Introducing Faza OTC.
Autonomous bilateral OTC & escrow settlement on @arc.
Zero counterparty default.
Cryptographic deal tickets.
Collateralized commitments settled in native USDC.
Show up or forfeit. The settlement layer is live onchain.
• Bond: 0x3e925db0bdcb64991f21a8c32b778c3265b349df on Arc Mainnet, chain id 5042
• USDC: 0x3600000000000000000000000000000000000000
One line: two wallets lock USDC, both show up and get it back, one ghosts and the other takes both.
Faza bond🚨
Faza is a two-party show-up bond on Arc Mainnet. One wallet opens a bond with a title, a USDC stake, and a deadline. A second wallet joins with the same stake. Both check in onchain before time runs out. After the deadline, settle credits each side.
Arc is the point. USDC is gas, so a $0.01 bond is usable. There is no separate gas token and no order book.
Live now:
• App: https://t.co/CVL7GRdub8
• Repo: https://t.co/WVT04GLEG7
Faza is the only protocol purpose-built for micro-commitment enforcement on Arc, using USDC-as-gas to make sub-$1 stakes economically viable for the first time on @arc
Reply to this post with your EVM wallet address for some MON on Monad mainnet.
The MON will cover your first few gas fees so you can start using the chain right away.
You must be following @monad to receive it.
GMonad @monad_xyz
Visited https://t.co/PiMe8xs8cS and did some NFT minting that was seamless.
You can also burn your minted Items, but the platform takes away 30% of your mint fee.
If you minted for 1 MON, you can only get back 0.7 MON when you burn.
GMONAD #MonadTestnet
600k+ NFTs have been sent out
remember this is a non-transferable soulbound NFT to commemorate Monad hitting 1M followers and it holds no value
please be safe and don’t get scammed 💜
https://t.co/JxAVUyBWag