Ordebiao

Progress Update:
Core developer flex has recently been focusing on how to integrate the BTC trading pair into the AMM.
This BTC trading pair follows the Methane/BTC model, not the Methane/FRBTC model.
This is more decentralized, which is what we want to see, and it aligns more with the expected final form of the AMM trading pair.
The implementation idea generally involves using zk technology.
Looking forward to flex making this happen! Once it's done, there will be no need for warping around.
#BTCFi

Signet AMM Experience Summary:
Experience Content:
1. Acquire test stablecoin φUSD
2. Perform swap transactions
3. Create pools, add liquidity, remove liquidity
4. Obtain testnet usdc, then mint to testnet busd
5. Assemble busd and φUSD trading pair, and perform swap

All functionalities are working normally without any core bottleneck issues, except for a few minor UI display issues (which have been reported to the developers). Overall, the experience meets expectations. After all, this is the first version, and there is still room for continuous iteration!

Looking forward to the launch of frBTC!
#BTC

The first trustless AMM on Bitcoin is now live. Contracts have been deployed
Pools have been created, built on alkanes.

Currently live:
1. Mainnet contracts are online (UI not yet open)
2. Signet UI application for testing → app.oyl.io
3. Documentation for developers → docs.oyl.io

Coming soon:
1. XP verification display + $DIESEL claim
2. Stablecoin liquidity (from ETH stablecoin <-> bUSD Alkane)
3. Partner integrations
4. Full mainnet UI launch

The foundation has been laid, now it's up to you to create. building alkanes!
#GENIUS稳定币法案

It seems like we are preparing to publicly launch the AMM experience on signet. Let's talk about signet.

What is signet?
Signet is a Bitcoin testnet primarily used for development and testing purposes. Developers can test new contracts or wallet features on Signet first to ensure there are no issues before deploying to the mainnet.

How to obtain a signet address?
Please switch your wallet network to the signet type; signet addresses start with 't' and the icon color is purple, not the orange big coin, and not the green big coin, so make sure not to choose incorrectly.

How to obtain sbtc (test btc on signet)?
[Free version] You can currently receive sBTC test coins through 2 faucets.
Faucet: signetfaucet.com (0.00001 each time)
[Paid version]
You can directly purchase from bisell.site/buy/88.
I have personally used it and it is available for purchase. If you really don't have time to collect from the faucet or find it troublesome, you can consider buying directly, which is currently quite cheap; 0.1 sbtc only costs 1U. Usually, getting a few U is enough; you don't need a lot. [Not an advertisement, just providing a way to obtain test coins]

Signet Bitcoin Block Explorer
Signet Explorer: mempool.space/signet (recommended)

#alkanes #methane

Latest Progress Update:
1. Airhead and Oylwallet both announced that there will be content to be released today.
2. Based on last night's Methane community space, the content is expected to be a complete AMM public test and experience to be released on Signet today.
3. Prepare your Signet BTC, you can start experiencing it as soon as the announcement is released!

Bitcoin smart contracts, Bitcoin AMM, Bitcoin flash loans—these innovations are gradually becoming a reality at Alkanes.
BTCFi is not an empty slogan; real change is quietly taking place.
If you choose to ignore it, we have no intention of forcibly convincing you.
But the tide of history will always belong to the brave warriors who are foresighted.
Alkanes will take you to witness the new era of BTCFi! 🚀
#Alkanes #METHANE #bitcoin

What is an Alkanes Contract?
Alkanes contracts are smart contracts that run on the Bitcoin network and have programmable features similar to Ethereum smart contracts. They allow developers to create decentralized applications (dApps) directly on the Bitcoin Layer-1 blockchain without the need for additional layers or sidechains.

The main features of Alkanes contracts include:
1. Native Bitcoin Integration: Contracts interact directly with Bitcoin transactions and UTXOs
2. State Management: Maintains the contract state between interactions
3. Composability: Contracts can interact with each other

Alkanes contracts typically include:
1. State Storage: Key-value storage used to maintain contract data
2. Opcode: Numbered functions that define contract operations
3. Response Handling: Logic for returning data and managing assets
4. Asset Management: Capability to handle Bitcoin and Alkanes tokens

Similar to other smart contract Layer 1s, Alkanes contracts provide a flexible programming model for implementing decentralized applications. Developers can write any business logic and computations. This means contracts can implement complex financial instruments, governance systems, games, or any other programmable interactions. The EVM provides a consistent execution environment where code behavior is deterministic, and state changes are atomic.

Contracts can store complex data structures and maintain state across transactions. This allows concepts such as account balances, voting weights, or accumulated interest to be intuitively modeled. Moreover, the interactions and composability between contracts are also primary features. Thus, contracts can call other contracts, transfer assets between them, and build on existing protocols to create composable complex DeFi primitives: lending protocols can integrate with AMMs, which can then be used by yield aggregators, and deposited into governance systems, etc.
#BTC #烷烃 #甲烷