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Hydranet & Make-It Partnership Announcement![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F7YwG8T9%2Fimage.png&t=663&c=AaeDmO7pLeoulQ) X/Twitter: https://x.com/TheHydranet/status/1762840514225713247?s=20Make-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.deBut 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!
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Hydranet - Weekly Update #98![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FKhK0g5s%2Fimage.png&t=663&c=A4OYiprjlEkM-A) X/Twitter: https://x.com/TheHydranet/status/1762234614645473707?s=20CoreDEX- Implementation of new pairs has begun - LSSD and Vortex Bot are being combined - Toobit bots already functional, will be launched after proper testing WebWallet- WebWallet closed beta release preparation is on track (March 9th) - Pricing API and more modals have been completed, will now be merged - Various front-end functionalities have been debugged, fixed and implemented WebDEX- Channel rental manager is making good progress, about 50% done Bridge Calculator- Features and key parameters are being added, waiting for further data - Various Back-end functions installed and tested successfully Lithium- Working on unilateral settlements, aimed to finish this week DAO- Latest tokenomics proposal is live, please cast your votes today: https://snapshot.org/#/hydranet.eth/proposal/0xf5e81fba4aef97188459bc010f633c884ccf4e6da52c1c1177f8bf07885e5860- DAO forum is ready for internal testing CEX Listings- XT preparations for HDN launch complete (Feb 29th) - Toobit preparations for HDN launch complete (Feb 29th)
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Hydranet - Tokenomics Proposal #29Proposal: Update HDN Tokenomics - add HDN Collateral and Fee Distribution Proposal ID: #29 Proposed by: Hydranet core team Date: Feb 23, 2024 @ 07:00 pm UTC Summary:This proposal outlines updates to the Hydranet DEX Network, specifically focusing on the HDN collateral requirements and the distribution model for trading fees. These updates aim to enhance the network's security, efficiency, and overall value proposition for HDN holders and users. Details:1- Background: 1.1 The Hydranet DEX Network has been started and will evolve, with continuous improvements based on community feedback and technological advancements. 1.2 Recent assessments indicate a need for HDN collateral requirements and fee distribution estimations for the future actors in the network (Titans, Guardians) to better align with the network's growth and sustainability goals. 2- Proposed Updates: 2.1 HDN Collateral Requirements: Adjusting the HDN collateral requirements for network participants to ensure network security and incentivize participation. 2.2 Fee Distribution Model: Updating the fee distribution model to provide a more equitable and sustainable revenue stream for network participants and HDN holders. 3- Objectives: 3.1 Enhance network security by ensuring adequate collateralization. 3.2 Increase the attractiveness of the Hydranet DEX Network for new and existing participants. 3.3 Ensure a fair and sustainable economic model that benefits all stakeholders. 4- Implementation Plan: 4.1 Upon approval, the proposed updates will be implemented in phases, with clear communication and guidelines provided to all network participants. Advantages: A- Strengthens the economic and security foundations of the Hydranet Network. B- Encourages long-term participation in the network. C- Increases the overall value in the utility of the HDN token. Disadvantages: A- Potential for slight changes when the network is being built out. Conclusion: The proposed updates to the HDN collateral requirements and fee distribution model are designed to bolster the Hydranet DEX Network's long-term viability and success. These changes are expected to benefit HDN holders, network participants, and the broader ecosystem. Options:The community has the following options: 1- Approve the proposed updates to the HDN collateral and fee distribution. 2- Reject the proposed updates and maintain the current models. Copy of proposed Update to Hydranet DEX Network - HDN Collateral and Fee Distribution:https://docsend.com/view/z98jspia6rw782p7Voting Period:The voting will commence on Feb 23, 2024 @ 07:00 pm pm UTC and will end on Feb 28, 2024 @ 07:00 pm UTC Vote here: https://snapshot.org/#/hydranet.eth/proposal/0xf5e81fba4aef97188459bc010f633c884ccf4e6da52c1c1177f8bf07885e5860Disclaimer:The proposals and projections in this document are built upon estimations deemed reasonable at the time of writing and exist for discussion purposes. The numbers are subject to change, depending on participation levels and other factors that can’t be known until the network is tested in practice. As always, adjustments and tuning will most likely happen and need to be considered when reading. The information in this document is provided for informational purposes only. You should not construe any such information as legal, tax, investment, trading, financial, or other advice.
