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Miami, Florida, December 18th, 2024, Chainwire
Bitflow and Pontis are proud to introduce the primary Bitcoin Runes Automated Market Maker (AMM) on Stacks, the main Bitcoin Layer 2 (L2), delivering a highly-anticipated scaling alternative for Runes—a sort of fungible token on Bitcoin beforehand constrained by sluggish transaction speeds, excessive charges, pre-splitting of UTXOs, market listings, and sniping of pending transactions.
With the current Stacks Nakamoto Improve, Bitflow now affords quick, cost-effective transactions, all inside a user-friendly interface. As an alternative of market listings, the Bitflow liquidity swimming pools allow AMM primarily based pricing for any quantity that customers wish to commerce.
This product launch marks a big second for Bitcoin DeFi: a scalable system for Bitcoin property the place customers expertise quick confirmations and safe transactions which are as tough to reorg as Bitcoin itself.
“Some folks haven’t realized this but, however Bitcoin is enjoyable once more.” stated Dylan Floyd, Co-Founding father of Bitflow. “Our Runes AMM provides everybody in crypto extra causes to transact on Bitcoin, which is nice for the sustainability of community charges. And because of the Nakamoto improve on Stacks, we’ve unlocked a premier DeFi expertise for tokens on Bitcoin. Along with Pontis, we make it simple for that liquidity to move throughout novel swap and earn merchandise.”
Powering the Runes AMM: The Stacks Nakamoto Improve
The Runes AMM launch coincides with the Stacks Nakamoto Improve, activated at Bitcoin Block #867,867. This improve reduces Stacks’ block occasions from 10 minutes to seconds and supplies Bitcoin-level finality, considerably enhancing the effectivity of the Runes AMM by means of the bundling of Pontis bridge and Bitflow infrastructure.
One other key function that Nakamoto unlocks is Bitcoin finality. Stacks not forks by itself, and after a transaction is confirmed, reversing it's at the very least as laborious as reversing a Bitcoin transaction. Now, with the Pontis Bridge and Runes AMM, customers can safely commerce Bitcoin property on Stacks after a single affirmation–permitting customers to swap BTC, Runes, BRC-20s, and extra.
With this infrastructure, locking in a commerce with native BTC is quick and safe, requiring just one Bitcoin block and one Stacks block (5-10 seconds). Compared, different bridge choices sometimes demand 3-6 Bitcoin block confirmations to think about a mint secure on one other chain or layer.
Decentralized Safety with Business-Main Signers
Bitflow’s Runes AMM leverages the Pontis Bridge, a federated multisig system that brings extra decentralized safety and reliability to cross-chain transactions – supported by ecosystem leaders deeply invested within the success of Bitcoin, Runes, BRC-20s, and Bitcoin Layers.
Pontis signers—together with main Ordinals pockets Xverse, Sensible Custody Layer for Bitcoin Asigna, distinguished Ordinals launchpad OrdinalsBot, the biggest DeFi protocol on Runes Liquidium, Bitcoin liquid stacking chief StackingDAO, the main Runes ecosystem neighborhood Billion Greenback Cat, and a number of other others—unlock highly effective interoperability between Bitcoin and Stacks utilizing a federated mint/burn mannequin. This strategy affords higher decentralization in comparison with single-entity custodians frequent in different Bitcoin AMMs.
With the Nakamoto improve, mint and swap transactions on the Runes AMM now obtain full Bitcoin finality and reorg safety, making them as safe and irreversible as Bitcoin itself. As soon as sBTC goes stay on Stacks later this yr, Pontis will migrate its bridge to work with sBTC, enabling an improved decentralized method to transfer Bitcoin property to the Stacks L2 and again.
“At Pontis, our mission is to create a safe and seamless bridging expertise for Runes and different metaprotocol property by harnessing a consortium of trusted initiatives as node operators,” stated Filip S, Core Contributor at Pontis. “In partnership with Bitflow, we're enhancing the consumer expertise for BTC merchants, enabling them to work together with Runes by means of liquidity swimming pools on Stacks effortlessly. This achievement marks a pivotal step in advancing the adoption of Runes and laying the inspiration for a brand new narrative in Bitcoin’s evolution.”
