[ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin

[yurez]

Seeking all translatooooors!
Anyone interested in supporting the MCLW by offering translation services for prompts, labels, headers, etc. please reach out to "King of Stake Kilppari" or "StakeKnight of "Ni" Victo" at Discord
More info https://twitter.com/XSNofficial/status/1480657809775775747

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[yurez]

Stakenet: 2021 Recap

Welcome to this short recap of Stakenet’s 2021! As we want to focus on the very important highlights, there will only be one selected item per month.
January: Bitfinex Listing
February: Strategy and Usecase
March: Lightning series
More https://medium.com/stakenet/stakenet-2021-recap-5e21d9314829

[yurez]

A quick update on the technical progress with the MCLW:

The taskforce has done some amazing work recently in regards to the MCLW, from simple typo fixes to complete refactoring in the code. As of last night one of them had a breakthrough with the MCLW while researching Connext interactions between the MCLW & Hub. It appears that BTC/ETH and BTC/LTC now have no technological bottlenecks to prevent them from working. HOWEVER, in an abundance of caution, we would like to continue code review and refactor of the connext interactions on the CLIENT, to ensure functionality is as intended and research ways of making channel creation more affordable. BTC/LTC does not use Connext, and as such can be released with supporting liquidity (and similar trade size restrictions to the BTC/XSN pair).

The real question: "WHEN CAN WE USE WHAT WAS PROMISED?"

As you can see below, significant progress has been made, and subsequent releases will hopefully demonstrate this progress. The forthcoming update will be the biggest patch for the MCLW to date, and as such, we have branded this "relaunch" of the MCLW the Lazarus patch. it will be a technologically more complete MCLW which brings the product a lot closer functionally to what was promised.

"This is great and all but when is it coming"

You already know the answer... When its ready.
We all witnessed the launch issues the original build on the 10th had and do not wish to repeat the same mistakes that the launch had.

https://t.me/StakenetUpdates/387

[yurez]

BTC/LTC pair has been enabled in the Dex.

The task force has identified a critical-path feature set for the next major release (aka "Lazarus"). Please see below for details:

- Required -

1. *Setup a staging/testnet hub for task force testing to allow for more efficient internal testing of BTC/ETH and BTC/LTC* - This hub may expand in use depending on testing & development need.
Status: Initial hub setup is complete; minor configuration modifications still need to be made to connect the wallet to the hub directly

2. *BTC/ETH being fully debugged and launched on the MCLW*
Status: Awaiting completion of testnet hub, to allow for additional internal testing of channel open/close/rental, etc.

3. *Translations covering 75% of the dex in a minimum of 3 languages.*
Status: On track - 3 languages mostly complete with potentially more coming soon.
More info: https://t.me/StakenetUpdates/390

[yurez]

Reminder - the Stakenet Cloud service will be shutting down February 28, 2022 in preparation for the chainswap. In order to ensure your funds are secured, you will need to withdraw all coins from the Stakenet cloud and self-custody them using the Core wallet or Multi-Currency Lite Wallet (MCLW/DEX).
More info https://twitter.com/XSNofficial/status/1496899240500543491

[yurez]

The new HYDRA contracts have officially been launched—you can begin swapping XSN into HDX (Hydra) at the swap portal here: swap.hydranet.ai

The portal will be open until 30/06/2022, after which you will no longer be able to convert the existing XSN into Hydra.

full information: https://twitter.com/XSNofficial/status/1502977965994426372

[yurez]

Important reminder!
- send a withdrawal request from the email associated to your stakenet cloud account 
- include in the withdrawal request the XSN address where the XSNs should get sent to

You have only this month left.

https://twitter.com/TheHydranet/status/1505133525439295489

[yurez]

Why did we swap to HDX (Hydranet)?
As there's been a lot of questions regarding the reasoning for the chainswap, we wanted to take the time and post extra information on how this decision came to be. Hopefully, this can give more understanding of why things were prioritized in certain ways and some insight into the decision-making and rationale.
https://medium.com/stakenet/why-did-we-swap-to-hdx-hydranet-f1ff8aa45341

Hydranet: Swap Guide
Guide how to swap your XSN coins to HDX tokens
https://medium.com/stakenet/hydranet-swap-guide-b719eac388cc

[yurez]

EVM Team Update #2

Frontend:
What has been done:
- error handling
- icon fixes
- investigation refactoring /migration to ContextAPI
- brand website v1 for Hydranet
- UI fixes on the current Hydranet website

Next week:
- fill hydranet new website with content
- fix API debounced API calls on the bridge
- analyze bridge for release candidate
- if possible: better errors message on the bridge

Backend:
- preparation and testing of DAI bonds for hydranet protocol
- swap support
https://twitter.com/TheHydranet/status/1507689463748694019

[yurez]

Good morning/day/night everyone - EVM Team Update #3 is now live!

