Torben Poguntke

@txpipe_tools Thank you @txpipe_tools and @santicarmuega for making my Cardano dev journey a pleasure for more than five years now. I will never use dbsync again. ;)

Dolos v1.1 is out 🚀 The goal of this release was simple: drive down the cost of running a Cardano backend. Result: 3 GB of RAM. Indexed, queryable, live sync👇🧵

DeFi built roughly $50B in "lending" markets. Almost none of it works the way lending works elsewhere. Default means price moved, not missed a payment. There are no terms, no maturities, no covenants. That's leverage infrastructure. It's useful. But it's not credit.

Stablecoin supply follows demand. The question is where organic demand comes from. Credit markets are one answer. When borrowers take loans denominated in stablecoins against collateral, that's real demand, not circular farming. Grow the use cases that need stablecoins and the supply follows.

Stablecoins on Cardano $ADA currently sit at roughly $50M in market cap. With USDCx as the most dominant, followed by USDM. Since stablecoins are the backbone of DeFi, the question is: what can we do to grow this number?

@BitcoinNews Bitcoin cannot just sit on a balance sheet. We need to make it productive capital. The infrastructure is not there yet but it is possible to build it. With a production grade BitVM and a credit market system that honors the core principles of Bitcoin.

📲 Block #Bitcoin Product Lead Miles Suter spoke on living solely off $BTC live on-stage at Bitcoin 2026. Suter said, "If Bitcoin doesn't function as peer-to-peer electronic cash, if it just sits on balance sheets, it loses the quality that makes it transformational."

Mithril is Cardano's most underrated piece of infrastructure. State proofs and the ongoing work on recursive SNARKs for Mithril are what makes real cross-chain verification possible. This is the interoperability tech that lets Cardano reach users and capital beyond its own ecosystem. More adoption of it benefits every builder here.

You may have started seeing some posts from these guys. We're the new maintainers of the daedalus wallet and 8.0.0 is our first release which adds mithril support for fast bootstrap. If you are an spo and still not running a mithril signer, it is time to get involved. Mithril is critical infrastructure as cardano integrates more outside of its pond. It's the same team as dripdropz plus some members, minus some others. Doxed team is below.

So a question that sat open for most of Bitcoin's history. If Bitcoin won't run the verifier, can a system still treat Bitcoin as the place verification ultimately settles? The answer turned out to be yes. It just took a while to find.

Adding verification opcodes has been proposed many times and consistently rejected. Not anti-innovation. A position about where complexity belongs. Keeping the base layer immutable while letting verification move forward elsewhere has been the more durable choice.

Bitcoin Script can't run a loop. It can't do pairing operations. It can barely do arithmetic. It can verify signatures, hashes, and timelocks. That's exactly what it was built to verify, and it hasn't changed since the beginning. Follow the evolution. @pogun_io @blockjock2017

Thanks @__fallen_icarus! @yutazzz my humble opinion: most of the shortlist is technical upkeep and upgrades — all useful, but supply-side. Today, Cardano isn't necessarily short on capability, it's short on usage. Draper Orion and the DeFi Liquidity Budget are the two pieces balance that part with real ecosystem growth and usage. The 45M placeholder at #14 looks like the natural place to fit a couple more in that direction. Would love to see @pogun_io as one of them! Happy to answer any questions on the proposal. @blocksmithy and I are happy to talk anytime!

@BitcoinNews @F_Gregaard @Cardano_CF @_dsencil @ParisBlockWeek Both are UTxO chains, not a one-way street. A bridge with the trust anchor on Bitcoin and redemption enforced by Bitcoin consensus isn't a federated wrapper. Bitcoin DeFi anchored on Bitcoin with the functional layer elsewhere doesn't quietly turn into a custodial story.

Satoshis as gas fees on Cardano. That's where @F_Gregaard, CEO of the @Cardano_CF Cardano Foundation, starts his conversation with @_dsencil at @ParisBlockWeek. Bitcoin + Cardano, quantum, AI agents, and why BMW and Lufthansa are on chain.

The question is what it takes to build. Not as a whitepaper claim. As a deployed system: economics hold at scale, security is proven, dishonest behavior by any party doesn't break the guarantee for everyone else. For a long time, that was considered impossible. It isn't anymore.

"Trust-minimized" gets used loosely. The strict reading is narrow. A bridge whose security reduces to Bitcoin's own security plus the cryptographic assumptions of the primitives in the construction. Nothing else. Not a custodian, not a committee, not a threshold.

A user holding wrapped Bitcoin is trusting a custodian. A user bridging through a federation is trusting a threshold of signers. A user relying on a multisig is trusting a committee. Every major path for bringing Bitcoin into DeFi today asks the user to trust someone.

"Pogun bundles a non-margin credit market, yield infrastructure, and a trust-minimized Bitcoin bridge" - @jamieCrypto, News Lead at Bitcoin.com

The harder path: verifying claims on Bitcoin itself, using Bitcoin's own guarantees, without asking it to become something it isn't.

Custodial wrapping exists, and for some users it's fine. Institutional capital and anyone who values Bitcoin's properties at scale won't hold through a custodian. The counterparty exposure cancels the reason to hold Bitcoin in the first place.

A credit market is only as valuable as the collateral behind it. The execution layer (isolated positions, deterministic settlement, transferable debt) is where the design arguments have been made. The constraint that remains is the asset base.