Fez

Building @gosodax

[Scott 🟠 @benny_options]

Ordinals buying and listing through @Satflow - now live on @Bound_Exchange

One step closer to world peace i'd say 🌎☮️

[SODAX @gosodax]

A lot of interesting sponsored posts on "The One-Click DeFi Economy"

Agree with the thesis here:
- Complexity 𝘀𝗵𝗼𝘂𝗹𝗱 live in the infrastructure. Not in front of users.
- Users 𝘀𝗵𝗼𝘂𝗹𝗱 simply choose outcomes.
- Builders 𝘀𝗵𝗼𝘂𝗹𝗱 be able to ship across networks.

[SODA @sodaholders]

Don't miss your chance to migrate to @gosodax $SODA

The timeline is fixed for ICON shutdown and all $ICX must migrate by Dec 31.

A quick Q&A for holders. 🧵

[Scott 🟠 @benny_options]

Key point, don’t sell your Bitcoin

Borrow against it

Don’t be the next Bitcoin pizza guy

[798.eth 🍌🌍☮️🗡️👁️ @798_eth]

很多人看 SODAX 和 Bound，会下意识问一句：BTC 跨链了吗？

答案其实是：没有。

真正跨过去的不是 BTC，而是用户的 intent 和执行结果。这也是 SODAX 最核心的地方。

传统 bridge model 解决的是： 怎么把资产从 A 链搬到 B 链？所以 BTC 进 DeFi，通常要先变成 WBTC、tBTC 或其他 wrapped asset。问题是，一旦 wrap，就引入了托管、桥、合约、赎回等额外风险。用户以为自己在用 BTC，其实用的是 BTC 的映射资产。

SODAX 做的不是这个。

SODAX 是： “用户想用原生 BTC 完成一个 DeFi 结果，我能不能在不同网络上分别完成结算？”

比如用户想用 BTC 换 SOL。在 SODAX + Bound 的结构里，BTC 仍然在 Bitcoin L1 上结算。Bound 处理 Bitcoin 侧的 native BTC 交割；SODAX solver 负责在 Solana 侧交付 SOL，并协调报价、流动性、路径、状态和异常处理。

也就是说：

BTC 没有被桥到 Solana。 BTC 在 Bitcoin 结算，SOL 在 Solana 结算。 SODAX 负责把两端结算协调成一个用户结果。

这就是 intent-based execution 和 bridge 最大的区别。

Bridge 关注 “资产移动”。
SODAX 关注 “结果完成”。

用户表达的是：
“我要用 BTC 换到 SOL。”
“我要用 BTC 进入借贷。”
“我要从一条链的资产进入另一条链的 DeFi 场景。”

SODAX 底层处理的是：

- solver 报价
- 跨网络流动性协调
- 目标链执行
- Bitcoin 侧结算对接
- SDK 抽象
- 状态跟踪
- 超时、失败、恢复路径

所以 SODAX 的价值不是 “支持 BTC 这个 ticker”，而是让 native BTC 变成一个可以被多链应用调用的执行资产。

这是很关键的变化。

过去，应用想支持 BTC DeFi，往往要自己处理 Bitcoin 侧结算、wrapped asset、bridge、目标链流动性、失败回滚和用户体验。

现在，SODAX 把这些复杂度抽象成一个 SDK 和 solver execution layer。开发者不需要自己重建一套跨链基础设施，只需要接入 SODAX，就可以把 native BTC 和 18+ 网络的 swaps、lending、borrowing 连接起来。

所以这件事的本质不是：“BTC 被跨链了。” 而是：Bitcoin 原生结算被接入了一个跨网络 DeFi 执行层。

这也是我觉得 SODAX 值得关注的原因。

它不是在做一个新的 wrapped BTC，也不是单纯做一个 bridge，而是在做更底层的东西：

让多链 DeFi 从 asset transfer，走向结果执行。

[Bound Exchange @Bound_Exchange]

Your Bitcoin setup shouldn't need a flowchart.

