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.
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. 🧵
@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.
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.
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
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.
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.
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. 🧵
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.
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.
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.
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.
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. 🧵