$TAP staking rewards on 𝐓𝐀𝐏 𝐂𝐫𝐨𝐬𝐬𝐃𝐄𝐗 are side-specific.
Example:
a DMT-NAT (on Bitcoin) ↔ USDT (on Ethereum) swap:
Bitcoin-native $TAP stakers earn fees paid in DMT-NAT
Ethereum $TAP stakers earn fees paid in USDT
Stake both sides to earn from both reward streams.
Introducing: 𝐓𝐀𝐏 𝐂𝐫𝐨𝐬𝐬𝐃𝐄𝐗 🔁
Cross-chain swaps on TAP protocol
Your TAP assets and BTC are about to be connected to liquidity across 3 of the largest chain ecosystems!
All permissionless & Self-custodial.
But which 3 chains are we announcing today? 👀
Implementing End of Emissions, Token Buyback & Burn, Closure of TGP
Following approval of the ALEX governance proposal, the next steps are as follows:
🔸 End of Emissions
Farming and staking rewards will conclude at Cycle #409, 32 cycles from the current Cycle #377. After this point, no new $ALEX will be issued.
🔸 TGP Wind-Down
A final 30-day grace period for remaining TGP 2024 claims will run from June 1 to July 1. After this period, TGP 2024 will formally close. TGP 2025 obligations have already been fully discharged.
🔸 Buyback & Burn
Approximately 1.49M STX remains unclaimed in the TGP treasury, subject to reduction as additional claims are made during the grace period. Following TGP closure, these funds, together with future protocol revenue after essential operating expenses, will be used to buy back and burn $ALEX at market prices.
This marks ALEX’s transition from an inflationary token model to a deflationary one.
🗳 ALEX Governance Proposal Passed ✅
The community of ALEX holders have overwhelming approved the ALEX Governance Proposal: End of Emissions, Token Buyback and Burn, Close of TGP ☑️
Finals Results:
✅ Approve: 91%
❌ Disapprove: 9%
What this means 👇
🔸 Full Proposal 🔗 https://t.co/WtUzhsfyYc
🔸 ALEX emissions will conclude, date and details to be announced.
🔸The formal closure of the 2024 Treasury Grant Program (TGP 2024); and the confirmation that all obligations under the 2025 Treasury Grant Program (TGP 2025) have been fully discharged
🔸The introduction of a protocol-driven token buyback and burn mechanism to be announced.
Thank you to all community members and voters for your participation in shaping the future of ALEX.
The TAP Protocol upgrade has been performed will activate at block 952317
Everyone running Ord-TAP will need to perform an update once the upgrade goes live. TAP Reader users don't need to do anything.
Switch on notifications 🔔
As you're going to want to see what we do next 👀
Read more below ⬇️
3️⃣ Days Left to Vote 🗳️
We're nearing the end of voting for ALEX Governance Proposal: End of Emissions, Token Buyback and Burn, Close of TGP 🔗https://t.co/VHZCzdxQS6…
Current results:
✅ Approve: 79%
❌ Disapprove: 21%
Proposal Summary:
🔸 The conclusion of ALEX community emissions
🔸The formal closure of the 2024 Treasury Grant Program (TGP 2024), subject to a governance vote; and the confirmation that all obligations under the 2025 Treasury Grant Program (TGP 2025) have been fully discharged
🔸The introduction of a protocol-driven token buyback and burn mechanism
🗳 Vote Page 👉 https://t.co/7tfd4PfbGM
⏳ Voting Opens: May 17, 02:00 UTC
⌛️ Voting Closes: May 31, 02:00 UTC
💬 Discussion Channel: https://t.co/lRNgJQ0mtQ…
Make your voice count, be sure to cast your vote while there's time.
Bitlight Labs has completed its Bitcoin Infrastructure Modernization — upgrading from Bitcoin Core 28.x to v31.0 and deploying Cluster Mempool across our stack.
Full technical write-up:
https://t.co/FXzslCZXMH
What changed:
→ Cluster Mempool replaces per-transaction tracking with cluster-based evaluation. Transactions are now grouped and ordered by chunk feerate, enabling more accurate block template construction and stricter RBF semantics.
→ Fee estimation precision improved from 1 sat/vB to 0.1 sat/vB — reducing overpayment in low-fee environments for wallets and protocol-level settlement.
→ mempool-electrs upgraded to v3.3.0 with multi-tier fee estimation (fastest / halfHour / hour / economy / minimum), while preserving full backward compatibility with existing electrs endpoints.
→ Private broadcast support via Tor/I2P for transaction relay, reducing originating IP leakage.
→ Default dbcache increased to 1024 MB on 4GB+ systems, improving sync and validation performance.
For RGB Layer2 infrastructure, this means more predictable CPFP/RBF behavior, cleaner fee selection for on-chain settlement, and a stronger foundation for commitment transactions.
Our approach: stay close to upstream, reduce unnecessary abstraction, build where the protocol is actually moving.
Make Bitcoin Smart.