CKB DevRel
@CKBDevrel
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Build trust for developers. Team #CKB #OpenSource 💜: npub1qepgwa9039vcxveyz0948z0unaduwhkpdl6v9aa9p6zfpvq4w9mql7tu4t
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Joined July 2024
Breaking Free from Liquidity Constraints: The Transformative Impact of the iCKB Protocol on Nervos DAO In the blockchain world, liquidity reigns supreme. Recently, the NervDAO staking tool for Nervos DAO integrated the iCKB protocol, marking a significant milestone. This advancement liberates Nervos DAO depositors from the minimum 30-day deposit cycle, effectively addressing liquidity challenges. Moreover, it opens the door to higher yields through “BTCFi Lego.” This article delves into how the iCKB protocol works and its significance in the market. CKB Economic Model, Nervos DAO, and NervDAO Before exploring the iCKB protocol, let’s briefly review the basics of the CKB economic model, Nervos DAO, and its staking tool, NervDAO. As of December 8, 2024, the total issuance of CKB reached 46.202 billion, with 8.133 billion locked in Nervos DAO. These CKB primarily originate from three sources: Genesis Block: Of the 33.6 billion total, 8.4 billion were sent to a "black hole" address (essentially burned) at launch, while the remaining 25.2 billion were allocated to institutional investors, ecosystem funds, development teams, and public investors. These allocations were time-locked but have since fully unlocked. Primary Issuance: A total of 33.6 billion is rewarded to miners, following a Bitcoin-like halving mechanism every four years until fully issued. Secondary Issuance: A fixed annual issuance of 1.344 billion is proportionally distributed among miners, Nervos DAO depositors, and the treasury (currently burned). For a detailed explanation of the CKB economic model, read “A Comprehensive Guide to the CKB Economic Model and Its Elegant Design ( ).” Nervos DAO is a smart contract embedded in the system layer, which automatically distributes CKB’s secondary issuance to depositors. Simply put, if holders lock their CKB in the Nervos DAO contract, sacrificing liquidity, they receive compensation to offset asset dilution caused by secondary issuance. NervDAO simplifies staking and withdrawal for Nervos DAO users. Compared to other tools like Neuron Wallet and CKBull Wallet, NervDAO offers: Lower Barriers to Entry: Operate directly on a web interface without downloading additional apps or syncing block data. Multi-Chain Wallet Support: Currently compatible with JoyID, MetaMask, OKX Wallet, UniSat, and UTXO Global Wallet, with future support for ecosystems like SOL, DOGE, and Nostr. With the integration of iCKB, NervDAO users now have two staking options: the "traditional" Nervos DAO staking or staking via the iCKB protocol. iCKB Protocol Explained Developed by community contributor Phroi, the iCKB protocol resolves Nervos DAO's liquidity limitations by allowing users to deposit or withdraw any amount of CKB at any time. How It Works For users, depositing CKB into Nervos DAO through the iCKB protocol is a one-step process: converting CKB into iCKB. Similarly, withdrawals only require converting iCKB back to CKB. iCKB acts as a deposit receipt for CKB locked in Nervos DAO. Currently, 1 CKB ≈ 0.86287995 iCKB, and 1 iCKB ≈ 1.15890975 CKB. Deposited CKB accrues secondary issuance rewards (annualized return ~2.26%), causing iCKB to appreciate over time. The protocol splits deposits into large and small portions, with every 100,000 iCKB-equivalent deposit forming a large deposit. A market maker mechanism ensures liquidity for smaller deposits. Example Alice deposits 300,000 CKB through the iCKB protocol, resulting in: Two large deposits (125,000 CKB each), locked in Nervos DAO. A small deposit (50,000 CKB), handled by the market maker. Alice receives 240,000 iCKB, temporarily escrowed on-chain. An "Extract" operation is required to transfer these iCKB to her wallet, or they will automatically release upon future deposits or withdrawals. Later, Alice withdraws 240,000 iCKB. The protocol burns the large deposit tokens, withdraws from Nervos DAO, and the market maker handles the remaining 40,000 iCKB. Alice receives 300,000 CKB, again in escrow. This mechanism aggregates large deposits for efficient liquidity and uses market makers to handle smaller deposits, ensuring seamless operations. Market Impact The traditional Nervos DAO staking approach faces two limitations: Minimum Deposit: At least 102 CKB (excluding miner fees). Time Constraints: A minimum 30-day lockup and delayed withdrawals depending on reward cycles. The iCKB protocol eliminates these barriers, enabling instant deposits and withdrawals of any amount, vastly improving liquidity. Moreover, iCKB is an RGB++ asset, allowing holders to: Earn Nervos DAO interest. Participate in BTCFi applications for additional yields, such as becoming a liquidity provider (LP) on