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Hydranet - NEW HDN LISTING![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FTmZKJX5%2Fimage.png&t=663&c=brsecf0OpnNTDg) X/Twitter: https://x.com/TheHydranet/status/1760699746337907112?s=20As part of our recently initiated growth campaign, we're thrilled to announce that HDN will soon be available for trading on XT.com! This listing marks a significant milestone for Hydranet, providing $HDN a reliable gateway to a huge and well-established Asian market. XT.com accommodates approximately 10 million active users and facilitates a monthly trading volume of around $1 billion. XT will commence HDN trading on February 29th!You can sign up here: https://xt.com/en/accounts/register?ref=SGX5BCStay tuned in the upcoming weeks for more exciting news and further listings on the horizon - maybe even sooner than you think! https://youtu.be/LxiZumZb4Rs
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Hydranet - Weekly Update #97![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FStPWH98%2Fimage.png&t=663&c=LZ8WoQovGgx4lQ) X/Twitter: https://x.com/TheHydranet/status/1759694490200158325?s=20Core DEX- #LSSD work has been completed - Vortex bot undergoing final review with Fedeparma this week - Optimal pair additions being investigated Web Wallet- Pricing API complete and being reviewed - Continued work on channel rental manager Web DEX- Continued work on orderbook API Tokenomics- Tokenomics update will be published for DAO vote soon - Implementation in network simulator is being scheduled accordingly - DAO Forum is close to team review and release Marketing- Bridge comparison and article is being drafted - Various activities are being planned - stay tuned!
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Hydranet Web Wallet - Public Release Date NOVA - 29th March 2024![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FN9WSRTd%2Fimage.png&t=663&c=68ssKcBQnS2maw) X/Twitter: https://x.com/TheHydranet/status/1757791650821066929?s=20We are excited to announce the official release date of NOVA, the first iteration of Hydranet's next-gen WebWallet!NOVA will enable users to seamlessly perform off-chain transactions - not only with Bitcoin but also various EVM tokens - directly from within their browsers, without the need to download any additional client or software. A single seed phrase will suffice to control and backup all your assets. What does this early version of NOVA include? 👇 - Bitcoin on-chain & off-chain actions on the Bitcoin Signet - EVM on-chain actions on the Ethereum Holesky testnet - Wallet page: Manage your assets - Channel page: Conduct off-chain transactions - Transactions page: Track your transaction history - Settings: Customize your preferences - Dark/light mode: Choose your preferred theme NOVA will be available to everyone on March 29th, 2024! 🔥 As a core component of the upcoming Hydranet WebDEX, NOVA will ensure full custody of your funds and provide the most comfortable and convenient off-chain trading experience in the industry.Stay tuned for further news!
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Hydranet Web Wallet - Closed Beta Release Date NOVA - 9th March 2024![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fnf8ckyW%2Fimage.png&t=663&c=y9MOXNq7gnRO4g) Twitter: https://x.com/TheHydranet/status/1756742504693514610?s=20We are very happy to announce the official release date of NOVA, Hydranet's first version of the Web Wallet! This Web3 Wallet will enable our users to seamlessly interact with Bitcoin and various EVM assets within their browsers - entirely off-chain and without the necessity to download additional software! The Web Wallet will be the heart of the upcoming Web DEX, providing users with full custody of their assets, both on and off-chain. With just a single seedphrase, you will be able to control and back up all of your assets. NOVA will include:- Bitcoin on-chain & off-chain actions on Bitcoin Signet - EVM on-chain actions on Ethereum Holesky testnet - Wallet page - Channel page - Transactions page - Settings - Dark/light mode NOVA will be made available for closed beta testers on March 9, 2024! Stay tuned for more information, including the public release date! 🔥
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Hydranet - Weekly Update #95 WebWallet- Working on EVM Offchain modals (backend not implemented yet) - Working on "Sending Modals" - Started implementing price API - Hydra Node API upgraded We will have a call about the date of first closed beta release end of this week.Lithium- Working on subgraph indexer for Lithium Tokenomics- We will propose an initial fee distribution and HDN collaterals later this week - Corresponding Article is being drafted Marketing- Article for bridge comparison is being drafted - Professional Marketing agencies have been contacted - Monthly Recap #20 has been published: https://medium.com/hydranet/hydranet-monthly-recap-20-january-2024-4a1189694357
