Hydranet (HDN) - World’s First Layer 3 DEX - Connecting BTC to ETH

[Hydranet HDN]

Hydranet - Weekly Update #121


X/Twitter: https://x.com/TheHydranet/status/1821668475879690382

Core DEX
- The last servers of the Core DEX have been shut down, significantly reducing ongoing expenses.
- Philipp can therefore focus 100% on the WebDEX development and has already pushed some code.

Web3 Wallet
- The channel rental UI is almost finished and ready for the first team tests.
- #Lithium V2, along with many improvements, will soon be available to everyone.
- Work is underway to fix reported bugs.
Channel rentals are a crucial and central element required for swapping assets.
Once this is live for closed beta, we will have achieved a major milestone on the road to the Web DEX.

Web DEX
- Working on fixing edge cases when providing liquidity.
- Will begin creating documentation for the order matching logic this week.

The order-matching logic and swap engine will be the very last major tasks that need to be solved before we can begin realizing the first swaps.

[Hydranet HDN]

Hydranet - Weekly Update #122

X/Twitter: https://x.com/TheHydranet/status/1824464724282462497

WebDEX Frontend
- Live presentation of channel rental UI including live $BTC Channel renting took place internally
- Started preparing guides for public #Lithium v2 tests
Channel Rental will now be moved to code review, then be tested by team & closed beta testers

WebDEX Backend
- Lithium channel invoices being updated so EVM funds can be used for channel payments
- Rental Manager and HydraApp log-on logic is being improved
- Latest orderbook code and order matching engine documentation have been reviewed
- Started setting up all micro services on our own, to limit any 3rd party dependencies
- Testnet Hub automations, central monitoring setup and logging have been improved
- Self-hosted #Bitcoin node has been setup and proven to be a viable replacement for http://memepool.space hydra-app and hydra-proxy
- Rapid-Gossip-Sync server is currently being setup
- Faucet is being rewritten for improved compatibility

WebDEX Orderbook
- Significant progress on liquidity providing logic
- More order scenarios, including inverted pairs, have been identified, resolved and implemented
- Improvements to Rental Manager Logs have been implemented
- Matching engine development has been started

Check out the Hydranet July Recap #Article:
https://medium.com/hydranet/hydranet-monthly-recap-26-july-2024-1a9921c8ab25

[Hydranet HDN]

Hydranet - Weekly Update #123


X/Twitter: https://x.com/TheHydranet/status/1826671510049677714

Web DEX Frontend
- Channel Rental Manager waiting to be merged
- Lithium invoices completed and successfully implemented
- First backend orderbook connections will be tested next week

Web DEX Backend
- Messaging has been adjusted and updated in order to differentiate between keysend and invoices
- Rental logic has been further improved
- Commenced work on Order- and Swap Service
- Initial Design for Swap API has been drafted
- Evolved Hub deployment automation
- Latest version of faucet bot will be rolled out this week

Web DEX Orderbook
- Continued working on Matching Engine logic for filling multiple orders
- Aiming for first swaps in the next weeks