Charms

Bitcoin and Cardano are now united by Charms. 🟠🤝🔵 We sent eBTC and BRO to Cardano. We sent ADA, SNEK, and USDM to Bitcoin. We unlocked cross-compatible Rust+WASM dapps for both chains. The Universal App Protocol for UTXO, powered by zkVM.💎 Megathread; w/ receipts 🧵👇

Charms has now made a super simple UX to send bitcoin to Cardano from ANY wallet. 🟠➡️🔵 Enter your Cardano address. Send BTC to the provided Bitcoin address. Done. Yesterday I sent BTC from my personal wallet straight to Lace as eBTC. Give it a try! 👇

@BC3isWeb3 Mention your priblem in our Discord under troubleshooting. x.com/i/status/20491…

Hi, I tested it. When I send $BRO via Beam directly to an external (other) address, it fails (X Generate ZK proof Failed to fetch) and the fee gets lost. But if I send it to a Charms (Cardano) wallet address, it goes through in about 90 minutes, and from there I can send it to my own wallet without any issues.

"Beaming" is now available to all Bitcoin and Cardano users.🟠🤝🔵 Send BTC to Cardano mainnet as eBTC within the Charms Wallet interface in a few clicks. The UTXBRO era begins today, powered by Charms. 💎 Here's how to get started. 👇

@AThrouvalas Beaming is here 💎

It starts today. UTXBROs 🟠🤝🔵

Try everything yourself at wallet.charms.dev. Visit our website to learn more about Charms, and be sure to join the conversation on Charms Discord.👇 🔗charms.dev 🔗discord.gg/vQfFw2nhvf Here's to Day 1 of Bitcoin and Cardano's united future. 🟠🍷🔵

Once again, the longest step is awaiting finality. Expect a 30 to 60 minute wait. When completed, your eBTC will be redeemed for real BTC inside your Bitcoin wallet again, minus Bitcoin transaction fees and proving fees.

Charms is trying to make Bitcoin useful without making Bitcoin something else. In my chat with @AThrouvalas from @CharmsDev , the interesting bit was the design: Charms is aiming to move value from Bitcoin to Cardano and open the door to BTC DeFi through a UTXO-native approach. If that works, it matters for both ecosystems. What part of Bitcoin DeFi still feels overhyped to you?

Here's my 4-minute pitch for @CharmsDev - Bitcoin's Universal App Protocol - during Draper's @BTCFiNetwork program. 🟠💎 Program apps and assets on the Bitcoin network, written in mainstream languages, that are interoperable with both Web3 and TradFi. Watch. 📺👇

@AThrouvalas @BTCFiNetwork Charms lets you build anything on Bitcoin.💎

Batch 3 already. We continue to invest in the brightest founders building the future of the Bitcoin ecosystem. Join us live at 11 AM EST to see what these amazing teams have been working on @lxdev_ @OpenAgents @helios_finance @Resolvr_io @CharmsDev @PyrusFinancial

@TimDraper @lxdev_ @OpenAgents @helios_finance @Resolvr_io @PyrusFinancial Bitcoin's Universal App Protocol 💎🫡 at the ready

The BitcoinFi Accelerator has wrapped. 🎓 Demo Day is April 21st. Register now to be notified when the team pitches drop — and to get early access to the founders building the next wave of BitcoinFi. 👉 bitcoinfi.network/register

Cardano is coming to Charms Wallet💎 Soon to include built-in beaming for all Here it is for eBTC... we are so close Happy Monday folks 🟠🤝🔵

Here's a great example of a practical Charms app that makes bitcoin better money. @CharmsPay_ is a system for bitcoin-based subscription plans. Merchants can create a subscription plan directly on-chain, and users can subscribe to those plans using taproot wallets, paying their way in BTC directly. Subscription plans can come in all shapes and sizes: revenue for a SaaS platform, content creators wanting token-gated access, game devs implementing premium features, and so on. The underlying architecture is the same: - The author creates the plan and defines its rules inside an NFT - A subscriber locks BTC in a Scrolls vault from which BTC is periodically deducted to stay subscribed. - The subscriber receives fungible plan tokens for their BTC payments, which are burned or deducted as they're consumed by the service. The creator, Ridwan Oseni, is first honing in on a core use case: bitcoin-based payroll services. I personally love this idea. While Bitcoin is too slow and expensive for most consumer payments, payroll/salary payments are typically delivered in large monthly batches, making it viable for an L1 subscription system. Contractors and employees who use bitcoin as a store of value appreciate receiving direct BTC payments. Likewise, businesses that keep their balance sheets in BTC appreciate being able to pay in BTC without first converting to fiat. An open platform for creating Bitcoin-based payroll plans, without stressful KYC onboarding, is a no-brainer in my view. I have to love the tech here too, because it combines multiple elements of the charms stack to make something truly unique: NFTs, subscription tokens, and Scrolls vaults. When this thing goes live, I'd use it. You can view the GitHub below! 👇 🔗github.com/RidwanOseni/ch…