Monkey D. Luffy

Revolutionizing Bitcoin DeFi, From BitVM to Ordiswap 🧪: → Ordiswap 🧪 is proud to be the 1st ever dApp in #BTC history that has ported over EVM logic on native #Bitcoin L1 🧡 → One of the biggest advancements in the BTC space was the release of the BitVM whitepaper in October 2023, by developer Robin Linus. It highlighted new ways to implement dynamic smart contracts using the existing L1 infrastructure. → Prior to this, Taproot upgrade, and the launch of Ordinals, BRC-20 standards in 2023, have unleashed a flurry of builder interest in Bitcoin — catalyzing fresh momentum in network activity ❌. But, transactions were limited over marketplaces + OTC. DeFi still needed expressive smart contracts, and the Bitcoin L1 had limited technical capabilities on that front. → 📜 The BitVM thesis aimed to implement dynamic smart contracts by scaling complex computations off-chain, and enabling participants to settle with the Bitcoin code smoothly, and resolve in case of disputes. 💡 Think Optimistic Rollups on Ethereum. BitVM requires no modifications on the Bitcoin consensus rules and are based almost exclusively on existing primitives like hashlocks and timelocks. → Until now, there have been no working BitVM implementations, as all “Bitcoin-native DeFi” have either relied on L2s or rollups. → Ordiswap 🧪 changes all of this. BTCFi starts today. Dissecting Ordiswap’s Tech ⚙️: → Ordiswap expands on the concept of “off-chain balance states” — a novel mechanism that manages user balances and interactions with periodic settlements on Bitcoin. These transactions inherit the security and finality of Bitcoin. → Ordiswap's AMM leverages @Uniswap v2's constant product formula to ensure fairness and efficiency in token trades with minimized slippage. Users can create pools in a permissionless manner, provide liquidity and stake to earn yields. → Ordiswap is thus the 1st protocol to also enable LP tokens to exist on native #Bitcoin 💧 → There is seamless interoperability with the EVM ecosystem, with cross-chain swaps enabled via the highly liquid @THORChain pools. No bridges, no L2s, no problem. What Does This Unlock 🔓❓ → An efficient, low-slippage, interoperable infrastructure which will allow a thousand DeFi primitives to bloom on Bitcoin. Expect yield farms, decentralized lending markets etc. → Ordiswap LP tokens can be plugged into all different types of DeFi applications, opening up a whole new world of composability and network effects. The first step to the BTCfi summer? 🌞 → No more fractured liquidity. With easy avenues to bridge to L1, liquidity is coming home to Bitcoin. No more reliance on marketplaces or over-the-counter (OTC) trades. Ordiswap, a Full-Stack Bitcoin Infrastructure Behemoth 🔄: → Ordiswap goes beyond just an AMM, but rather an enitre emerging full-stack infrastructure ecosystem for Bitcoin DeFi that aims to completely redefine liquidity dynamics on the native layer. → Ordilayer, a proprietary Layer-2 designed for future proof scalability and applications → Ordipad, a BRC-20 launchpad, with token launches accessible to $ORDS & $REOS holders → BTSD, an over-collateralized & decentralized stablecoin that implements aspects of successful stability models like @MakerDAO → Ordiswap Foundation, and much more... → AMM Stage 2 Build coming very soon 👀 Try out our live Stage 1 build on BTC Mainnet: ⚡ app.ordiswap.fi/ Join the Ordiswap community: Telegram: t.me/OrdiswapLabs Discord: discord.gg/ordiswap