Ankit Jha

4.9K posts

Ankit Jha

Ankit Jha

@Ankit72019860

Community Moderator | Skilled in Discord server set-up| Moderator at @otus_finance

Katılım Mart 2021
305 Takip Edilen251 Takipçiler
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Ankit Jha
Ankit Jha@Ankit72019860·
The Real BTCfi is Here: Testnet V2 Unlocks Trust-Minimized nBTC on Sui We’ve reached a monumental milestone in the world of decentralized finance. With the launch of Testnet V2, we’ve not only proven the concept but also made a critical piece of infrastructure a reality: the ability to mint nBTC on Sui directly from Bitcoin Testnet. This isn’t just a technical upgrade—it’s a philosophical statement. By bringing the unparalleled security and value of Bitcoin to the high-performance, object-oriented Sui blockchain, Testnet V2 sets the standard for Bitcoin in DeFi (BTCfi). What Makes Testnet V2 a Game-Changer? For the first time, users can send native test Bitcoin and receive a trust-minimized, 1:1 pegged asset on Sui. The process is simple, seamless, and fully decentralized: 1. A user initiates a request on Sui. 2. They send test BTC to a designated address on the Bitcoin Testnet. 3. The decentralized system validates the Bitcoin transaction. 4. An equivalent amount of nBTC is minted on the Sui Testnet. This ensures that nBTC is secured by the Bitcoin network itself, eliminating the need for trust in external intermediaries—a truly native Bitcoin integration on Sui. Wrapped BTC vs. Trust-Minimized nBTC: Why Custody Matters WBTC is centralized—you rely on custodians to hold the keys, which exposes you to hacks, regulatory pressure, or other risks. nBTC is trust-minimized, using decentralized cryptography and verifiable on-chain proofs, secured by the Bitcoin network and Sui. WBTC requires trust in third parties, while nBTC stays true to Bitcoin’s ethos, giving you full DeFi utility without compromising decentralization Test the Future of Bitcoin We invite everyone in the DeFi community to stress-test Testnet V2. This phase is crucial to validate the security and speed of the minting process before Mainnet deployment. By participating, you’re directly contributing to the most secure, capital-efficient bridge for the world’s most valuable asset. Ready to get started? Dive into the details and join the testing environment today. Known Issues During Testnet Some users faced issues during testing, such as: - Wallet connection problems - Failed finalization - Transactions not processing due to amounts being too small or too large These problems mostly occur when users forget to add the devnet or try amounts that are too small or too large, which can prevent transactions from confirming. Many of these issues can be easily avoided by following the steps outlined in the official blog. Personally, I followed all the steps carefully and did not experience any problems. Resources for Deeper Understanding For a step-by-step guide on the minting process and the full technical breakdown, check these official resources: Official Testnet V2 Announcement Tweet/X: x.com/goNativeCC/sta… Detailed Blog Post: gonative.cc/post/fully-tru… #Native #TestnetV2 #nBTC #Sui #BTCfi #DeFi
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Otus
Otus@otus_finance·
If you've got idle USDC sitting on Coinbase, you're leaving money on the table. The shortest path from idle cash to working money: move from Coinbase to Otus in minutes. Deposit into Smart Yield Account and start earning.
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Nasbela
Nasbela@Nasbelaeth·
im nasbela NO ( Nasient ) 💀 you have 96hrs nasient.xyz
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Otus
Otus@otus_finance·
The biggest problem with onchain finance isn't complexity or risk. It's opacity. Most platforms tell you what they do in marketing copy. Almost none show you what's actually happening with your money. We built Otus differently. Starting today, we're making it visible.
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Otus
Otus@otus_finance·
London - we're live. Otus is on the UK App Store today🇬🇧 One account that earns the best yield across DeFi automatically. Built by a London team, for the London community. Get it now: apps.apple.com/gb/app/otus-sa…
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Solana@solana·
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Otus
Otus@otus_finance·
Most onchain yield products ask you one question: how much? We ask more: How hard do you want your money to work? What are you saving toward? How should we handle changes in the market? Your answers shape the strategy. The strategy adapts as things shift. That's why it's called Smart Yield - not just yield.
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tether wallet
tether wallet@tetherwallet·
The @btc faucet is open again! Claim Your Free Sats ⚡🚰 Step 1: Get your @ tether.me handle (Download Tether Wallet). Step 2: Post tagging @btc + your @tether.me handle. Step 3: Receive free Sats instantly! Follow @btc & @tetherwallet
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Otus
Otus@otus_finance·
The best returns used to mean the most effort. Not anymore. Open a Smart Yield Account, deposit, and go live your life. We'll handle the rest. Download today to claim a founding member spot → apps.apple.com/us/app/otus-sa… iOS, US to start.
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Otus
Otus@otus_finance·
Tomorrow.
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Solana
Solana@solana·
GM
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Otus
Otus@otus_finance·
The onchain yield market is efficient. Accessing it isn't. Checking rates. Moving between chains. Paying gas to rebalance. Spreading risk across protocols. The best rates shouldn't require the most effort.
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Base
Base@base·
This is literally the easiest job ever - Post “Based” - Get likes
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Otus
Otus@otus_finance·
We're now Otus 🦉 A new name and a new brand for the mission we've been building toward all along: wealth management that's personal, protective, and available to everyone. A smarter home for your money. More coming this week.
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Otus
Otus@otus_finance·
We're now Otus 🦉 A new name and a new brand for the mission we've been building toward all along: wealth management that's personal, protective, and available to everyone. A smarter home for your money. More coming this week.
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Otus
Otus@otus_finance·
if you were active in crypto over the last few years you probably have hundreds of dollars in forgotten tokens scattered across your wallets right now we built something that finds all of them — and consolidates them into stablecoins in one flow introducing the Compactor
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