Oyl | Building Alkanes

Cardano and @DraperDragon today announce the initial phase of the strategic $80M Draper Dragon Ecosystem Fund, the @OrionFund, to drive institutional adoption. The Cardano Foundation is proud to serve as constitutional administrator, providing essential technical and ecosystem support to align with the core principles of the Cardano network.

1/ To Alkanes - this is a new chapter. There is no easy way for me to share this - Oyl Corp will be winding down active operations. We gave everything to build the first programmable metaprotocol on Bitcoin. Alkanes is live, immutable, and running on L1 forever. It will long outlive our company, in fact, we believe it will create greater value than it ever has in the coming future. 2/ To everyone who clocked in, traded on the AMM, minted Airheads, experimented with Alkanes contracts, or just believed in what we were doing — thank you. This community showed up in ways I never expected. 3/ The AMM contracts are open-source and immutable. They run on Bitcoin. No company needed. They'll keep working as long as Bitcoin does. The Oyl wallet and frontend will transition to community stewardship led by @SUBFROSTio — and alternative frontends are already live. 4/ Our team isn't disappearing. We're continuing as open-source contributors focused on DIESEL — the asset at the heart of Alkanes, living on-chain forever. 5/ @SUBFROSTio is stepping up to lead Alkanes development and infrastructure upgrades. Their CTO @judoflexchop has been here since day one. Alkanes is in good hands. In the near future, along with the SUBFROST team, we will announce the official tokenomics of DIESEL, including investor allocations (incl. Whale Passes). As for the Oyl team's DIESEL allocation, we cannot touch it until the asset itself is a success. This will be made clear in the tokenomics. Long live Alkanes 🛢️

1/ To Alkanes - this is a new chapter. There is no easy way for me to share this - Oyl Corp will be winding down active operations. We gave everything to build the first programmable metaprotocol on Bitcoin. Alkanes is live, immutable, and running on L1 forever. It will long outlive our company, in fact, we believe it will create greater value than it ever has in the coming future. 2/ To everyone who clocked in, traded on the AMM, minted Airheads, experimented with Alkanes contracts, or just believed in what we were doing — thank you. This community showed up in ways I never expected. 3/ The AMM contracts are open-source and immutable. They run on Bitcoin. No company needed. They'll keep working as long as Bitcoin does. The Oyl wallet and frontend will transition to community stewardship led by @SUBFROSTio — and alternative frontends are already live. 4/ Our team isn't disappearing. We're continuing as open-source contributors focused on DIESEL — the asset at the heart of Alkanes, living on-chain forever. 5/ @SUBFROSTio is stepping up to lead Alkanes development and infrastructure upgrades. Their CTO @judoflexchop has been here since day one. Alkanes is in good hands. In the near future, along with the SUBFROST team, we will announce the official tokenomics of DIESEL, including investor allocations (incl. Whale Passes). As for the Oyl team's DIESEL allocation, we cannot touch it until the asset itself is a success. This will be made clear in the tokenomics. Long live Alkanes 🛢️

I GENUINELY think Ive hit the holy grail for what a launchpad on L1 Bitcoin SHOULD look like.. It has what I believe to be the MOST important (and hardest to get right) components for any launchpad on Bitcoin to succeed longterm, which are: - Zero custody - Gas-less mints before bonding - COMPLETELY risk free participation before bonding - UTXO model completely abstracted away. - Extensibility to implement more metaprotocols in the future (starting with Alkanes initially) . No launchpad that exists currently has hit all 5 of these simultaneously I will be sharing more and more about pizza.fun over this next month as I prepare for launch, and i'm incredibly excited for whats coming next. @oylwallet @tacoclickerbtc

Integrating alkanes runtime into Titan indexer to bring frBTC and Alkanes to the @saturn_btc DEX. Yes, swapping a frBTC ↔️ DOG pool will finally be possible. One step closer to frBTC on @ArchNtwrk 🏛️ ...