Hydranet, a Decentralized Autonomous Organization, has released the Hydranet DEX, a Layer 3 trading platform that integrates multiple off-chain protocols to enable trustless, cost-effective and near-instant cross-chain trading. The platform comprises a self-custodial wallet, a state channel management interface, and an order book for trading on its Layer 3 exchange. It currently supports four trading pairs, bridging the Bitcoin, Ethereum and Arbitrum blockchains.The Hydranet DEX is secured using Hashed TimeLock Contracts (HTLC) which guarantees that trades are completed in accordance with what is agreed upon, or not completed at all if either one of the trading parties attempts to manipulate the trade. It also offers near-instant transaction times, minimal-to-no transaction fees, high level of privacy and trustless operations.The Hydranet DEX is available as a downloadable desktop client from Hydranet’s official website. Users can learn more about Hydranet and the Hydranet DEX at Hydranet’s official website and stay updated on their announcements by joining Hydranet’s Discord and Twitter.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇩🇪
Sentiment	positive
Relevance Score	10
People	Nico McFinity, Joe Park
Companies	Ethereum, Connext Vector, Arbitrum, Hydranet, Bitcoin
Currencies	Ethereum, Aave ETH v1, Hydranet, Bitcoin, Aave USDT
Securities	None