I've been asking myself for years what does the perfect financial platform look like? It became clear that Bitcoin solves many core problems, but Bitcoin Finance is nowhere near where it could and should be.
Today we share Tanari: the platform we built to bridge that gap๐งต
We are introducing Tanari, the first self-owned Bitcoin financial platform.
Bitcoin gave us the blueprint for financial freedom. But its financial ecosystem never caught up to that vision.
Today, that starts to change. ๐งต
At Tanari, the security of our product is our highest priority and our main focus. In the coming period, we will launch the Tanari app on Citrea mainnet. However, since we are working with frontier technology, we are intentionally taking an extremely cautious approach.
We are confident in what we have built so far, but to ensure the entire system works exactly as intended, we will roll it out in phases.
This means Tanari will first be available to a small group of users, which we will gradually expand to broader communities. You can think of the rollout like circle, with each layer expanding access further.
Finally, once we confirm that everything is working smoothly, we will open the app to the public so that anyone can download it.
We are building for the long term, which means we do not need to rush. Tanari is built to serve the community for years to come and to further push the world's transitions to a Bitcoin-based monetary system.
Now that Citrea is live on mainnet, everyone is asking "When Tanari". The news:
Tanari mainnet is coming, but it wonโt open all at once.
Weโre launching Tanari mainnet in circle, introduced layer by layer, with security and user funds as the top priority! Explanation โ
One of the most important days for Bitcoin's global adoption! Bitcoin base chain is stable and secure, but (by intended design) slow and limited in throughput. On its own, it can never parallel the instant, fast, modern monetary system that all of us need and are used to.
But that changes now! We finally got a new layer that enables the Bitcoin financial ecosystem to compete with the traditional! Citrea, as a trust-minimized layer, enables any use case you can think of in terms of how we can use our BTC.
It gives us a new step in the direction of building a whole network that can, in real and practical terms, compete with and replace the traditional financial system.
I am extremely honored to be building on Citrea, and, with @tanaribtc, contribute to making the Bitcoin future available to all!
1/8 Today, Citrea Mainnet Goes Live ๐๐
We are officially live with the first Bitcoin application layer that enables institutions and individuals to lend, trade, and settle directly on the Bitcoin Network.
Start your journey with Citrea Dashboard: https://t.co/adOsBrrFVb ๐งต
The moment many have been waiting for is here...@citrea_xyz mainnet is LIVE!!
A Bitcoin-secured application layer is now here, extending BTCโs utility while staying anchored to L1 security.
This is a huge step for the entire Bitcoin ecosystem & we couldn't be more excited! ๐งต
@LynAldenContact@StressedRiker It may be their focus, but not their end goal. Marketing current models as god-level tech is obviously false, but that doesnโt mean general long-term danger doesn't exist and that they should not talk about it.
The whole point of Bitcoin is not to be just lines of code, but an innovation that solves real user needs. The (unfortunate) reality is that we are still not measuring everything in BTC, which means that USD value equivalent is top of mind for many.
Citrea just enabled millions to bridge this gap!
Looking forward to it being available in multiple products on Citrea. I can think of a few good candidates ๐
Introducing Citrea USD (ctUSD), the native stablecoin for Bitcoin.
Issued by @moonpay and powered by @m0's stablecoin platform.
ctUSD aims to set a native liquidity standard for the Bitcoin ecosystem and offer banking rails between on-chain BTC collateral and fiat systems. ๐งต
The @citrea_xyz mainnet is almost here, and Tanari will be there from day one!
@filip_btc shared a deeper look at what weโve been building, and how weโre thinking about the mainnet rollout.
Worth a read โ https://t.co/lc5Qnegieo
Tanari will be the place where you can do everything with your BTC that you can do on a traditional financial platform. Having access to stable currency is one of those needs.
We are excited to enable our users to easily switch between their BTC and stablecoins with just a few clicks and an extremely simple interface.
Powered by @SatsumaDEX!
Today weโre announcing our first โฟapp integration inside Tanari. Swap is now live in the test version, powered by
@SatsumaDEX!
This is the first step toward the financial platform weโre building. Why? โฌ๏ธ
@stephanlivera@walletofsatoshi@TheBTCJapan@PhoenixWallet Looking forward to you trying out @tanaribtc. It will be a step change in simplicity and UX.
Our goal is that it can be recommended to anyone, and they can instantly figure out how to use it, regardless of their career, interests, or prior experience with Bitcoin.
The traditional financial system evolved over centuries into what we have now. The last step change was when telecommunication technology kicked in. Since then, we haven't seen improvements and it remained complicated because it tried to force old ways to new standards. It was a technology problem.
With Bitcoin, we finally have a way to improve it, but not just upgrade. More of: delete the parts that are no longer necessary. And there are a lot of them!
What is crucial here is that we need expressivity to create consumer products that can compete with the products of the current financial system. Otherwise, there is no global adoption.
That is why Bitcoin financial ecosystem should not be viewed as just Bitcoin (L1) chain. We need to build layers on it, and when we speak about "Bitcoin Finance" we should consider all useful layers on top of it.
That is the only practical way to replace what is not working today.
If you're involved in development at your company in any way, and know your own product (sounds obvious, but I've seen many counterexamples in practice), Codex is a superpower!
It shifts exceptional execution to exceptional verification, which is often easier and scales better.