Now one account can do it all.
https://t.co/kruBhOatj4 🐇

[David @real_digidavid]

@Chainflip and @THORChain offer native BTC trading as consumer products.

@babylonlabs_io, @StacksOrg and @opnetbtc are working to extend what is possible on Bitcoin itself.

🟡 @gosodax’s position is different by design: a developer integration surface rather than a destination, with native Bitcoin as a primitive inside wallets, DEXs and lending protocols across 18 networks.

[Fez @fezbox]

Great post!

Good questions, let me go through each one.

Do users self-custody?
Yes. When you initiate a swap, an intent is created and your funds are escrowed for a short window until the outcome is delivered. Sodax or its solvers never holds your funds our solvers have to actually deliver the output before anyone it gets the users asset. Once delivery is confirmed on-chain, The solvers receive the original swap amount. Everything settles on-chain and is fully verifiable.

Is settlement on-chain verifiable?
Yes, fully. Even though the solver acts as a coordinator finding the best quote and resettling its books all of that happens on-chain. Nothing hidden, nothing off-ledger.

Is there competition among solvers?
Currently, no there's one solver. But here's what's actually happening inside it: the solver is scanning liquidity across every chain Sodax is connected to, looking at the biggest AMMs on each one. It's working through multiple chains simultaneously, figuring out where it can source liquidity, how to rebalance, what gives you the best rate and then that quote gets passed to you. No off-chain dark pools, no unknown providers. Everything it's pulling from is transparent.

Are permissions transparent?
Yes. The only thing approved in any swap is the exact swap amount nothing more. And the fee structure is fully baked into the quote you see. What you're quoted is what you pay. No surprise deductions, no hidden fees added after the fact.

Are contracts audited?
Yes. Every set of Sodax contracts has been audited multiple times by different parties across all stacks.

Is there a clear recovery path if things go wrong?
Yes, and it's enforced at the contract level. If an intent fails or the output isn't delivered within 5 minutes, unless a partner has configured a shorter window, the original funds are pushed back to you automatically. The intent contract handles this as a default. If the outcome doesn't happen, you get your funds back. No manual process, no support ticket.

[Scott 🟠 @benny_options]

Here's a quick dev update from @Bound_Exchange

✅ Recently fixed:

- Gas fees held back when clicking MAX
- Cleaner BTC wallet display (Ordinals vs Trading)
- Correct address shown for all crosschain sells
- Better crosschain trade tracking
- Optimized bandwidth → fewer "previous trade waiting to be broadcast" errors

🛠 In progress:

- Passkey login fixes
- Wallets connectable to multiple accounts (no more disappearing on old accounts)
- Building our own Ordinal Indexer to improve stability
- Smoother external wallet connect + set-as-default

⚠️ Known issues:

- Charts/trade page refresh lag
- Re-auth required on every page refresh
- Diamond hand rewards not currently claimable
- Virtual blocks slightly delayed vs BTC blocks

🔜 What's next:

- Better app support for users in the East
- Chinese language toggle 🇨🇳
- Improved deposit/withdraw tracking
- More crosschain assets (+ stocks)
- Ordinals listing/buying
- Referral program

[Scott 🟠 @benny_options]

Most lending against BTC happens two ways

- wrap your BTC and put into DeFi on another network
- Hand your BTC to a central custodian

@Bound_Exchange offers a 3rd option, a peer to peer lending protocol built directly on Bitcoin.

[Min 🥤 @minhokim]

It's time for BTCfi. Bitcoin bitcoin:native has been the most-watched asset in crypto since the start, and one of the least useful inside DeFi. That asymmetry is the clearest indicator of how much work the infrastructure still has to do. We didn’t ship native Bitcoin into the SDK to add a feature. We shipped it because the largest asset in the room is the least served by DeFi, and the most widely held by the public.

Native BTC. Self-custody. Swap with 100+ assets on 18+ networks. No-Liquidation BTC Loans. Atomic Settlement.

