dylan.btc

Expanding Bitcoin Markets @bitflow 🟧🌊

Bitcoin-native apps on Stacks are becoming the default rails for BTC/USD transfers. Congrats to Bitcoin DEX Founder @dylan_ and the @bitflow team on the latest HODLMM launch success.

Autonomous AI agents on Stacks are earning BTC. Pass it on. (Quote from product report by @stacy_muur)

@SlumArtistBTC @bitflow If concerned about finality, try to reorg and filter out a confirmed transaction

@dylan_ @bitflow Volume is a trailing indicator of capital efficiency. Concentrated liquidity optimizes the extraction of yield, but the protocol’s integrity remains independent of the numbers on the screen. Reality is measured by finality, not the velocity of USD.

Over $160,000,000 USD worth of tokens have moved through the @bitflow concentrated liquidity engine, just 2 weeks since launch Read that again.

Promised a full breakdown on @Stacks. Here it is. Quick recap if you missed the last post: Stacks has paid out users 3,700+ BTC, avergaing 10% APY through its Stacking mechanism. Now, they're building the first Self-custodial Bitcoin Staking. You hold your own BTC, earn yield in BTC, and the more STX you commit as staking capacity, the higher your yield goes. Let's take a look at the ecosystem powering it ↓ 1️⃣ DeFi @bitflow is the main DEX. They launched HODLMM, a concentrated liquidity engine built for Bitcoin. The play is BTC/USD trading on Bitcoin rails instead of routing through Ethereum or Solana. Shipped first week of March. @ZestProtocol handles lending and borrowing with over $80M in TVL. Bitcoin supplied, Bitcoin yield paid out, and a clean liquidation record with zero bad debt so far. They're also supporting borrow markets for Circle's USDCx. @HermeticaFi has USDh, a Bitcoin-backed stablecoin, and is now shipping hBTC, a Bitcoin Earn Vault. One-click deposit, non-custodial, all profits convert back to BTC. Circle chose Stacks as the only Bitcoin L2 for native USDC through xReserve. Not wrapped, but natively issued. StackingDAO offers liquid staking for STX with yield paid in sBTC. 2️⃣ Institutions The infrastructure institutions already use is plugged in: → Fireblocks: institutional Bitcoin DeFi workflows → BitGo: qualified custody for BTC and sBTC → Grayscale: STCK trust live on OTC markets → Fordefi: SOC 2 Type II execution, EY audited → Figment: enterprise staking, Stacks node operator → Blockdaemon: node infra, sBTC signer → 21Shares: regulated ETP with built-in staking rewards → Nansen: onchain analytics → Wormhole: cross-chain liquidity starting with Solana and Sui → Coinbase 50 Index inclusion → Asymmetric Research: independent security analysis → Immunefi: ongoing bug bounty programs Most Bitcoin L2s don't have a single one of these. Stacks has all of them live. At Token2049 Singapore, @muneeb talked about hedge funds and Bitcoin treasury companies actively looking at Stacks for BTC yield. That conversation is already happening. 3️⃣ AI Agents @aibtcdev has 140+ autonomous AI agents on Stacks earning BTC. Trading on Bitflow, making pay-per-request API calls through x402, building onchain reputation. It's early. But agents earning and transacting in BTC through Stacks is live, not theoretical. 4️⃣ The Data → $545M sBTC TVL across 7,400+ holders → DeFi TVL in STX up 120.8% QoQ, daily transactions up 153.5% YoY → Highest new account creation since 2023 in February 2026 → Dual Stacking ranked #1 BTC yield strategy paying out in BTC No other Bitcoin L2 has the yield, the infrastructure, and the data to back it up. Stacks does. Stacks is growing Bitcoin. Disclosure: I hold $STX

This is amazing to see just 2 weeks since launch. Congratulations to @dylan_, @DiegoMey and the rest of the @bitflow team!

Proud of our team. We’re playing to win. It’s March Madness. Ball up top.

