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axopoa
@axopoa
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Sharing my thoughts and stories 🦾
UAE
Joined August 2021
me and my family entities have built an additional 100 $STX position today. the BTC/STX ratio is where it was 5 years ago and the family office believes that stacks tech is at all time high with market opportunity for bitcoin L2s. (not financial advice.)
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I like how @visionsbtc is getting things done. He sees a problem and takes action. When I see a problem, I just complain about it on X. I should be more like him incha'allah. But I need $STX to $5 first.
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Don't trust, verify
I'm not saying that Muneeb, his family fund, or the Stacks Foundation are obligated to disclose their financial transactions. However, if the goal is to rebuild community confidence and demonstrate that capital has indeed flowed into the ecosystem, an on-chain transaction would be beneficial as transparency. I know that Rena has been deploying liquidity into various dApps recently. It might be advantageous for these actions to be more prominently publicized. This is just my 2cents.
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Well we had @pravicasuite, but they are building on SUI now
Idea: 1:1 messaging embedded into @Stacks wallets that leverage BNS. I.e. a tab like the old AIM (aol instant messenger). cc: @LeatherBTC @XverseApp
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The legendary
Stackers can we help this account reach 1K followers? We need some love for the oldest pool on @Stacks 😢
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One question I have is: can we see anywhere how the 100M STX allocated to @StacksOrg has been spent so far? And what happened to the 30M STX initially allocated to app mining?
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Frequently getting asked what's interesting in BTC DeFi. Here’s an ecosystem overview (40+ projects that come to mind), with the need-to-know’s on each project, so you can decide for yourself: —————————————— BTC DeFi: @babylonlabs_io — Bitcoin staking protocol. built directly into Bitcoin script. Think of it as Eigenlayer for BTC. $6bn in TVL. @Satflow_ — Pro DEX on BTC L1. Tier-1 team of very principled builders working on tooling for BTC on-chain traders. Backed by Nascent & Variant. Led by @robertjfclarke. @satlayer — BTC-focused restaking platform (Babylon for double signing -> Satlayer for generalized slashing). Solid team & backers. @yalaorg — BTC-backed Stablecoin. Strong team pedigree (Alchemy Pay, Circle, Binance Labs, MakerDAO). @MezoNetwork — BTC L2 with a Bitcoin-backed Stablecoin, built by the Thesis team who shipped both Keep Network & tBTC. Tier-1 team, extremely principled, led by @mhluongo & @blockchain_bri
@tBTC_project — BTC Wrapper. The OG decentralized BTC built by Threshold Network. Live in prod for many years at this point. Operated by a DAO. ~$500mn TVL. @nomicbtc — BTC wrapper. Focused on Cosmos ecosystem. Team was working on this well before BTC narrative became hot (I believe since DeFi summer). @IgnitionFBTC — BTC Wrapper. Backed/operated by Mantle, Antalpha, and Cobo, so extremely well connected in the East. @ibtcnetwork (frm — BTC Wrapper. Uses discrete log contracts to allow for a BTC derivative that’s backed by BTC locked in your own wallet. Seems to be making significant strides in the Institutional space. @ZeusNetworkHQ — BTC Wrapper & Interop protocol. Focused on Solana ecosystem. @BimaBTC — BTC-backed Stablecoin, primarily backed by BTC LSTs. @avalonfinance_ — BTC-focused borrow/lend protocol. Forked from Aave. Has put up some impressive TVL numbers on Bitcoin L2s. @Pell_Network — BTC-focused restaking. @pStakeFinance — BTC LST. Cosmos-based liquid staking protocol that went all in on BTC. @SolvProtocol — BTC LST & Wrapper. Evolved from a DeFi NFT protocol into BTC DeFi. Partnered closely with Merlin in the early days. Recently launched token on Binance. @Pumpbtcxyz — BTC LST. Founder was heavily involved in the WBTC ecosystem. Solid liquidity to TVL ratio. @Bedrock_DeFi — BTC LST. Team has launched LSTs for multiple networks. @LorenzoProtocol — BTC LST & more. Led by @MattYe_MEP who is always cooking on new protocol ideas. @XverseApp — The most popular BTC-native browser extension. @Lombard_Finance — Leading BTC LST ($1.9bn TVL), only BTC LST that hasn’t depegged multiple times. Working with Aave, Etherfi, Fluid, Maple, Derive, Symbiotic, etc. Building towards trustless BTC. (Note: cofounded by author of this post) —————————————— BTC L2s & Infrastructure: @use_corn — ETH DeFi OG’s (BadgerDAO, Slingshot, Lido, etc.) creating a BTC L2 on Orbit Stack. Will have major ETH DeFi protocols & brand new DeFi experimentation with BTC (see @spadaboom1's posts). Also has elements of a meme chain for BTC (think of this as Berachain x BTC DeFi). @AlpenLabs — One of the leading teams in the BitVM space. Cracked team + big backers. Everyone has their eye on this one. @citrea_xyz — BitVM project, backed by Founder’s Fund. @fiamma_labs — BitVM project working very closely with Babylon. @build_on_bob — BitVM project with a chain that’s already live. Evolved from Interlay (BTC-focused Polkadot parachain), been building for years. Arguably leading BTC L2 by DeFi activity. @BotanixLabs — Likely to be a top BTC L2 once live. Based on a network of interwoven multisigs (“Spiderchain”). Big backers, very well regarded, & always coming up in the conversation. @hemi_xyz — Founded by @MatthewRoszak (founder of Bloq). Very strong technical team. Floating a bit under the radar pre-launch, but rumored to have big whales onboard. @PlasmaFDN — Backed by Bitfiniex & Tether founder. Focused specifically on USDT payments (on top of BTC). @Stacks — One of the OG Bitcoin L2s. Evolved from Blockstack that dates back to the 2017-18 cycle. Not EVM compatible. Largest native ecosystem of any BTC L2. @BitlayerLabs — Emerged as top BTC L2s early on with strong traction in Asia + big fundraise from Framework, Polychain, Franklin Templeton. Went live early 2024. Bitlayer has huge team that includes Ex-Huobi folks & a large research team building BitVM. @nubit_org — BTC L2 & DA layer. Very strong, research-heavy team, led by @captain8299. Building BitVM & Goldinals (erc20 equivalent for Bitcoin). @Coredao_Org — POS/POW hybrid consensus. One of the first BTC L2s with a live token (2023, $1bn+ FDV). @BSquaredNetwork — BTC L2 & DA layer. Likely to be an early Babylon BSN. @ArchNtwrk — Multicoin’s BTC L2 bet. Focused on enabling more expressivity without leaving BTC L1 (similar philosophy to Satflow). Programs can be invoked from BTC Mainnet UTXOs. @ChakraChain — Shared settlement layer for BTC. Founder previously was a researcher at MIT & built a Starknet L3. @BTC_OS — BTC L2 using ZK. Built by the team who built Sovryn (an early BTC DeFi app). @fractal_bitcoin — BTC L2 built on Bitcoin Core that support more expressivity and experimentation than BTC L1 (reminds me of Kusama for BTC). Built in close collaboration with UniSat. Led by @spenceryang
@bounce_bit — BTC L2 & DeFi infra. Built by team from Bounce Finance (auction protocol). Focused on CeDeFi, allowing for BTC DeFi products with Ceffu custody as a base. @TaprootWizards — I actually don’t fully know what these guys are cooking, but the team/community is stacked (@udiWertheimer) and they just announced a $30mn raise. NFT community -> top-tier project is something we’ve seen before. —————————————— Others (these aren’t all-in on BTC DeFi, but key players nonetheless): Etherfi — Built eBTC, the first restaked BTC, backed exclusively by LBTC. Anything etherfi touches fills with liquidity. StakeStone — Made a name for themselves with STONE (staked ETH) and were an early player in BTC DeFi with SBTC (wrapped BTC) & StoneBTC (LBTC backed). Everyone loves this team. StarkWare — Inventors of the STARK, ETH L2 pioneers, now very focused on building on BTC, with a focus on OP_CAT. Dfinity (Chain Key Cryptography) — This one is very under the radar, but I like to mention. Dfinity validators operate a BTC wallet via an MPC protocol built into the L1. Pretty cool. Osmosis — OG Cosmos team building a cross-chain DEX. Did $169mn in BTC trading volume last month. —————————————— p.s. I'm sure I missed some protocols, and I certainly don't claim to be experts on all of these. Hopefully, this is a useful starting point for those who wish to dive deeper into BTC DeFi.
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