Magic Protocol

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Magic Protocol

Magic Protocol

@magicstx

Swap Bitcoin to xBTC on Stacks. Decentralized, trustless, open-source. ✨

Inscrit le Ocak 2022
97 Abonnements943 Abonnés
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Magic Protocol
Magic Protocol@magicstx·
✦ Magic is live on mainet! Magic is a protocol for atomic swaps between BTC and xBTC on @Stacks. Magic is open-source, on-chain, decentralized, and trustless. Here is a quick video showing 1 BTC → xBTC → BTC on mainnet ✨
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Magic Protocol retweeté
stacks.btc
stacks.btc@Stacks·
⭐ $BTC 🤝 $xBTC ⭐ New: @magicstx announces first xBTC mainnet front end & $50K liquidity supply for swapping $BTC to xBTC 👉 Magic Bridge allows Bitcoin holders to move $BTC to the L2 & enables apps to offer a native Bitcoin on-ramp What this means for Stacks 👇 (1/5)
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Magic Protocol
Magic Protocol@magicstx·
Ready to swap? - Visit Bitswap.so - Enter the amount of BTC to swap - Bitswap will match your swap with a specific supplier - Magic derives a deposit address for the atomic swap - Wait for a couple txns - You receive xBTC and supplier receives BTC
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Magic Protocol
Magic Protocol@magicstx·
📣 First native on-ramp for Bitcoin on @Stacks! The Magic Protocol allows Bitcoin L2 apps on @stacks to onboard Bitcoin L1 liquidity, tapping into Bitcoin's $500 billion market cap. Bitswap (Magic front end) has just launched and has added $50k in liquidity.
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Magic Protocol
Magic Protocol@magicstx·
Nice. Very helpful 🤝
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Mark Hendrickson
Mark Hendrickson@markymark·
Furthermore, we’ll support swaps from BTC to stablecoins and various forms of wrapped bitcoin (e.g. xBTC via @magicstx or non-custodial sBTC). This will save users time and effort by queuing up any sequence of transactions necessary to complete the swap twitter.com/magicstx/statu…
Magic Protocol@magicstx

✦ Magic is live on mainet! Magic is a protocol for atomic swaps between BTC and xBTC on @Stacks. Magic is open-source, on-chain, decentralized, and trustless. Here is a quick video showing 1 BTC → xBTC → BTC on mainnet ✨

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Mark Hendrickson
Mark Hendrickson@markymark·
The Hiro Wallet team is hard at work adding Bitcoin support. You'll soon deposit and manage your BTC alongside your STX, then deploy that BTC inside Web3 apps built on Stacks 🧵 Here’s a thread with early mockups of what we have in mind… wallet.hiro.so
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Magic Protocol
Magic Protocol@magicstx·
"I want this before Sunday" "I can't wait to see this born!" "Is it weird if I send emoji kisses?" "Can’t wait 🔥🔥🔥🤟" "We will be integrating the Magic protocol" Ty @stacks community for all the ❤️ More on Magic here: twitter.com/magicstx/statu…
Magic Protocol@magicstx

✦ Magic is live on mainet! Magic is a protocol for atomic swaps between BTC and xBTC on @Stacks. Magic is open-source, on-chain, decentralized, and trustless. Here is a quick video showing 1 BTC → xBTC → BTC on mainnet ✨

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Magic Protocol
Magic Protocol@magicstx·
"Would love to work together to enable bitcoin DAOs" "Hyped for this" "I don't understand much, but it sounds good!" "Welcome aboard. Atomic swaps ftw." “This is a huge deal for Bitcoin-Stacks” "Can’t wait to try this and tell folks about the experience"
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Magic Protocol
Magic Protocol@magicstx·
Gm. Have you heard about Magic anon? 🧙‍♂️ "Magic Bridge looks incredible" "Bombshell product" "This would be a game-changer" ”A big step for Bitcoin” "Amazing. This is what I was waiting for" "Love what you guys are building with magic"
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Magic Protocol
Magic Protocol@magicstx·
Want to use Magic in your favorite Stacks app? Want the capacity to increase? We do too! Tell the app team to integrate magic and host a supplier. More details can be found here: magicstx.gitbook.io/magic-protocol…
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Magic Protocol
Magic Protocol@magicstx·
Some quick stats ✨ Total volume: 5.201255 BTC Total inbound: 3.101 BTC Total outbound: 2.100255 BTC Total fees: 0.00455973 BTC Average fee: 0.00045597 BTC Average fee %: 0.088 Total swaps: 10
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Magic Protocol
Magic Protocol@magicstx·
✦ The Magic protocol is live on Stacks mainnet! Here is the contract showing swaps of mainnet BTC to mainnet xBTC. Most of the activity so far still looks like testing: explorer.stacks.co/txid/SP1WN90HK…
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Magic Protocol
Magic Protocol@magicstx·
✦ Magic is live on mainet! Magic is a protocol for atomic swaps between BTC and xBTC on @Stacks. Magic is open-source, on-chain, decentralized, and trustless. Here is a quick video showing 1 BTC → xBTC → BTC on mainnet ✨
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