Ce mec est fou il lache pas et il sort des dingueries quand tu t’y attend pas… au vue de tout les hacks qui tombent de partout. Le futur de la finance est définitivement sur btc
$leaf last meta on bitcoin
DYNAMOX retweeted
10 steps to understand #crc20.
1. bitcoin solved money. it's the best collateral on earth, but it just sits there. it never solved finance.
2. there is a liquidity paradox: to make ur btc work, u always had to give it away. a wrapper, an exchange, another chain.
3. every "btcfi" before took the coin off bitcoin. every time, someone else ended up holding the keys (we all know how that ends).
4. bitcoin made money honest. today, crc-20 makes it liquid. soft covenant is the core idea.
5. ur $btc goes into a vault: a taproot utxo, on L1, with time locks and spending paths bitcoin itself enforces (here, soft covenants).
6. from that vault u mint $axbt, a debt token backed by more $btc than it's worth (110% to 150%), with a (guarantee) term counted in blocks.
7. $axbt moves. swap it for $leaf. add liquidity to the pool. trade it. liquidate matured vaults. while ur $btc stays exactly where it is.
8. the yield: 1% swap fees to liquidity providers. and matured unpaid vaults go to whoever repays their debt.
9. every locked vault counts as tvl. $btc that was sleeping is now working. and u can verify every vault, every lp, every swap.
10. bitcoin where ur coins stay on L1, in ur own utxo, and still become liquid finance. none of it needed a fork. no new opcode. no consensus change.
let's grow (🌱)
Bitcoin defi 🌱🌱🌱
The protocol is running 🌱
+ 143 executed swaps
> 0.345 $AXBT (volume)
+ 69 vaults opened
> 0.1999 $BTC (TVL)
LPs have generated
> 0.00175558 $AXBT + 173,763.78 $LEAF
in trading fees.
And following community feedback:
optional MEV Protection is now available: set an ask price and execute your entire swap only if its effective rate stays within your slippage limit. Fill-or-kill. (Bitcoin transaction fees still apply. Partial-fill swaps remain the default.)
real usage, organic growth and improvements driven by the community. Thank you to everyone joining the experiment 🌱
Ça fait 3 fois que j’annonce de la finance décentralisée sur BTC en 3 ans : Atomicals, LOL, et maintenant Leaf. Mais cette fois c’est la bonne.
J’suis passionné de voir des expériences sur BTC pour créer quelque chose qui a été abandonné par la plupart des grosses têtes de l’écosystème il y a déjà bien longtemps.
J’attends que l’indexer et la doc complète sortent, mais les gars : de vrais CDP sur Bitcoin, un vrai swap avec pool de liquidité. Ça fait pas de bruit pour le moment, que des Chinois dessus.
Mais on est en train de voir naître une vraie DeFi 100% L1 via les covenants sur Bitcoin. Hyper early, y’a eu que quelques dizaines de K de volume sur le swap, mais je pense que ça va finir par faire beaucoup de bruit. 🌱
DYNAMOX retweeted
lock btc in a vault. get axbt.
lock axbt in a liquidity pool. get axbt.
close any axbt vault. unlock btc.
(yield) on bitcoin.
no multisig. no layer 2. no federation.
open to anyone.
highly experimental.
enjoy the soft covenants.
🍀
DYNAMOX retweeted
gm. (coffee).
builders: the $leaf api is there.
integration for exchanges and explorers, all the info.
we're still finishing the global version. the one that scans every ticker. sorry for the wait. thanks for the patience (and the trust). radar: soon.
𝑇ℎ𝑒 𝑙𝑎𝑠𝑡 𝑚𝑒𝑡𝑎🌱
DYNAMOX retweeted
great progress on the experiments. first vaults are in test on mainnet. (as ordinal nfts).
if it holds for 546 sats (ordinal), it holds for 546 btc.
if the tech confirms. (with more btc). that btc can go into the liquidity pools. and from here.. you swap.
🌱
DYNAMOX retweeted
Quick note on the indexer (radar).
Settlement templates are now explicit.
That removes a class of marketplace-fill manipulation.
The protocol is getting smooth. (close to open source).
Monitoring stays on. (every wallet extension, address type, ..., odd path is another case the ruleset had not written yet). Every participant is slightly different.
LFG (leaf fuckin' grows)
📡🌱
DYNAMOX retweeted
the swap is coming (order book is the waiting room). with: the vaults.
look at my banner. swap + bitcoin collateral market together. p2p. spending path enforced by Bitcoin itself. first time on L1 you get BTC yield. trustless.
Imaginons qu'ils réalisent réellement de la defi sur btc, le R/R a 500 k de marketcap et attendre max 1 semaine pour voir potentiellement le premier vrai swap en full l1 sur btc.