UTXOSwap. Utilize iCKB across UTXO chains like DOGE via Leap’s bridgeless cross-chain technology. Leverage CKB's Lightning Network (Fiber Network) for low-cost, private, and instant transactions. Usage Guide The NervDAO website offers two staking options: one is the "traditional" staking method available on the Deposit page, and the other is staking via iCKB on the iCKB page. These two methods operate independently. As mentioned earlier, using the iCKB protocol to deposit CKB into Nervos DAO is a straightforward one-step process: convert CKB into iCKB. Similarly, to withdraw CKB, simply convert iCKB back to CKB. Here are the detailed steps: Deposit 1. Open the NervDAO website and connect your wallet (currently supporting JoyID, MetaMask, OKX Wallet, UniSat, and UTXO Global Wallet). 2. Click iCKB in the left navigation bar, select Deposit, enter the desired amount of CKB to deposit, then click the Swap button and confirm the transaction in your wallet. 3. Wait approximately 90 seconds for confirmation. Once the order in the Active Orders section is marked as Completed, it indicates that the on-chain operation has been successfully completed. 4. At this point, your iCKB will be held in an on-chain contract escrow. If you wish to retrieve it, click Extract and confirm the action in your wallet. If you choose not to extract, the iCKB will automatically be released from escrow and returned to your wallet the next time you deposit CKB for iCKB or swap iCKB for CKB. Whether or not you perform the Extract operation does not affect the interest earnings from Nervos DAO. The only difference is that iCKB in escrow cannot be directly swapped back to CKB, transferred to other wallets, or used in BTCFi applications. Withdraw 1. Open the NervDAO website ( ) and connect your wallet. 2. On the iCKB page, select Withdraw, enter the amount of iCKB you want to swap, then click the Withdraw button and confirm the transaction in your wallet. (Note: If you wish to withdraw all iCKB and there are any iCKB held in on-chain contract escrow under Active Orders, you will need to perform an Extract operation to retrieve all iCKB first.) 3.Wait for the on-chain transaction to be confirmed. When the order in the Active Orders section shows as Completed, the on-chain operation is finished. Similarly, the CKB will be held in an on-chain contract escrow. You can immediately retrieve it by performing an Extract operation, or it will automatically be released from escrow and returned to your wallet during your next swap or deposit transaction. Conclusion The iCKB protocol represents a significant leap forward for Nervos DAO staking tools. It not only resolves liquidity constraints but also offers users flexible investment options and enhanced earning opportunities within the BTCFi ecosystem. With iCKB, users can fully unlock the potential of Nervos DAO and the broader BTCFi landscape.
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Nervos' Core: The CKB Layer 1 Protocol At the center of Nervos Network lies its Layer 1 protocol, the Common Knowledge Base (CKB). Powered by the RISC-V-based CKB-VM, it ensures flexibility and security for decentralized applications.
“At the heart of Nervos is its Layer 1 protocol, the Common Knowledge Base (CKB). CKB utilizes RISC-V in its virtual machine, the CKB-VM.” $CKB $BTC RGB++ Crypto
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We will change everything 🫡
CKB community: As for any L1, the odds have always been low & the challenges many But together, apes are strong. Ideas are what win. As Sun Tzu said "every battle is won before it is fought” In an industry fraught with emptiness, hold strong to your purpose. Change everything
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Join the party to learn more about the latest technology of ckb👍��
⚡ Lightning Connect is coming to @consensus_hk on Feb 18! Join us for a premier gathering of Bitcoin developers, payment innovators, and infrastructure builders. 🔗 Register now: 📅 Date: Feb. 18 ⏰ Time: 1:00 PM – 6:00 PM 📍 Location: Club @28, Crowne Plaza Hong Kong Causeway Bay ⚡️ Hosted by @CKBEcoFund, @Breez_Tech, and @utxostack, with strategic support from @okx, @Blockstream, and @ChainCatcher_, Lightning Connect will dive into how Bitcoin and the Lightning Network are transforming global payments. ✨What to Expect: ✅ Insights from Industry Leaders ✅ Cutting-Edge Use Cases ✅ High-Impact Networking ✅ Technical & Strategic Discussions ✅ Exclusive Announcements ❤️🔥 Be part of the movement shaping the future of global payments! #LightningConnect #Bitcoin #LightningNetwork #FinTech #GlobalPayments #ConsensusHK
