π§Brc-20 Liquidity Pool Alpha Proposal
Hold on tight and get ready to jump into LP mode on Bitcoin! You're in for an exciting ride, but first, make sure you read every single word before getting started.
β‘Please be aware that in addition to the article posted on May 2nd, 2023, there are other recent articles by $Oshi that you may find interesting: - β‘οΈMay 18th: A first jump into the world of the BRC-20 - β‘οΈMay 20th: Exploring Oshi and TheORD's Vision These tests might not be worth anything, but if you're feeling daring and adventurous, why not give them a try? Just remember to use them at your own risk, and get ready for the thrill of a lifetime! π₯
πΏ Quote from m3rl1n.og:
"This is an awesome experimental standard! It's incredible to see how DeFi can be created on Bitcoin with inscriptions. While it's not necessarily THE standard for fungibility on Bitcoin with ordinals, it's a great starting point for exploring better design choices and optimization improvements. It's important to note that this is a highly dynamic experiment and making financial decisions based solely on its design is not recommended. However, I strongly encourage the Bitcoin community to continue tinkering with standard designs and optimizations until a general consensus on best practices is reached. Let's keep pushing the boundaries of what's possible in the world of Bitcoin and DeFi!" -
Who we are
Oshi.fi : A DAO LP Governance brc-20 token powered by ordinal technology & backed by OrdinalBoard aka the #OBArmy
Introduction
Welcome to the world of Cyberphunks π΄ββ οΈ - where innovation meets rebellion, and the future is always just a step ahead! Our proposal is going to rock the DeFi space with the introduction of LPV1, a revolutionary synthetic asset that will blow your mind! This cutting-edge technology is going to change the game and pave the way for the next wave of DeFi revolution.
But that's not all - we're also creating a DAO on Ordinal with governance controlled by the legendary $OSHI digital artifact, putting the power in the hands of the people! Get ready to join the rebellion and participate in the future of DeFi with our groundbreaking proposal. The possibilities are endless, and the future is now! Are you ready to embrace the Cyberphunk movement and change the world? Let's go!
Idea
Are you ready to join us in our groundbreaking experiment to revolutionize the world of DeFi and liquidity pools on Bitcoin, using Ordinal theory and new OP functions to push the boundaries of what's possible?
Let's explore uncharted territories and create a new and improved DeFi ecosystem together.
Create a brc-20 pair that is transferable (we will use $ordi & $oshi) and suited for DeFi on BTC.
Create a brc-20 liquidity token for the pool. (here $LPV1) and suited for DeFi on BTC.
Mint the liquidity token, inscribe the synthetic assets that represents the ratio of the pool to create the inscription and suited for DeFi on BTC.
Add liquidity to the pool.
Swap
How it works
The use of Ordinal-based synthetic assets allows for easy trading of these assets on various platforms. The DAO on the bitcoin protocol provides a platform for users to participate in the decision-making process for the management of the vaults, with rewards earned through swap fees
Why on Bitcoin?
- Never done before - True DeFi on Bitcoin as it's classed as an utility token. - Censorship resistant
Risks
As with any DeFi investment, there is always the risk of impermanent loss or market volatility. The protocol is reliant on the performance of yield-generating platforms, which may change over time.
Conclusion
Our proposal aims to revolutionize the DeFi space by enabling a more liquid BRC20 market through the establishment of liquidity pools. While there are risks associated with any investment, we believe that the potential benefits of this proposal outweigh those risks.
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