold funds on exchanges with which you intend to trade.

Thank you for your ongoing support, and stay tuned for more updates! 🔥

Hydranet - HDN now live on MEXC



Dear HydraLords 🐍 🎩
as of now, HDN has been activated for trading on MEXC!
https://www.mexc.com/exchange/HDN_USDT

We greatly appreciate your support through your recent bond purchases, and we'd like to invite you to further support our team
by using our official MEXC referral code: 1jfE4

👉  https://mexc.com/register?inviteCode=1jfE4 👈

Every bit of support means the world to us!
Thank you for being a part of the Hydranet community!

Hydranet - MEXC Kickstarter HDN Airdrop

Dear HydraLords, MEXC will not only be listing HDN on their exchange, they also offer a huge deal for participants in their MEXC Kickstarter event!
So, for anyone already holding MEXC MX tokens for 15 consecutive days, you can participate in their Kickstarter campaign and win from 352,942 HDN!

Win from a dedicated Airdrop pool of 352,942 HDN!

Find all the details on the official event page of MEXC:
https://www.mexc.com/support/articles/17827791511248



Also, if you plan on joining the MEXC exchange and want to further support Hydranet,
please consider using our official Hydranet referral code when registering: 1jfE4
https://mexc.com/register?inviteCode=1jfE4

Hydranet - MEXC Listing
Twitter: https://x.com/TheHydranet/status/1717845631023108104?s=20




Through the continuous support of our community and the funds raised through related bond sales, the team was able to negotiate an HDN listing on the ever-growing and well-known CEX "MEXC"

MEXC is currently ranked #06 on Coingecko and will open HDN to an even larger audience. Although suggested, MEXC does not require KYC,
it offers easy and comfortable access and is one of the most preferred exchanges for users from North-America, Russia and other Asian countries.
MEXC registers an average of 7.6 Million visitors per month.

https://coingecko.com/en/exchanges/mexc

We are proud to represent our token on another top CEX and will continue to reach out to other major players in the field.


HDN will be ready for you to trade tomorrow at 12:00 AM UTC.   

Note: If you plan on using MEXC, please make sure to use our official Hydranet referral code: 1jfE4
https://mexc.com/register?inviteCode=1jfE4

Please leave only as many funds on any CEX, as you intend to trade! Not your keys, not your coins!

Hydranet - Mid Week Update

Estimated monthly costs to rent or run the required software/hardware for Hydranet DEX network actors:
Guardians: 0-5 USD
Lithium Rental Liquidity Providers: 5-20 USD
Titans: 500-1000 USD

More info:
Due to this great possibility of providing permissionless Lithium channel rental liquidity, the channel rental limits can be increased heavily once implemented. Because the available liquidity isn't dependent on the hub anymore, but on various individuals, offering their assets to provide liquidity.
On the Lightning-Bitcoin side, it is planned to onboard Lightning service providers, which will basically solve channel rental limit issues there.

Treasury Update:
Thanks to huge bond sales, the DAO treasury was able to reach > 100k USD for the first time. We appreciate your support!

Last but not least:
The CEX listing will take place soon, so fasten your seatbelts! 🚀

Hydranet - Weekly Update #81


Twitter: https://x.com/TheHydranet/status/1716525597592023441?s=20



Core DEX
- Continued adding more features to upcoming #DEX stats page
- Some smaller bug fixes

WebDEX
- Finished channels page design
- Started orderbook research

Tokenomics
- Published Tokenomics research update regarding Titans, Watchtowers, and Lithium LP
- Continued working on Tokenomics Simulator
- Started research for reputation/governance system

Marketing/PR
- Started working on Litepaper
- Started working on a forum for Hydranet #DAO improvement proposal discussions
- Upcoming $HDN CEX listing is scheduled for end of this week

This sounds absolutely sick, really wonder why I haven't heard of this before.

When was the project started, and did they do an ICO of some sort?

There are tons of DEX's out there, only one (afaik) that allows you to trade with actual BTC is Thorchain - Seems like they'll get some serious competition if this project succeeds.

HDN Tokenomics - Research Update


Twitter: https://x.com/TheHydranet/status/1716057657881096342?s=20


TITANS:
Future hubs, enabling trading operations on the Hydranet DEX Network, will be called "Titans". They will have a limited quantity and require a significant HDN collateral to be operated, therefore their owners will be paid an appropriate share of the total Hydranet DEX and rental fees.
Titans will provide:
Run full blockchain nodes and provide blockchain data to the light clients
Provide rental liquidity and run an order-matching engine

GUARDIANS:
The Watchtowers responsible for monitoring and safeguarding the Hydranet Titans and all users' state channels, will be known as "Guardians." Their quantity will be larger, depending on how many hubs are in operation, but unlike the Titans, they necessitate a smaller HDN collateral commitment. As compensation for their role in maintaining network integrity and security, the operators will be paid a proportionate share of the Hydranet DEX Fees.
Guardians will provide:
Run Watchtowers for both the Lightning & Lithium networks
Monitor Titans' operations and punish them in case of misbehavior

LITHIUM RENTAL LIQUIDITY PROVIDERS:
We are currently developing the possibility for users to provide rental liquidity to EVM channels within the Hydranet DEX network. Users that choose to establish these liquidity pools for Lithium will further enhance the overall DEX liquidity and will therefore be rewarded with appropriate rental fees. To enforce uptime, we are currently researching if an HDN lockup might be useful too.

Summary:
- TITANS (Hubs) will be paid from DEX fees and rental fees
- GUARDIANS (Watchtowers) will be paid from DEX fees
- Lithium Rental Liquidity Providers will receive rental fee rewards

Governance, trading fee reduction, maximum supply, etc. will not be changed or affected.

More details will be provided in the next weeks and a complete tokenomics proposal will be published soon™️

well, can you back that up with some numbers, like... using the beta parameters?

Same here.

This DEX doesn't compare with any other.

Most DEX's run on the Ethereum chain, and are limited to ETH tokens, ONLY. This means, you can't trade BTC, LTC, XRP, XMR, and many other coins, which run on their own native blockchain.

To combat this issue, they made "wrapped" versions of these, but you'd need to TRUST that the "peg" between wBTC, and BTC stays the same.

Furthermore, when the Ethereum chain becomes congested, (seen in the previous bullruns), the network cannot handle the volume, which sends the gas fees, through the roof.


Hydranets DEX, is trustless, trading between blockchains are near instant (BTC <=> ETH), and the fees are virtually pennies, on the dollar.

Uniswap is running through liquidity pools, they don't offer real BTC, transactions aren't instant, (so you can't run arbitrage bots properly), and the list goes on and on.


Off-chain trading is the key component here. Try and do 50 trades on Uniswap, and tell me what kind of fees you'll pay, then compare those fees with Hydranets solution, you'll find, that you'll save A LOT of money.




This is a DEX, that gets you the feeling of trading on a CEX. It's superior to ANY DEX's out there.

Why do we need another Dex? There are already 8,000 of them that no one uses...

As an HDN investor, I am very glad that you opened a topic in the forum. I've been following you on Twitter, but having you here would also be very helpful.