Full Record of Signers
The record of signers contains Asigna, Xverse, Leather-based, Liquidium, DeSpread, OrdinalsBot, Pontis, Bitflow, Hermetica, Ducat, Bima, StackingDAO, Zest Protocol, Sats Ventures, and Billy (BILLION•DOLLAR•CAT).
Elevating Person Expertise with a Actual AMM for property on Bitcoin
The Runes AMM on Stacks introduces a Uniswap-style liquidity pool construction, enabling deep liquidity, low slippage, and quick worth discovery for Bitcoin property. Due to the Nakamoto improve, reorg protections and quick block occasions enable the Stacks layer to be abstracted from the consumer expertise, enabling Bitflow to supply a Layer-1 Bitcoin DEX buying and selling expertise with Stacks because the execution layer.
Sensible contracts for the Runes AMM reside on the Stacks layer and work together with Pontis to allow Layer-1 integration and interoperability. This infrastructure lets customers commerce Bitcoin property instantly by means of wallets like Xverse and Leather-based on Stacks—eliminating the necessity for market listings, handbook worth administration, or ready for consumers.
“We love how Bitflow staff is all the time pushing the boundaries of Bitcoin token buying and selling and that’s we’re excited to work with them on enhancing the Runes buying and selling expertise using each the L1 and Stacks.”
Jan Smejkal, Chief Technique Officer Xverse
The Runes AMM launches alongside sBTC on 12/17/2024, and with the Pontis Bridge built-in instantly contained in the Bitflow app, customers can deliver BTC and Runes to the Stacks layer and commerce on the pace of Nakamoto. At launch, swaps between native BTC and STX may also be accessible, and the sBTC-Runes liquidity swimming pools will initially supply an additional 5% BTC yield on all sBTC deposits.
With extra throughput optimizations on the Stacks community scheduled for launch in December, Bitflow and Pontis will streamline the UX and increase buying and selling capabilities to incorporate swaps between native Bitcoin property, making a wider funnel for adoption for customers who might choose the Stacks layer abstracted from the expertise. Scaling BTC and Runes in DeFi will be the killer use case for the Stacks chain.
Supported Property and Safety Measures
At launch, liquidity swimming pools will help dozens of common Runes, together with BILLION•DOLLAR•CAT, DOG•GO•TO•THE•MOON, LIQUIDIUM•TOKEN, BASED•INTERNET•PANDA, SHORT•THE•DOLLAR, PUPS•WORLD•PEACE, POOKA•CANNOT•BE•STOPPED, ROOOOOOOOOONS, USDh, the primary Bitcoin-backed artificial greenback on Runes, with plans for growth to BRC-20 Tokens and Native BTC Property, together with $ORDI, $TRIO and extra primarily based on neighborhood demand.
To make sure safety and reliability, Bitflow undergoes common audits by main Bitcoin L2 auditing companies corresponding to Coinfabrik, StrataLabs, and Readability Alliance, which has lately been trusted to audit Stacks Core and sBTC. Moreover, Bitflow actively entails the neighborhood by providing a $100,000 bounty program on Immunefi.
For detailed audit data, please go to Bitflow’s Audit Documentation and Pontis Audit Documentation
About Bitflow Finance
Bitflow is one of the best place to commerce Bitcoin property with the deepest liquidity hub on Stacks. The Bitflow protocol is rising the Bitcoin financial system by means of a collection of important DeFi infrastructure, centered round one of the best type of cash. With its Runes Automated Market Maker, a robust DEX aggregator guaranteeing one of the best swap charges, multihop swaps, and extra, Bitflow allows safe, scalable buying and selling of Bitcoin property on the Stacks L2. By combining Stacks’ scalability with Bitcoin finality, Bitflow is advancing the way forward for Bitcoin-native property and decentralized buying and selling.
For extra data, please contact:
Diego Mey
Contact
Diego Mey
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