@saprophetik Profile picture

sap

@saprophetik

Here for financial inclusion and decentralization. Building at @acreBTC. Member at @thesis_co.

Joined October 2022
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sap Reposted

🟧 [Redacted 👀] is coming Be early and join Hive-fi on our Discord! Here’s a step-by-step guide to get started 🧵👇


sap Reposted

This is a joke. Right? Decentralized? Wrapped BTC… the Wrapped BTC with two custodians? Governance? Like that governance decision to change the custody setup? Innovative. 🤡 “WBTC has established itself as the most decentralized and transparent wrapped BTC product on the…

We regret and are surprised by Coinbase’s decision to delist WBTC. As the core team behind Wrapped BTC, we have always been committed to providing the community with the most compliant, transparent, and decentralized BTC tokenization product. Over the years, WBTC has established…



sap Reposted

.@neelkashkari I challenge the notion that Bitcoin is "dumb" while global monetary policy spirals out of control. Let’s face the facts: Over the last 10 years, the U.S. M2 money supply has nearly doubled, rising from about $11.4T in 2014 to over $21.1T today. Most of this…

JUST IN: 🇺🇸 Federal Reserve official Neel Kashkari says #Bitcoin remains worthless after 12 years.



PSA: If you hold WBTC, @TheTNetwork has sponsored a free migration service (and prize pool) from WBTC -> tBTC. Now seems a good time to hedge against WBTC risk and choose a decentralized alternative. #saveWBTC

More info on the rewards pool from Threshold: blog.threshold.network/threshold-dao-…



This was a nice Monday morning reminder that we work in the weirdest industry on earth rn. Love @Fly_you_fools' absurdist writing style, but it still maintains insightful meta commentary for balance.


Going live with @arbitrumcore and @GMX_IO! Come hangout with us.


I'm continually impressed by the work Anthias Labs is doing, and appreciate their support of decentralization. Thanks for your work on the @RDNTCapital proposal for @tBTC_project team!

1/ Bringing decentralized bridged BTC to a lending market near you… In continued collaboration with the teams at @thesis_co and @TheTNetwork, we have posted the asset onboarding proposal below to bring tBTC to @RDNTCapital’s Ethereum and Arbitrum markets. Here is why:

anthiasxyz's tweet image. 1/ Bringing decentralized bridged BTC to a lending market near you…

In continued collaboration with the teams at @thesis_co and @TheTNetwork, we have posted the asset onboarding proposal below to bring tBTC to @RDNTCapital’s Ethereum and Arbitrum markets. Here is why:


sap Reposted

tBTC can now be deposited on @EigenLayer 🔥 Get T rewards via @TheTNetwork for depositing your tBTC on EigenLayer, making it the first incentivized BTC asset. This cements tBTC's position in Bitcoin staking and the broader BitcoinFi ecosystem. 🧵👇


People still don't understand the power of permissionless.

Interesting to compare the relative bridge velocity of @tBTC_project vs WBTC. Since tBTC redemptions went live in late July 2023, ~19,000 BTC has crossed the bridge on a current TVL of ~3,400 BTC. In the same time, ~29,000 WBTC mints+burns on a current TVL of ~153,000 BTC.



BREAKING: a consortium of major DeFi protocols (yet unamed) want to join the #saveWBTC deal. This deal could be a true fairytale outcome for DeFi at large, and a historic moment in crypto. BTC for the people, by the people. L. F. G. Read more here: forum.threshold.network/t/savewbtc-a-m…


The #saveWBTC campaign is no joke. Check out the latest posts on the MakerDAO (now @SkyEcosystem) forum: forum.makerdao.com/t/wbtc-changes… tl:dr; offboarding $400M of WBTC from Maker. Maker is a market leader, an OG, and has crypto's best risk analysts. Who will be next to follow?


Chatting live with @LidoFinance! Come hang out with us.


Deposit BTC directly to Arbitrum.

The new cross-chain minting experience for #tBTC users on @arbitrum is live!! If you’ve been looking to leverage Bitcoin’s power in the thriving Ethereum layer 2 ecosystem, this launch offers a seamless user-friendly solution. All details here: blog.threshold.network/tbtc-native-mi…

TheTNetwork's tweet image. The new cross-chain minting experience for #tBTC users on @arbitrum is live!! 

If you’ve been looking to leverage Bitcoin’s power in the thriving Ethereum layer 2 ecosystem, this launch offers a seamless user-friendly solution.

All details here: <a style="text-decoration: none;" rel="nofollow" target="_blank" href="https://t.co/xLkp8RufNO">blog.threshold.network/tbtc-native-mi…</a>


Bitcoin deserves better. #saveWBTC signed: 0xbadd11037cd6b204a2a2c6277c8255dfc5c1127df4bca1f07c2d9a05afb97e062ffd4ce8bde6fb40f1452a5af62ae9db3e74f3c258b85e2858828ed2db5de6121c x.com/wbtcparty/stat…

The future of WBTC is uncertain. Bitcoin's values aren't. #saveWBTC

wbtcparty's tweet image. The future of WBTC is uncertain. 

Bitcoin's values aren't. 

#saveWBTC


sap Reposted

Minimalism is a psyop by big small to sell more less


That's a wrap on the @AcreBTC // @immunefi Boost Program! Awesome engagement from the security community, and thank you to all that made submissions! There was some nice feedback too; nice work from the Acre eng team 💪

saprophetik's tweet image. That's a wrap on the @AcreBTC // @immunefi Boost Program! 

Awesome engagement from the security community, and thank you to all that made submissions!

There was some nice feedback too; nice work from the Acre eng team 💪

Fantastic in-depth analysis of tBTC by @anthiasxyz Definitely worth a read if you're looking for a digestible breakdown of Threshold's decentralized mechanism. Nice write up team!

1/ With the recent WBTC custody shakeup, a universal call for a new, decentralized wrapped BTC solution has emanated through DeFi. In collaboration with the teams @TheTNetwork and @thesis_co, our team at Anthias Labs developed the following risk analysis of Threshold’s tBTC vs…

anthiasxyz's tweet image. 1/ With the recent WBTC custody shakeup, a universal call for a new, decentralized wrapped BTC solution has emanated through DeFi.

In collaboration with the teams @TheTNetwork and @thesis_co, our team at Anthias Labs developed the following risk analysis of Threshold’s tBTC vs…


sap Reposted

Isn't lifetime WBTC revenue like $3M? Lmao, this should be a nobrainer for them Very ballsy move from Threshold too


Wow, huge proposal just dropped on the Threshold forum: tl;dr: tBTC merger with WBTC to keep WBTC safe. Could be a huge win for Threshold, BitGo, and the DeFi ecosystem concerned about new WBTC counterparty risk.


Superstacking is live via @MezoNetwork, thanks to @AcreBTC's stBTC! What is superstacking you ask? Basically a new tech that allows you to your sats whilst stacking sats on your sats. That didn't help? Read more below.

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