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Hydranet - Monthly Recap #20Dear Hydranet, ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F4YrdvbL%2Fimage.png&t=663&c=pPgpbqYgiD6lZA) The first month of 2024 flew by, progressing us further on our journey. While the LSSD (Lightning Simple Swap Daemon), also known as the Core DEX API, was released to a closed testnet group, the Web Wallet underwent several updates based on team feedback. We were also delighted to welcome a new full-time developer who will play a pivotal role in advancing the Web DEX backend, along with the release of the Hydranet Litepaper. Read about this and more in the January monthly recap. Your continued support fuels our momentum, and we look forward to sharing more milestones and innovations in the coming weeks and months. https://medium.com/hydranet/hydranet-monthly-recap-20-january-2024-4a1189694357
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Hydranet - Weekly Update #93![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FnzzsMHp%2Fimage.png&t=663&c=cbK2IBCVaThl_A) Twitter: https://x.com/TheHydranet/status/1749528610799596013?s=20Core DEX- #LSSD tests going great, the general update will follow soon - Once LSSD is stable, the refer cent #bot will be rolled out to testers New pairs will be added once this is done!Web Wallet- All (internally) reported bugs have been resolved - Refactoring of modals is in progress - Continued external #lightning signer work - Onboarding of new dev (Adinael) has been completed and has proven to be very successful. It's great to have him onboard! - Pricing #API should be ready for dev review this week, then get implemented in the wallet Lithium- Gas optimizations have been completed - #Lithium is now ready to be implemented into the #WebWallet Tokenomics- Role descriptions have been updated - Collaterals and fee distribution are being drafted for upcoming team review DAO- Hydranet Improvement Proposal #27 was voted in: https://snapshot.org/#/hydranet.eth/proposal/0x771426ec35dfb2b551c328a7077a40e6a16972fe99efadc7340c97b0fc369d37… Marketing- Hydranet #Litepaper has been published: https://hydranet.ai/Hydranet-Litepaper.pdf… - Major 2024 marketing plan is being drafted and will soon be ready for team review
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Hydranet - LitepaperDear Hydranet! We are thrilled to publish the Hydranet Litepaper, an invaluable asset for engaging with our diverse stakeholders. Whether you're a valued community member, VC, external project or centralized exchange, this document serves as a beacon of information about our ongoing efforts. Within these pages, you'll find the results of our initial round of gas optimizations made on the Lithium protocol and we sincerely appreciate your patience as we conducted the final checks of these results before sharing them. https://hydranet.ai/Hydranet-Litepaper.pdf Stay tuned for more updates as we continue to advance and spread the word about our groundbreaking project!
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Hydranet - DAO Proposal #27Proposal:Hydranet Multi-Sig Re-Election and Responsibilities Proposal ID: 27 Proposed by: Hydranet Multi-Sig Date: January 16th, 2024 @ pm UTC Summary:This proposal is for the re-election of the Hydranet multi-sig members, outlining their individual responsibilities. The DAO community is invited to participate in the voting process to re-elect the multi-sig representatives. Background and Current Situation:1.1 The multi-sig members play a crucial role in the governance and operational security of the Hydranet DAO. 1.2 Regular re-elections ensure that the DAO continues to be represented by members who have the community's trust and support. Legal Implications and Risks:
2.1 The multi-sig members are responsible for key decisions and the security of DAO assets. 2.2 Community participation in this election is vital for maintaining a transparent and democratic governance process. 2.3 Current multi-sig are doxed to the foundation, and any future multi-sig will be required to do the same. Proposed Representatives:3.1 The following individuals are nominated for the multi-sig positions, with their respective Ethereum addresses and outlined responsibilities: T-Яex: 0x6541765f07987716A3D5b0808780439b5d08427D Content creator, front-end support Smurf: 0x38F18239331Bf4AC8624396820360139c7008D19 Content creator, outreach, foundation books, finance, admin & org support. iPally: 0x17A96132aaE18Dd976840Ad6897944817d460594 Financial/Organization advisor. Nicklas: 0xb553c994EB5E98E643BDbAAa806C15E391C911b8 Finance, Admin & org support, POL support. Tombowl: 0x3bAc9962665bEc7292834ace30bcc640E4E95a97 Outreach, marketing Walleye: 0x5B6e889B05D5a23C8f1E19Ed9E54B4f03dF01c51 Multisig lead, legal, POL management, finance, admin & org Voting:4.1 Each DAO member will have the opportunity to vote for the multi-sig members. 4.2 The voting will be conducted through the DAO's standard voting process. Benefits of the Proposed Approach:5.1 The multi-sig members are crucial for the future direction and governance of the Hydranet DAO. 5.2 All DAO members should exercise their right to vote and contribute to this important decision. Action Items:6.1 Review the nominees and their contributions to the DAO. 6.2 Engage in discussions about the nominees if needed. 6.3 Cast your vote during the voting period. Voting Period: 7.1 The voting will commence on January 16th, 2024, at pm UTC and will end on January 21st, 2024 @ pm UTC. https://snapshot.org/#/hydranet.eth/proposal/0x771426ec35dfb2b551c328a7077a40e6a16972fe99efadc7340c97b0fc369d37