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**Is CKB’s Economic Model Sustainable?** Nervos Network $CKB combines Bitcoin-level security with scalable Layer 2 solutions. Its economic model relies on controlled inflation, state rent (CKB as storage), and the Nervos DAO to balance supply and demand. Key factors for sustainability include: - **DAO staking** to reduce liquid supply - **State rent** driving CKB demand for on-chain storage - **Natural supply reduction** from lost keys Risks include declining miner incentives and slow adoption. Long-term success depends on growing network usage and transaction fees. What’s your take? Let’s discuss!🫡
Is CKB’s Economic Model Sustainable? Nervos Network $CKB is a dual-layer blockchain that combines Bitcoin-level security (Layer 1) with scalable Layer 2 solutions. But how does its economic model hold up in the long term? Let's break it down. The Economics of CKB: Inflation, Supply, and Demand 1. Inflation & Supply Growth Like Bitcoin, Nervos uses Proof-of-Work (PoW) to secure the network, rewarding miners with newly minted CKB. However, unlike Bitcoin’s fixed supply cap of 21 million, CKB is inflationary, new coins are continuously issued. Current Supply Stats: - Total Supply: 46.2 billion CKB - Circulating Supply: 45.5 billion CKB - Annual Inflation (Estimate): around 3/4%, decreasing over time Inflation keeps miners incentivized, but if demand does not match issuance, CKB’s value could face long-term sell pressure. 2. How Nervos Controls Inflation Without Burning Nervos doesn’t have a native burning mechanism like Ethereum’s EIP-1559, but it offsets inflation in three key ways. The Nervos DAO, "Locking Instead of Burning" Users can lock CKB in the Nervos DAO and receive rewards to counteract inflation. This reduces liquid supply, preventing excessive inflation-driven price drops. However, DAO rewards will decline over time, affecting long-term locking incentives. ✅Sustainable if DAO staking remains attractive. ❌Risky if users stop locking CKB, leading to excess liquid supply. State Rent – CKB as Blockchain Storage Unlike most blockchains where gas fees fund storage, Nervos requires users to hold CKB to store data. One CKB equals one byte of storage. If users need more on-chain space, they must buy and hold more CKB. ✅Sustainable if more dApps and users require storage. ❌Risky if most activity moves to off-chain solutions, reducing CKB demand. Lost CKB – Natural Supply Reduction Some CKB is permanently lost when users lose private keys. While unpredictable, this reduces circulating supply over time, acting as an indirect burn mechanism. ✅Sustainable if the network keeps growing despite lost supply. ❌Risky if lost supply outpaces user adoption. 3. Miner Incentives: Will Miners Stay in the Long Run? Miners play a critical role in securing CKB’s Layer 1, but their rewards will decline over time. Currently, miners are paid through: 1. Block rewards (inflationary issuance) 2. Transaction fees Potential Issues: - If block rewards decrease and transaction fees remain low, mining could become unprofitable. - If miner participation drops, network security could weaken. ✅Sustainable if Nervos attracts high transaction volumes to support miner revenue. ❌Risky if transaction fees remain too low to replace declining block rewards. Lets Sum it up CKB’s economic model is sustainable if adoption and demand grow in sync with inflation. The combination of the Nervos DAO, state rent, and organic supply reduction helps manage inflation, but it depends on long-term network usage. If Layer 2 adoption accelerates and transaction fees rise, Nervos can maintain its security and economic balance. If adoption remains slow, inflation could outpace demand, creating long-term risks for both miners and holders. Do you think CKB’s model will stand the test of time? Let’s discuss. 👇
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Pretty good👀👍
Hi, let me clarify our position regarding stablecoins and recent developments: First, as mentioned in recent AMAs, while we are in communication with major stablecoin issuers, our first strategy is to demonstrate the viability of our technology stack through USDI. This isn't about competing with USDT, it's about proving the capabilities of RGB++ protocol and our infrastructure. Then, personally, I'm excited to see Tether's announcement. It validates several key visions we share, particularly around enabling AI agent payments through Lightning Network and building a robust Bitcoin DeFi ecosystem. What's most interesting is how our solutions could be complementary. While Taproot Assets Protocol provides an excellent foundation for asset issuance, UTXOStack's liquidity management capabilities, based on RGB++, could solve one of Lightning Network's core challenges through smart contracts. Moreover, our vision of a Hybrid Lightning Network, connecting Bitcoin's Lightning with CKB's Fiber through edge nodes, could create an even more powerful Lightning ecosystem. With Taproot assets on one side and RGB++ assets on the other, we can create a more comprehensive payment network. The excitement around Tether's announcement demonstrates the growing interest in Lightning Network solutions, which benefits the entire ecosystem!
