About Hydranet

Hydranet DAO is dedicated to integrating Bitcoin into the DeFi ecosystem, enabling seamless communication between fundamentally incompatible decentralized crypto networks like Bitcoin and Ethereum. This is accomplished through a Layer 3 abstraction featuring EVM-compatible smart contracts and state channels, as well as off-chain protocols based on Bitcoin/UTXO such as the Lightning Network. HDX is an Arbitrum-based token employing the (3,3) Protocol-owned Liquidity model pioneered by OlympusDAO. HDX tokens are earned by bonding funds to enhance the protocol’s liquidity and by staking to help maintain network security. Additionally, HDX serves as the native token of our Layer 3 decentralized exchange (DEX), earning from trading fees and DeFi services. As the utility and governance token of ...