leafmaxi retweeted
Transparency is the key.
We will prove by usage that the operator's responsibility should go directly to full nodes.
Anyone should be able to run CRC-20 on Bitcoin today and earn from the protocol incentives.
The last meta on Bitcoin ๐ฑ
leafmaxi 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 (๐ฑ)
leafmaxi retweeted
When will we have covenants on Bitcoin?
26%2027
22%2028
13%2029
38%2030
283 votes โข Final results
leafmaxi retweeted
I present to you the โLilโ Strategyโ ๐ฑ๐จ
New addition to the @merklemonkey CRC21 project.
I present to you the โLilโ Strategyโ ๐ฑ๐จ
leafmaxi retweeted
JUST IN: The first 100,000 $PAPER have been minted.
> 727 pumpologia operations
> 61 profitable traders
> 2 users above $10K PnL
โฌ ๐๐๐๐๐
๐ง ๐๐๐๐ก
๐ All earned through Proof-of-Win.
leafmaxi retweeted
A native Bitcoin L1 DEX built on covenants
๐๐ ๐๐ข๐๐ก๐๐ ๐๐ ๐๐ข๐ ๐ก๐๐๐ฆ.
๐๐ ๐๐ฅ๐ก๐๐ ๐๐๐ฆ๐๐.
๐๐ ๐ก๐๐ข๐ ๐ก๐๐ ๐๐๐๐๐๐ก๐๐.
Alongside a new set of Bitcoin-native concepts and primitives.
...and 21,000,000 $PAPER waiting to be farmed.
โฌ๐
leafmaxi retweeted
The Blacknode marketplace is down because the previous developers shut it off and walked away with our funds.
Blacknodeโs marketplace will only be reactivated if the right incentive is there, meaning real organic growth of BRC-20 on Universal, not developer-driven washtrading.
leafmaxi retweeted
BRC-20 has been built to stand alone.
The more you try to contain it, the more it expands. Thatโs how robust systems reveal themselves.
It's obvious, independence is inevitable.
#๏ธโฃ blacknode.co
It's obvious, simplicity is going to win.