Also any BTC liquidity deployed to these new Bitflow pools (at any price) now counts towards Dual Stacking. More yield More deposits More volume More pairs More fun

Institutions are now buying 3x more Bitcoin per month than miners can produce. Last time this happened Bitcoin doubled in 4 months.

It may be obvious in hindsight that we actually built crypto for the machines

Just in: hello @Stacks on the The Block front page. Engineers at Stacks Labs continue to ship throughput improvements for Stacks for better UX and AI Agent experience. Team is working hard to make sure Stacks is front and center in the media.

AI agents are starting to transact real value, trading, paying for APIs, even interacting with each other autonomously. Most of this is happening on stablecoins & ETH rails for now, though ecosystems like @Stacks are exploring how this could work with Bitcoin. Why do you think BTC hasn’t been the default here?

As a rule of thumb, I'm not really into Bitcoin yield. It always seemed to me that it's not worth pulling my BTC from a cold wallet only to earn a 1.4% APY lol. But I'm making an exception with @Stacks. They've been running a Stacking mechanism for 130 cycles now, distributing ~4,000 BTC in rewards, that's ~10% APY in actual BTC. The Stacking is pretty simple: - Lock your STX for a cycle - Miners use that commitment to participate in block production - Earn BTC rewards in return No other Bitcoin L2 was able to offer something even close to these rewards. I think Stacks's place as the leading Bitcoin L2 is safe for the foreseeable future. Disclosure: I’m an $STX holder

@setzeus let it rip tater chip

White paper draft for [redacted] implementation on Bitcoin now done 🙌 Would any of my lovely friends like to proofread / edit it before I hit the publish button? First time designing something ~somewhat~ innovative, exhilarated & nervous.

Crypto has proven that making early stage startups more liquid is generally a really bad thing for the product and its users. Need to hit PMF before a big liquidity event optimally. The price discovery argument doesn't have much good data backing it up. But I think there's a very good argument for tokenizing the equity of growth stage companies that have hit PMF and would benefit from a more liquid market pricing their value. Would benefit early employees that want to exit, and give opportunities to investors that want to get in before IPO. Additionally, it would be valuable in a "truth seeking" sense for the same reason prediction markets on other events are valuable. Keeps things grounded and realistic and might be a corrective mechanism for over/under valuation in private markets where prices usually are opaque and stepwise. There just really isn't that much to "truth seek" when it comes to seed stage startups. They are just starting. I think we're going to see crypto + legal engineering solve this problem in the next 3 years and mature crypto to a large degree.

@crest_btc @citrea_xyz neat

Privacy for Bitcoin has arrived. Crest is a privacy-first Bitcoin mobile wallet powered by a zero-knowledge privacy pool built on @citrea_xyz. Today, we’re opening closed beta. Encrypt your Bitcoin

If you guys haven't figured it out yet, almost all Defi/DAO token are truly uninvestible from my pov. Aave governance with Stani ruining the Aave token just made all this even more clear As it currently stands you have to fade: -Grifters/consultants/3rd party teams continually looting the treasury overcharging for useless services and value extraction -Overcome fake governance votes where votes are done in a cartel fashion and not in the interests of any actual retail token holders -Dodge left tail risk in the sense a team in any given moment will drive accrued value to equity or 3rd parties instead of the native token because there are absolutely zero shareholder rights except selling your tokens at a loss if/when this happens All of these things while trying to command premium P/E's in a space where disruption happens fast, cyclical revenue patterns, is just not a good usage of investor capital unless specific circumstances align perfectly The only investible model to me moving forward is: -The team completely owns the decision making/roadmap, no fake DAO stuff -Has long term incentives tied to the token value -Has made any equity a zero, both in their words and their actions -Has actual integrity so you do not have to watch them 24/7 and waste energy scrutinising every decision they take If a protocol does this, it allows you to then at least bet on a team and not just get sucked into a broken DAO model that will incinerate your capital. The model of the last 5y of trying to double dip (both equity and token) while doing the whole 'trust me bro' with respect to the token not being a zero is IMO finally officially over

0/ PropAMMs are one of the most important innovations in market microstructure in years, possibly decades. A thread