Core DEX
The Hydranet Core DEX is the first version of Hydranet’s unique solution. It’s a downloadable desktop client that runs on Windows and Linux machines. It features a multi-currency light wallet, an order book exchange, and a simple swap interface for automated trading. Similarly to Hydranet’s flagship product, the Hydranet Web3 wallet, the Hydranet Core DEX is an off-chain trading solution, combining off-chain protocols to facilitate fast, cheap and trustless cross-chain trading.
The Hydranet Core DEX uses the Lightning Network for Bitcoin and the Connext Vector Network for EVM assets to facilitate off-chain trading, supported by an infrastructure composed of a Hub to which all Core DEX clients connect. The Hub runs the exchange’s order book engine and acts as a matchmaker between trading Core DEX clients. It also runs a channel rental manager, offering inbound liquidity for trading Core DEX clients.
The Hydranet Core DEX is not browser compatible and cannot be accessed via the web, nor does the Connext Vector Network support multi-hop transactions posing problems to realize a decentralized network. Recognizing these shortcomings was the catalyst of the Hydranet Web3 Wallet development. Nevertheless, the Hydranet Core DEX is the proof that Hydranet’s unique off-chain trading solution is functional and delivers on its advantages.
The Hydranet Core DEX was shut down on July 31st, 2024, in preparation for the Hydranet Web3 Wallet. If you’re curious about the features and functionality of the Hydranet Core DEX before its closure, we invite you to take a look at the following videos.