$UNGA migration to @opnetbtc is officially complete.
Final stats:
• 62% of the supply claimed by eligible holders
• 38% returned to the community treasury
The treasury will be used for LP, incentives, giveaways & CEX listings.
Bright days ahead for the Unga tribe✊
Week 2 of the MOTO economy 🐈⬛🛵
The ecosystem is expanding. The numbers are growing. More pairs, more farms, more builders, more liquidity on Bitcoin L1. All routing through $MOTO.
Here's everything that happened in 7 days 🧵
Introducing sBTC, the programmable Bitcoin layer.
sBTC (SLOHM BTC) brings native DeFi-ready Bitcoin liquidity on @opnetbtc without breaking its core design.
Fully backed by @TheTNetwork tBTC reserves, with clear separation between circulating liquidity and treasury reserves.
Learn more: https://t.co/GaYT9BNnjj
The $MOTO economy has started 🐈⬛🛵
One week ago, native DeFi on Bitcoin was just a thesis. Today there's an entire ecosystem forming around it.
Builders shipping, traders trading, projects launching with $MOTO as their base pair.
Here's everything that happened in 7 days 🧵
In less than 2 weeks, @opnetbtc has hit over $26M+ TVL on Bitcoin L1.
This accounts for almost 10% of TVL across all Bitcoin L2s and is higher than most, even @MerlinLayer2.
And the best part? This is pure Bitcoin L1 TVL, not Layer 2 TVL.
Bitcoin’s $1.3+ trillion in value is waking up and we’re just getting started.
Creator rewards killed tokens.
When devs get paid regardless of what happens to the token, the game is rigged.
They’re no longer working for their bags. They’re working for extraction. That’s exactly what happened with @Pumpfun and other creator-aligned "launchpads".
> launch fast
> farm volume
> collect rewards
> repeat
Alts before 2023 had people working for their bags, regardless if the team had supply control or not. If the token died, they lost too so they actually worked for it by pushing marketing, partnerships, community...
@opnetbtc and @Motoswap are going to bring back those vibes, but on Bitcoin L1.
SlowFi season in full force soon. The reset we all needed.