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Happy Chinese New Year🐍🐍🐍
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RT @CrookedCKB: $CKB and #BTC are made for each other. It's not about on-chain scaling for P2P payments, its all about off-chain scaling. S…
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Listen our Chinese friends talk about angting about CKB 2025
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👀👍
Let’s Learn About Mnemonic Phrases! 🔒 🔑Mnemonic Phrase (aka recovery phrase) is the 12 or 24 random words generated when you create a wallet. 💡Why it's important? If you lose your wallet, or forget pasword, using your Mnemonic phrase is the only way to restore access. 🔐 Pro Tips to Secure your Mnemonic Phrase: - Write it down and store it safely (e.g., in a fireproof safe). - Never share it with anyone—not even UTXO Global support. - Avoid saving it digitally to prevent hacks. 🚨Your mnemonic phrase = your wallet’s life insurance. Protect it! 🔑 👉 Follow us for more wallet security tips! #UTXOGlobal #CKB #Nervos #Mnemonicphrase
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Let's look forward to a better future for ckb.
🚀 2024: A Year of Innovation for #CKB • 📈 +270% Hash Rate | 5.43M Unique Addresses • ⚡️Building the Future of #BTCFi & #PayFi with RGB++ Layer & Fiber Network • 🌍 Global Partnershipss & offline events • 🌱 Thriving #CKB and #RGB++ ecosystems ✨ 2025: Together, we rise, innovate, and shape the future of blockchain. 🌟 #BTCKB #RGBPP #Nervos #CKBEcoFund #FiberNetwork #RUNCKB
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keep building！
#TeamCKB Dev Updates ✨ - CKB v0.121.0-rc2 pre-released, including peer-store optimization - Fiber v0.3.1 is now live, offering enhanced pathfinding, message broadcasting, and migration flows Ongoing 👷 Contract development w/ @SilentBerryNFT and ckb-light-client-wasm for browser support Full log: @NervosNation @CKBDevrel
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Keep working🫡
#TeamCKB Dev Updates ✨ - CKB v0.121.0-rc2 pre-released, including peer-store optimization - Fiber v0.3.1 is now live, offering enhanced pathfinding, message broadcasting, and migration flows Ongoing 👷 Contract development w/ @SilentBerryNFT and ckb-light-client-wasm for browser support Full log: @NervosNation @CKBDevrel
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RT @stablepp: 🧵 How does the Stable++ Redemption Process work? Let's break it down with a simple example. 💡 Imagine you’ve deposited $1,00…
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RT @UTXOGlobal: 🎉 UTXO Global x Partnership Announcement! 🎉 We’re excited to announce our partnership with @ckbfig…
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We will be the one 🫡
CKB is the most flexible blockchain ever and the most future proof (thanks to RISC-V). The proof: - already supports quantum resistance - already enables Passkey signing - the only bridgeless L2 to BTC - can support keys from any chain - can communicate with any chain Yet it still doesn't compromise on the gold standard for security and decentralisation (POW+UTXO). Very few chains are able to excel in both innovation and resilience, it's either one or the other. $CKB is the exception to this rule, which is why I know it will have a growing support base over the years.
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RT @stablepp: Lightning ⚡️ meets CKB @joy_protocol: instant $BTC swaps, stables at near-zero cost, and Stable++ in the mix. Crypto just l…
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Congratulations to @joy_protocol for officially supporting the lightning network! 🥳🥳🥳 JoyID has become the first web-based lightning wallet that supports Passkey.
JoyID Now Supports Lightning Network! ⚡️ JoyID is the first Passkey Lightning Wallet and the only web-based Lightning Network wallet, offering unmatched security and convenience. Start now: Access requires an invitation code—follow @utxostack for rewards and airdrops! ✨
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pretty good👍
快速了解 #fi5pool：#CKB Solo Mining 方案！ 🔨作为简单的 CKB solo minning 矿池，fi5pool 专注于仅支持 CKB，仅支持 solo mining，没有分账和前端页面，同时深入 CKB 的特性，拓展自定义挖矿策略和 MEV（miner extractable value）的可能性。 💡 Solo Mining 优势： 🔸 矿工可获全部奖励，无第三方抽成 🔸 完全掌控挖矿策略，提升自主性 🔸 无需公开个人信息，隐私安全更高 🔸 促进去中心化，增强��络安全性 💻 当前项目开发已接近尾声，测试中，即将开源： 📖 阅读 fi5pool 团队的 David 好文： #CKB #PoW #Mining #Nervos
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