C2H8N2 (aq) + 2 N2O4 (l) → 3 N2 (g) + 2 CO2 (g) + 4 H2O (l)
This is an oxidation-reduction (redox) reaction:
2 C-I - 10 e- → 2 CIV (oxidation)
2 N-III - 6 e- → 2 N0 (oxidation)
4 NIV + 16 e- → 4 N0 (reduction)
C2H8N2 is a reducing agent, C2H8N2 is a reducing agent, N2O4 is an oxidizing agent.