Episode Details

Could dlcBTC Resolve the Issues With Wrapped Bitcoin? - Ep. 690
8/16/2024
Unchained

Key Insights

Bullish:

  • 🟢 $DLCBTC - Discussing the potential of DLCBTC as a safer wrapped Bitcoin and its expansion across various chains and partnerships.
    • We make d l c BTC as safer wrapped Bitcoin. So we're enabling Bitcoin to be wrapped to different chains like Ethereum.” - Aki (0:00)
    • We have launched on Arbitrum. We're the first native minted, rapid coin on Arbitrum.” - Aki (0:00)
    • We're soon gonna be on base. I've also been cleared by Ripple's marketing team to tell you we're gonna be on Ripple.” - Aki (0:00)
    • We do intend to launch DLCBTC as or on on any chain that supports DeFi.” - Aki (0:00)
    • We're partnering with Symbiotic, Caroc, and some of the, you know, eventually, Eigenlayer, some of the, just kind of restaking platforms that can take because there's sort of 2 ways to do restaking with this or staking.” - Aki (0:00)
    • We have a strong partnership with Curve.” - Aki (0:00)
    • We're in a process to list it as collateral in Aave.” - Aki (0:00)🔒
    • We use Chainlink CCIP bridge, and then we also use Chainlink proof of reserve.” - Aki (0:00)🔒
    • Chainlink's also building a a a a price feed oracle, which is great because most of the DeFi protocols want the Chainlink is the predominant kinda price feed Oracle provider for the Avis of the world.” - Aki (0:00)🔒
    • We're basically just bringing d l cbtc to any, you know, chain with DeFi where Bitcoiners might want to, you know, take advantage of yields there.” - Aki (0:00)🔒
    • We have a partner, Jasper Vault, that already uses DLC BTC to do something called 0 day options.” - Aki (0:00)🔒
    • We're talking to the same merchants, same financial institutions, But in our system, they don't send Bitcoin to us or to anyone. They lock it with themselves using this mechanism.” - Aki (0:00)🔒
    • We have right now, we have 1 merchant fully onboarded Amber Group, and we're bringing on the next 5, IMC, Hashkey OTC, talking to Cumberland, just kinda some of the big, you know, the big trading houses.” - Aki (0:00)🔒
    • We have decentralized with DLC BTC. Using this DLC mechanism, Alice locks with Alice.” - Aki (0:00)🔒
    • We have the same merchants, Amber Group, you know, Qobo. We're talking to the same merchants, same financial institutions.” - Aki (0:00)🔒
    • We have 15 node operators like Hashkey Cloud, EverStake, p2p, etcetera.” - Aki (0:00)🔒
    • We have chain link proof of reserve wrapped around it.” - Aki (0:00)🔒
    • We have 15 of them, and a threshold of 10, can publish the message to either mint DLC BTC or burn it.” - Aki (0:00)🔒
    • We are implementing this DLC invention. This is a Bitcoin invention.” - Aki (0:00)🔒
    • We have a close partnership with Chainlink.” - Aki (0:00)🔒

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