1/ Co-Founder Coffee Chat #1 Recap
This week's Dev Office Hours session have been taken over by a conversation with LENX Co-Founder @0xpaulc. Below are the key highlights:
https://t.co/rFxACNX2n7
Protocol Designs
Curated by @rooftoppepe
The design is to keep a basic ERC20 on @zetachain, called $zxBTC that can be minted either using $zBTC or $xBTC
As long as there is enough demand for Lending or Staking from both native $BTC and $ETH sides, users can freely use the pool to bridge between Bitcoin to Ethereum using $BTC / $xBTC with $zxBTC
Bullish on @LENX_Finance 🧨
- Omnichain BTC Liquidity Protocol
- Cross-chain compatibility
- Partnered with @fraxfinance & @zetachain
Personally betting on liquidity protocols as it will play a huge role in BTC Defi
How @LENX_Finance is Shaping the Future of Bitcoin on Fraxtal (Fraxchain) ⛓️
Watch The Full Interview & learn more about @LENX_Finance (prev. Renaissance DAO) xBTC, a new decentralized wrapper for native Bitcoin, used on mainnet, Fraxtal, & other L2s ⚙️
Timestamps ⏳
(00:00) Introduction and Background of LENX
(01:10) Capturing Bitcoin Market Share with xBTC
(02:02) xBTC- A Wrapper for Native Bitcoins using ZetaChain
(03:34) The Yield of XBTC
(04:52) wxBTC and its Use in Frax
(06:39) Bridging Native Bitcoins to Fraxchain
(07:26) Generating Yield with xBTC
(08:14) Future Plans for LENX
(09:27) veFXS Strategy and Acquiring More FXS
(10:35) Conclusion and Invitation to Join the Frax Community
With < 16 hours on @FjordFoundry LBP, we thank you for supporting this rollercoaster of a 3-day journey.
Not used to having this much support, we're cherishing every bit of it.
We want to address the most FAQ, so you guys have better understanding of LENX.
Fjord quickly establishing itself as the place to be for projects looking to do a Fair launch/LBP.
@LENX_Finance's LBP already at $2.6M raised and it hasn't even been 24 hours yet. $XD
Builders and ideas rise and fade in #DeFi.
Especially, last 2 years have been so tough for all of us.
If you're reading this, you'd know the ups and downs. It's not easy here, as everyone think as it is. Every piece has to be puzzle-fit to build a protocol.
The only reason we were able to build until now is the ethos that carried us from @fraxfinance and @samkazemian: Positive-Sums.
Today, we were able to pay our debt back. We will continue the legacy.
https://t.co/MbYUZqXt0T