That time in July 2017 when Craig Wright went on stage & stuck it up everyone's bum is still one of the finest (and Craigiest) moments in #Bitcoin history.
If you've never seen it, do so now - everything that's happened since will make more sense. #BSV
https://t.co/8mxweq5IBX
8 #Bitcoin worth of liquidity for $NUSD (Bitcoin native stable) is now on @dot_swap, a Bitcoin-native AMM.
Growing steadily since inception a few days ago.
Have you heard of #btcfi ?
There is actually swaps now on #bitcoin layer 1! @dot_swap @SaturnSwapIO@FluidtokensXBT@Swapsats_io
There is actually a synthetic dollar called #nusd now on bitcoin Layer 1 !
Let that sink in. Got it?
Your should be locked in on this new narrative
Burned 180,522 NUSD-BRC20 at 8330cd6398e447e0b247c1940073faa167e448ad9f620d2bb5861b4e490e8538
Redeemed 166,700 sUSDe at 0x598237629d6c2f8cf776ddf59eac60f4d6228ee3252584eab98dca1085c3bd46
$1000 USD in $NUSD BTC layer 1 stablecoin yields about $10 dollars PER DAY in profit currently.
You don't have to do any staking just hold it in your wallet.
$BAMK https://t.co/opjRjdFk3E
🔵 DotSwap is now on Xverse mobile App‼️
Swap any amount of #Runes or #BRC20 at any time on your Android or iOS devices with @xverse
Enjoy a #BTC DeFi experience smoother than ever!
🔄 Swap: https://t.co/6kcdkKoEUd
✈️ Join: https://t.co/Q1VAtwxPh8
🔔 Stay tuned for more updates
👇 Tutorial
The second big "DeFi on #Bitcoin" puzzle piece:
Onchain BTC longs and shorts using $NUSD.
No bridge. No sidechain. No central exchange.
Never leave the #Bitcoin chain.
Assuming current DotSwap NUSD/BTC LP TVL of 3.587 BTC remains unchanged
each 1000 NUSD contributed to the LP will yield 45.45 BAMK per block for the next 30 days
This is 6x additional BAMK to the base 7.24 BAMK / block / 1K NUSD yield for just holding NUSD at current 4.3 MM TVL
Looking in on Ethena ...
TVL up to $3.6B and still inching north.
Bodes well for $NUSD / $BAMK (native stable on #Bitcoin using Ethena under the hood) as well as $ENA.