Here is the Hydranet Roadmap Update: 2023 — 2024 :
2023 Roadmap
Q4 — 2023
Hydranet Client DEX (Core DEX):
Release of an API interface for bot integration
Implementation of trading fee reduction for HDN holders
Add new pairs and tokens (based on DAO votes)
Debugging and fixes of potential bugs
Incremental UI enhancements
Details: The Client DEX, from now on called “Core DEX”, will continue to operate and be maintained (until the Web DEX is in public mainnet), while the focus is transitioned to developing the Web Wallet and Web DEX.
Hydranet Web Wallet:
Development of a proof-of-concept Web Wallet
Demonstration of UI and UX capabilities
Iterative updates and improvements of the UI/UX, to enhance user experience
Launch of a closed beta version on testnet for an initial internal group of users
Integration of additional capabilities based on user feedback and internal testing
Details: Hydranet’s Web Wallet offers on-chain and off-chain activities like sending, receiving, and setting up channels, both for BTC and EVM (ETH, ARB, POLYGON, and more) networks.
Hydranet Web DEX:
Showcase of a proof-of-concept to exhibit the capabilities and advantages of a Web DEX
Release of UI/UX designs
Details: Hydranet’s Web DEX aims to offer off-chain exchange technology to everyone — desktops, laptops, mobile phones alike. This will not only increase accessibility and enable a user base on a completely new level but also improve the overall user experience.
Marketing and PR:
Host Hydranet DEX bug bounty program
Host Hydranet DEX trading competitions
Creation and distribution of informational materials regarding the Web Wallet and Web DEX
Publish Hydranet DEX stats page
Host engaging social media competitions to create buzz and increase user base
Organization:
Update the current team overview
Publish Hydranet DEX Network Litepaper
HDN Token:
Define and describe possible actors in the Hydranet DEX Network, above all Guardians (Watchtowers) and Titans (Hubs)
Publish reward visualization (calculation) tool of the Hydranet DEX Network
Details: HDN should have more utilities than being a simple governance token. Therefore, it is planned to be used as security collateral for important actors within the Hydranet DEX Network. HDN token holders will not only have the power to determine which pairs and tokens are added to the Hydranet DAO Hub but can also assume important roles within the network.
Hydranet’s Lithium:
Research and develop a new EVM off-chain protocol
Add hashlock payment settlement
Add the option to provide trustless channel liquidity
Details: Different EVM State channel solutions, like Connext’s Vector, the Raiden Network, and Plasma, all have different benefits, but also various shortcomings. For instance, the Connext Vector protocol doesn’t allow multiple routing nodes, which is a necessity for a future multi-hub architecture in the Hydranet DEX Network. Hydranet’s Lithium protocol aims to overcome these issues and enable faster, multi-hop off-chain payments.
Research and Development:
Research trustless liquidity provisioning for channel liquidity
Explore and innovate the HDN Tokenomics Version 2.0
Initiate an overhaul of the existing orderbook for enhanced performance and decentralization
Research of an external signer for Bitcoin and Lightning transactions, for increased security and flexibility
Details: To provide users with the best possible experience, we are continuously working to integrate the latest technologies into the DEX. This work requires thorough research and experimentation.
Open sourcing (Core DEX):
Preparation:
Code Review: Ensure no sensitive data is in the code
Documentation: Create necessary guides and protocols
Licensing: Choose a suitable open-source license.
2024 Roadmap
Disclaimer: While future plans naturally grow less precise over time, we’re excited to share our initial goals for 2024. Remember, as leaders in the fast-paced crypto industry, it is expected that milestones might shift, expand, or be replaced. This reflects our dedication to innovation and adaptability. Thank you for your understanding and support!
Q1 — 2024
Web Wallet:
Public testnet release to expand the testing base and gather comprehensive feedback
Release external Bitcoin signer for testnet
Web DEX:
Merging of the Web Wallet into Web DEX for seamless functionality
Commence a comprehensive re-write of the order book to improve performance and enable decentralization
Hydranet’s Lithium:
Add multi-hop routing
Fee optimization of smart contracts to be even more competitive in comparison to on-chain DEXs
Details: Multi-hop routing of off-chain transactions is a necessity for the Hydranet DEX Network to be able to host a multiple-hub architecture. This feature is essential to improve the decentralization aspect of the Hydranet DEX.
HDN Token:
Announcement and presentation of the HDN tokenomics update
Begin implementing the tokenomics update to improve system functionality and value
Research:
Research Hybrid swaps, i.e., Layer 1 <> Layer 2 swaps. For instance, Bitcoin Lightning <> Arbitrum On-chain
Research on-chain governance for HDN token
Open Sourcing (Core DEX):
Onboard More Users
Marketing: Amplify outreach efforts
Tutorials: Offer better user guidance
Feedback: Continuously gather user insights.
Q2/Q3 — 2024
Hydranet’s Web DEX:
Closed beta Testnet release
Implementation of potential additional features (user feedback)
UI/UX updates
Public Beta Testnet
Closed Beta Mainnet Release
Release external Bitcoin signer as Metamask “Snap” (
https://metamask.io/snaps/)
Note: In early 2024 we aim to unite the Web Wallet and Web DEX development into one project only, the Hydranet Web DEX.
HDN Token:
Mainnet deployment of Hydranet Network actors
Implement on-chain governance
Get a security audit of new Tokenomics smart contracts
Hydranet’s Lithium:
Get security audit
Open-source Lithium code
Marketing / PR
Prepare release campaign for the Web DEX
Update 2024 Roadmap
Open sourcing (Core DEX):
Higher Limits
Evaluate Feedback: Ensure platform readiness for the removal of temporary limitations
Update Docs: Reflect any significant DEX changes
Announce Transition: Inform users about the DEX’s increased channel rental and trading limits
Open sourcing (Core DEX):
Repository: Set up, e.g., GitHub repository
Publish Code: Make Core DEX code public with essential documentation
Engage Community: Encourage contributions and issue solutions
https://medium.com/@Hydranet
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