Hydranet is a decentralized autonomous organization (DAO) focused on solutions that allow fundamentally-incompatible blockchains like Bitcoin and Ethereum to interoperate with each other using Layer 3 abstractions. Layer 3, to Hydranet, is the bridge where differing and otherwise-isolated Layer 2 protocols like Bitcoin’s Lightning Network and Ethereum’s Connext state channel network communicate and exchange information. HDX is an Arbitrum token with governance, fee incentives from network participation, and loyalty rewards.