This week:
- released wETH and DAI bonds, which were a great success. More bonds and also more info about this will be released in the next 1-2 weeks
- added Wallet Connect to the Hydranet page
On the upcoming website:
- added some initial content
- added dynamically the articles

More info https://twitter.com/TheHydranet/status/1510189575091666950

[yurez]

EVM Team Update #4

This week we have been working on:
- liquidity provider bonds
- support and bugfixes on hydranet web
- website migration from WordPress to react
- setup team environment for scrum

Started the voting about getting a new logo: https://snapshot.org/#/hydranet.eth/proposal/0xc6a031ec59c0ffe6976db090014316049af19e795d0fb93e42c287612dae7fed

[yurez]

EVM Team Update #5

This week we have been working on:
- published the first version of Liquidity provider bonds
- Hydranet admin UI
- new Website: added first version of the initial roadmap, linked DEX links, and more
- updated the logo, started updating social media channels

[yurez]

Hydranet DEX: Testnet Release

We are happy to release Hydranet DEX — a DEX with a built-in wallet, off-chain ramp, and Lightning support!

The Hydranet DEX is a Layer 3 cross-chain DEX that utilizes Layer 2 protocols (Lightning Network and Connext) to allow low-fee, trustless, cross-chain swaps between BTC, ETH, and additional altcoins all on one platform.
https://medium.com/@Hydranet/hydranet-dex-testnet-release-b70385535584

[yurez]

As the swap period is nearing its end, please withdraw your XSN from Bitfinex today!
Reminder: The final swap date is 20th May 2022!

If you need a guide, check this one: https://medium.com/@Hydranet/hydranet-swap-guide-33ad3ac8c70f

[yurez]

Hydranet Weekly Update #14

Hydranet DEX:
- we have released a minor HydranetDEX update, fixing locations support and improving the separation of Atlas <> public builds
- internally presented results of finished technical researches 
- started working on the remaining three major orderbook updates

HDX token:
- after lowering the APY in the previous week, WhiteBIT listing was this week's major news
- finished the the coin swap and the last coin burn
- continued technical analysis of tokenomics

Marketing & PR:
- Arbiscan added our logo and social media info, the price should get added in the next weeks
- Coingecko relisted us
- WB pair got added at coingecko and coinmarketcap.com
- released a General Update: medium.com/@Hydranet/hydranet-general-update-951bc71dd37d

- contacted several crypto projects for possible collaborations
- started a dedicated Treasury section at gitbook, which includes more details about the bonds: https://hydranet-1.gitbook.io/hydranet/3-6-multisig/treasury

[Gash]

Liquidity providers are sick from boutade of scams like LUNA and tons of others that already brought this space to the edge. We cant risk trading in these scam chambers. Decentralization is a no panacea against one-man gatekeeping that most people tend to avoid. Its even worse. DEXes are much bigger risk than centralized counterparts. DEXes are not properly vested, run suspicious code and have massive room for exploits.

[yurez]

Tokenomics - HDX DAO Vote #10

We plan to distribute the DEX fees to HDX stakers - more details to be announced later with the Tokenomics release.

As it is pretty standard that one part of users lose access to their wallets over time, their unclaimed fees would get forfeited.

Therefore we have the following question:
Should we move unclaimed fees back to the fees pool after a certain fixed period and distribute them back to active wallets (for example one year) ?
If this vote ends positive, we will have a follow-up about the exact period.
Show more:https://snapshot.org/#/hydranet.eth/proposal/0xa4da869b2417257bda389476c8d9514312f2bceb4d917cab47046e9a151999f5

[yurez]

Hydranet Roadmap Part III is now published!
This update covers:
- Atlas Release: Arbitrum Testnet including HDX
- Phoenix Release: Mainnet build of HydranetDEX
- various DEX bots
- HDX tokenomics, etc.
The goals of this major roadmap update are planned to go live between July 2022 and December 2022.
Read more here:https://medium.com/@Hydranet/hydranet-roadmap-part-iii-6f0fbb3af595

[yurez]

Hydranet DEX - Atlas Teaser

Atlas testers have performed countless aETH / HDX swaps on arbitrum, which has now been completely integrated to the Atlas wallet. Swaps work remarkably smooth

Check it out right here: https://twitter.com/TheHydranet/status/1551612177240449024

[yurez]

Hydranet reached yet another longstanding milestone in July. It has only been 3 months since the Lazarus patch was launched publicly, and it is already reaching its EOL phase. Atlas, the next major update of Hydranet DEX, is now live in closed beta testing. Atlas features several major upgrades and overhauls to the DEX, among which are: Arbitrum integration, aETH, and HDX coin pairs, bot trading, and the implementation of Chainlink (and CoinMarketCap) into the pricing API. All this and more will be explained in further detail below!

https://medium.com/@Hydranet/hydranet-monthly-recap-4-56af7f397d92