DEBNK

Building Bitcoin peer banking ecosystem.

Our whitepaper:

[DEBNK @debnkio]

We have just published the Bitcoin Peer Banking whitepaper.

Our aim is to bring trustless financial products to Bitcoin.

https://t.co/LEtE2BswAx

[DEBNK @debnkio]

@Dash_Memes More like it's a 3rd/4th priority for team members (we never had any funding, so nobody lost any investment). Other teams will prob have a better chance. DLCs seem promising.

[Juraj Bednar🏴💛🌘 @jurbed]

How not to do DeFi: in 10 days, glue together three open source projects you don't understand, but a shitload of money there and wait for system meltdown.

How to do DeFI: base it on bitcoin and lightning. Totally doable. @debnkio. Test on testnet, not mainnet.

[Juraj Bednar🏴💛🌘 @jurbed]

Super interesting episode. I think trustless derivatives like @debnkio will play a huge role, because when shadow banking becomes truly peer to peer, you cannot measure it at all. Although central planning of money is impossible even now.

[DEBNK @debnkio]

@Dash_Memes Hopefully soon.

[DEBNK @debnkio]

@bitmaster177 @DegenSpartan @TradeLayer @moneyonchainok Confirmed, project is indefinitely on hold. But anyone is free to check out our mode of thinking and pick up from there.
I personally would love to see that-@KryptoJoseph

Our WP with link to LN+DLC paper at the end:
https://t.co/TeLIpbn4rx

[DEBNK @debnkio]

@ThatCryptoTO @AmeerRosic To be fair we only explored the possibilities so far. While theoretically great, P2P CFD network on Bitcoin tech stack has still a long way to go to emulate ETH DeFi use cases. But do check our WP out:
https://t.co/TeLIpbn4rx

[Anita ⚡🏳️‍🌈 @anitaonl]

BUC041 - “The invention of Bitcoin is like the invention of writing.” @debnkio want to make stablecoins obsolete with their #DeFi and CFDs on top of #bitcoin. Hear about their plans, use cases and bitcoin in the Czech Republic.
🎧 https://t.co/fMMInOeRss

[Hedge Capital @hedge_cap]

Simplified version of our priprietary FPA algorithm for smaller Hodlers to make more BTC w/o timing the bull market https://t.co/PvqdTp0PLj. Shared freely to Bitcoin community to level up the game with big-shot hedge funds #BTC #Futures

[DEBNK @debnkio]

@Dash_Memes @RyanSAdams @APompliano It is.

[DEBNK @debnkio]

@Dash_Memes Depending on whether we'll be able to secure a development grant. After that, ~6 months to develop a functional, Bitcoin on-chain ready app.

[DEBNK @debnkio]

@lightcoin @ozaki9th Actually yes! P2P, open sourced, decentralized Abra is quite a good description of what we're aiming for with DEBNK.

[DEBNK @debnkio]

1/ We are proceeding to a next phase of making the Bitcoin peer-banking utility come true. Thread. 👇

(TL;DR: we're looking for a development grant to build an OS app for P2P CFDs for trustless, Bitcoin-stack, bitcoin-settled derivatives)

[DEBNK @debnkio]

@lightcoin @ozaki9th Or to elaborate... within a Debnk network, there could be multiple Abras (Daves). Users could choose to enter contracts with them (prob better contract reliability for higher interest rate), or with other peers.

[DEBNK @debnkio]

@lightcoin @ozaki9th Sure. Abra is the central counterparty to all users' positions. We'd like to introduce a completely P2P model without intermediaries. We actually have a code name for someone like Abra in our WP: Dave the financier :)
https://t.co/TeLIpbn4rx

[DEBNK @debnkio]

@jurbed @renepickhardt 8/ For more of our vision, check out @ozaki9th's talk at #hcpp19:
https://t.co/Lev4qnmfTM

[DEBNK @debnkio]

7/ In the future, we'd like to work on the implementation utilizing payment channels. For that, our hacker @jurbed along with @renepickhardt have written a research paper describing P2P CFDs based on LN Discreet Log Contracts:
https://t.co/LTYIWSpUwK

[DEBNK @debnkio]

11/ If you'd like to support us, please contact us through a DM. Questions and retweets welcome.

[DEBNK @debnkio]

10/ To fulfill the vision described above in the purest form possible, we are looking for development grants. We won't promise any token, share or stake. We can only promise to carry out the development and deliver the app.