Hydranet DAO is an organization focused on bringing Bitcoin to DeFi – making fundamentally-incompatible decentralized crypto networks like Bitcoin and Ethereum talk fluently. This will be achieved by using a Layer 3 abstraction with EVM-centric smart contracts and state channels, and Bitcoin/UTXO-based off-chain protocols like the Lightning Network.HDX is an Arbitrum token based on the (3,3) Protocol-owned Liquidity model pioneered by OlympusDAO. HDX rewards are generated by bonding funds to the protocol to provide it further liquidity and by staking to help secure the network. HDX will additionally serve as the meta-token of our Layer 3 DEX, being the end recipient of swaps from trading fees and DeFi services. HDX is the platform's utility and governance token, holding the token unlocks a variety of benefits.

Hydranet

Hydranet DAO is an organization focused on bringing Bitcoin to DeFi

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Hydranet Launches Layer 3 DEX: A Game Changer for Trustless Cross-Chain Trading

Crypto Daily

In late 2021, the highly anticipated parachain auction process began on the Polkadot network. During a series of candle auctions, projects competed fiercely for the limited slots to become parachains on this next-generation blockchain.  Winning a parachain slot provided projects with a valuable opportunity to leverage Polkadot’s interoperability and shared security. However, the substantial costs ... Read more

Hydranet HDN

Latest Hydranet News and Social Media Feed

Hydranet Launches Layer 3 DEX: A Game Changer for Trustless Cross-Chain Trading

Polkadot Parachain Auction: How Are The Winners Performing After One Year?