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Hydranet - Weekly Update #92![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F2cPh67g%2Fimage.png&t=663&c=vFNc4brhfXPatQ) Twitter: https://x.com/TheHydranet/status/1747367591604076886?s=20Core DEX:- Fixed various small #LSSD and orderbook issues - LSSD testing will continue this week, if there are no new bugs, release to public afterward - Continued working on the grid #bot, will be released to closed beta testers this week - Started research on how to make Vector #cheaper and faster The combination of LSSD + #trading bots will enable everyone to provide #liquidity and trading volume at the Core #DEX.Web wallet:- Finished bug fixing mostly - Continued UI revamp for better mobile UX - Started working on external signer The external signer is a crucial part of the Web Wallet and DEX, as it will allow #BTC📷 payments for trading from a web wallet - a world's first. Lithium:- Finished latest gas optimizations simulations for #Lithium, overall work should be done this week Tokenomics- Started breaking down all relevant actors to determine a possible $HDN security collateral Marketing/PR- Hydranet #Litepaper will be released this week - thanks for your patience! - Started drafting a bigger marketing plan for the next weeks/months
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Hydranet - Weekly Update #91![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FSwhrhF6%2FHydranet-Weekly-Update-91.jpg&t=663&c=65z7CSLp3GElzg) Twitter: https://x.com/TheHydranet/status/1744456786801786934?s=20Core DEX- released LSSD, tests working well so far https://github.com/hydra-net/hydranet-lssd… - preparing to release a Core DEX bot reference implementation in January, so everyone can run his own Core DEX bot - Core DEX continues to run very stable Web Wallet- released Alpha version (testnet) to team - reported bugs being fixed - feature requests are being implemented - started optimization for mobile usage - will start preparations for limited closed beta release after these tasks are done Team update:Adinael, a new full-time dev, is currently onboarded, he will work on the Web DEX orderbook. This will increase future development speed by a lot, to make the revolutionary Web DEX even sooner a reality. Tokenomics- released https://simulator.hydranet.ai- will start researching DEX revenue distribution for Titans, Guardians, Treasury, and Strategic Liquidity DAO- DAO vote 26 has been successful https://snapshot.org/#/hydranet.eth/proposal/0x9a6210aaca0d512c362cdd560d69df9e3f59fb76e9e130a3e10357690e8bb3c0… - contacted more VCs Marketing / PR- released yearly Recap https://medium.com/hydranet/hydranet-yearly-recap-2023-caf2c57a0d9b… - Updated the Roadmap according to achieved goals in 2023, see https://hydranet.ai/en/roadmapThis update covers all activities since the last update. As announced, we will now resume with our regular weekly updates.
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Hydranet - Roadmap 2023 End Of Year Update![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F3vZjf4C%2Froadmap-2023.png&t=663&c=9nkB_cmwHwNz3g) Twitter: https://x.com/TheHydranet/status/1743308322575393163?s=20The following goals have been mostly achieved:- MARKETING AND PR - HDN TOKEN - RESEARCH AND DEVELOPMENT - ORGANIZATION - CORE DEX - OPEN SOURCING (CORE DEX) - HYDRANET WEB WALLET - HYDRANET WEB DEX Still in progress:- Organization: Litepaper, will be released in the next days What has been changed:- Lithium: switched the goals of Q4 2023 with Q1 2024 as we wanted to have the gas optimizations earlier - Research and development: NEW: working on a visual cost analysis for bridging usecase of Web DEX - Marketing & PR: trading competitions, will take place at Q1 2024 - Core DEX: New Core DEX pairs, will be added in Q1 2024 The update is already being reflected here: https://hydranet.ai/en/roadmap
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HDN Tokenomics SimulatorTwitter: https://x.com/TheHydranet/status/1742172180413046965?s=20In the past weeks we have been working on a visual tool that will allow users to simulate a broad spectrum of HDN Tokenomics scenarios, both general and personalized. The simulator is designed to enhance understanding of the dynamics and interactions among various components as outlined in the latest $HDN Tokenomics 1.5. We're excited to present two distinctive features: Network Simulation:This advanced tool allows users to conduct small-scale experiments to test how specific conditions affect the Hydranet ecosystem. You can create hypothetical scenarios and analyze the potential impacts on different stakeholders within the network. Personal Calculator:The personal feature enables you to estimate and calculate your potential future #rewards from operating a Hydranet #Titan (Hub) or #Guardian (Watchtower) within the network. Preview: https://youtu.be/-fLf3uax6yEYour feedback is an invaluable asset to us and will be essential for further developing this tool, so please feel free to test the simulator thoroughly and make sure to provide your feedback! Please note that both the Network Simulation and Personal #Calculator are still in development, and we anticipate releasing further updates in the future. Check it out for yourself here: https://simulator.hydranet.aiThe latest Tokenomics can be found here: https://hydranet.ai/en/tokenomics Important Note: The simulator page is for experimental purposes only, predictions cannot be guaranteed
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