[SODAX @gosodax]

Ship native Bitcoin for swaps, borrowing and lending in your application.

For more than ten years of DeFi, swapping native Bitcoin for cross-network assets meant a centralized exchange or wrappers in the middle.

Not any more. 🧵

[Bound Exchange @Bound_Exchange]

1/ Trade stocks, crypto, and commodities - straight from your Bitcoin wallet.

No CEX. No custodians. No giving up your stack.

https://t.co/8F3skcb8Wz

[John @whitelabeljohn]

This is exactly the kind of user who has been underserviced in the Bitcoin DeFi space for the last ~10 years (i'm one of them too).

Despite representing over half of the cryptoasset marketcap, only single figure %ages of that reach the DeFi space. Wrapped Bitcoin made DeFi possible, but people want to use it without the trust assumptions.

@Bound_Exchange delivers this Bitcoin-native experience today through the @gosodax SDK. More will follow. DeFi deserves Bitcoin-native assets.

[SODAX @gosodax]

Congratulations on the successful launch @Bound_Exchange

Proud to be partnered in connecting (much needed) Bitcoin to the broader DeFi space through our execution system. And from the volumes through our solver, the people agree.

DeFi deserves Bitcoin-native assets.

[Min 🥤 @minhokim]

If you know, you know… there’s something special developing here… like when you feel you’ve discovered something before anyone else. I don’t know why and how but the Chinese BTC community discovered it early and raving about it.

Exciting times for @Bound_Exchange, BTCfi, and the BTC ecosystem.

[Min 🥤 @minhokim]

Apologies from @gosodax. We clearly underestimated the surge in cross-chain activity and volume for the @Bound_Exchange launch. This is the type of battle testing we need to improve our systems.

There is a reason cross-chain DeFi is hard, which is why only a few players exist. BTC is even harder. This is exactly why the opportunity is so large, underserved, and we’re trying to serve it. Thank you for your patience and understanding.

[Min 🥤 @minhokim]

This is so cool. Best product in the BTC ecosystem. 👏👏👏

[+ath @01573bit]

🐰玩社区，还得是 BTC 生态，公平发射，低价机制开盘的 $BOUND 表现持续稳定！

🔥兔子持仓已经突破 503，价格稳定在 0.6 - 0.8 sats 区间。

交易量依旧嘎嘎猛，平台服务也稳定得一笔，这是属于 Bitcoin L1 网络的即时交易 DEX。

曾经我有多么看好 radFi，经过 Bound 一整天的实战测试后，我现在就更加无比看好 Bound Exchange。

👀因为我越来越确定：

Bound 绝对不是一个简单的交易平台。
如果一个丝滑的交易平台出现在 Solana、BNB、ETH 这些链上，其实不稀奇。因为很多功能可以 copy，可以复用成熟框架，甚至直接基于现有开源代码快速搭建。

但 Bound 不一样。

Bound 是在 Bitcoin L1 上做即时交易、做 LP、做闪兑、做 DeFi 体验。

BTC网络生态没有成熟模板可以照抄，
没有现成开源代码库可以直接拿来用，
也没有前人已经验证过的完整路径。

从产品设计到交易架构，
从用户体验到代码实现，
Bound 几乎都是在从 0 到 1 探索。
这才是它真正牛逼的地方。

Bound 正在证明一件事：
BTC 生态不是只能铸造、不是只能慢必须等待确认、不是只能讲古老叙事。

BTC L1 也可以拥有真正可用、流畅、稳定的 DeFi 体验。

这就是我继续看好 Bound 的原因。

Bound Exchange，一定会成为一个让整个加密市场为之兴奋的 BTC L1 Super DeFi Platform。

#BoundExchange #BOUND #radFi #BTCFi #Bitcoin #Runes $RAD

[SODAX @gosodax]

7 new @arbitrum assets have landed in the SODAX SDK for cross-network builders.

Available for trade to partners, for users across 18+ blockchain networks.

Applications building on SODAX pick them up automatically. 🧵