Hey Cardano, @0xMetamatt here, CEO of FluidTokens.
Bitcoin is ready to flow into Cardano because many of us have spent the last two years building the rails to make it possible.
We chose the harder path to get here.
Countless hours went into writing code, speaking with expert builders, designing features, and finding the right way to create something we believe is vital for the Cardano ecosystem.
Through constant work across many different teams, we reached the BIFROST public testnet, and we are deeply thankful to everyone who saw this vision and supported it during Catalyst Fund 14.
So many of you helped us along the way, and now that we are close to the finish line, we want to ask for your help once more.
The BIFROST public testnet was the first step.
The FluidTokens and @lantr_io BIFROST treasury withdrawal request is the next step toward mainnet.
We are nearing the last lap, and we are almost there.
We are asking every community member, every DRep, and every Cardano holder to review the draft once it goes live and share honest feedback before submission.
We will share it soon, we will be live to discuss it with you, and we cannot wait to hear what the community thinks.
Let’s do it for Cardano 💙
If you're a Cardano holder, please repost this immediately.
We've come to an absolute defining moment for ADA.
In the next 48 hours, the proposals that fund Cardano development are being decided.
While the #2 chain in crypto loses their builders or researchers, Cardano can keep theirs, at one of the most critical times of the altcoin cycle.
Cardano has come this far. It can not stop here.
DReps, think about the impact here.
Holders, make your voice heard.
Bridge security is the #1 priority, especially as $BTC starts moving across ecosystems:
The flow starts with Bitcoin finality.
Bitcoin blocks need confirmations. Watchtowers post that confirmed state to Cardano, and the system allows time for challenges if a stronger Bitcoin fork appears.
On the custody side, BTC is secured by Cardano SPOs using threshold signatures, with signing power distributed across operators.
That gives Cardano a cleaner path to Bitcoin liquidity:
A safer bridge built around the strongest features of UTXO chains.
Friendly reminder that babel fees have already been implemented for 1+ years on @FluidTokens Aquarium.
And yes, they are open source, anybody can use them and they are audited.
The only fair alternative to Aquarium are off-chain Babel fees implementable with nested transactions.
Please stop giving treasury money for already available solutions!