Swap Native BTC to Alkanes on Oyl AMM
Powered by @SUBFROSTio $frBTC
LIVE now: Subfrost enables seamless one-click swaps and liquidity provision using native BTC only on https://t.co/IE9vetuUnK
Remember: Every tx on the Oyl app mints $Diesel
Introducing the FIRE Vault: a DeFi vault built natively on Bitcoin 🔥
Inspired by the most proven vault products on other blockchains, rebuilt and improved for Bitcoin on Alkanes.
0% premine. 100% emission.
This is BETA. Please expect iterations on UX.
Here's how it works 🧵
Indexers should update to
metashrew v9.0.5-rc.9
alkanes-rs v2.2.0-rc.4
Within the next few hours, frBTC will upgrade to fr_btc_v1.2.0.wasm (slim).
DIESEL-precompiled has been delayed for additional review. Updates to metashrew however should improve performance.
Thank you.
What is @SUBFROSTio?
@judoflexchop and I recently spent an hour on stage in China talking about it.
Then our intern (me) spent way too much of his weekend chopping it up into clips like this.
@modenbh_artin bUSD minting has been paused by the Bound team. Please create a ticket on Discord with your ethereum refund address and that team will issue a refund: https://t.co/309q6JDEpG
it’s been a year since i implemented ico mechanism on bitcoin using Alkanes
https://t.co/bygZ1EBRNA a first native Atomic Swap on Bitcoin. This allows a buyer to send Satoshis and receive ICO tokens in a single Bitcoin transaction no bridges, no "wrapped" workarounds
https://t.co/AQ8ty5SIrx
1/ To Alkanes - this is a new chapter.
There is no easy way for me to share this - Oyl Corp will be winding down active operations.
We gave everything to build the first programmable metaprotocol on Bitcoin. Alkanes is live, immutable, and running on L1 forever. It will long outlive our company, in fact, we believe it will create greater value than it ever has in the coming future.
2/ To everyone who clocked in, traded on the AMM, minted Airheads, experimented with Alkanes contracts, or just believed in what we were doing — thank you. This community showed up in ways I never expected.
3/ The AMM contracts are open-source and immutable. They run on Bitcoin. No company needed. They'll keep working as long as Bitcoin does.
The Oyl wallet and frontend will transition to community stewardship led by @SUBFROSTio — and alternative frontends are already live.
4/ Our team isn't disappearing. We're continuing as open-source contributors focused on DIESEL — the asset at the heart of Alkanes, living on-chain forever.
5/ @SUBFROSTio is stepping up to lead Alkanes development and infrastructure upgrades. Their CTO @judoflexchop has been here since day one. Alkanes is in good hands.
In the near future, along with the SUBFROST team, we will announce the official tokenomics of DIESEL, including investor allocations (incl. Whale Passes). As for the Oyl team's DIESEL allocation, we cannot touch it until the asset itself is a success. This will be made clear in the tokenomics.
Long live Alkanes 🛢️
@gungun115474 Yes, your money is safe as long as you refrain from trading Alkanes on PBST market places until the indexer upgrade completes: https://t.co/bQ9YwNzZeL
📢 Please avoid transacting on PBST/Orderbook-style marketplaces until the Alkanes indexer upgrade to v2.1.7 is completed.
This is expected to be within 4 days.
Trading in the meantime could result in purchasing assets that do not exist.
⚠️ We have identified some indexing inconsistencies on Idclub and have reached out to their team. We advise exercising caution trading on their platform until the issue has been fully resolved.
📢 Please avoid transacting on PBST/Orderbook-style marketplaces until the Alkanes indexer upgrade to v2.1.7 is completed.
This is expected to be within 4 days.
Trading in the meantime could result in purchasing assets that do not exist.