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Hydranet

Description

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Hydranet is a Decentralized Autonomous Organization (DAO) developing the Hydranet DEX, a Layer 3 trading platform that integrates Bitcoin and Ethereum through Layer 2 off-chain protocols like the Lightning Network and Connext Vector Network. This innovative exchange technology allows users to trade between Bitcoin and EVM-based blockchains seamlessly, with near-instant settlement times and low costs, all while maintaining custody of their funds. The Hydranet DEX features a limit order book hosted by the Hydranet Network and a multi-currency light wallet for storing BTC and EVM-based assets.

The HDN token is a utility and governance token used by the Hydranet DAO. It enables participation in DAO governance, offers trading fee reductions on the Hydranet DEX, and serves as necessary collateral to operate essential services within the Hydranet DEX Network. HDN, which runs natively on the Arbitrum One.