Sundial

Big news from @ParisBlockWeek!🇫🇷 @SundialProtocol has officially launched its Bitcoin Yield Testnet and is natively interacting with the Bitcoin network.☀️ Explore our newly released testnet and see how Bitcoin-native yield can feel when the full flow stays rooted in Bitcoin infrastructure. sundialprotocol.com/dashboard

ALCHEMY DEMO 🔥📺 I minted FIRE (BTC+) tokens on Bitcoin testnet yesterday, directly through our UI. Extremely easy, done in three minutes, all visible on the chain. This is how it will feel to use the first Bitcoin Treasury Protocol. 👇

Hey Chris! Good to hear from you dude. Solid question. Here's where delivery stands: What exists today (Charms testnet, live now): • Passkey-based BTC wallet creation • Testnet BTC → test FIRE minting • One-click export to native Charms wallet (beaming to Cardano active) • Explorer visibility + mempool "spell" marking • Live vault supply tracking on the Alchemy page What the proposal funds (the Alchemy product layer): We're jointly building the meta-protocol rails, then the product, liquidity, and accountability layer on top - so reserve architecture, FIRE/ICE safety mechanisms, institutional capital formation, and the compliance/governance framework that makes this economically viable for Cardano. Besides Charms being in testnet, on the Sundial side our BTC locker is also audited and in testnet, L2 testnet is advancing super well, and we have major BTC yield partnerships in discussion. So the demo shows the bridge works (we'll do a fuller video on this all very soon!). The treasury ask gets it from testnet to production-ready protocol with launch liquidity and accountable delivery. I'm keen to walk through the technical architecture in more detail if helpful. Plus the video coming soon will help a lot with this.

The proposal is live. 🟠🤝🔵 Alchemy by Sundial x Charms: Cardano-Native Bitcoin Treasury Protocol. Support our effort to grant Cardano its first killer Bitcoin app. 👇 🔗#0" target="_blank" rel="nofollow noopener">gov.tools/connected/gove…

Our Alchemy Treasury Proposal is now live!☀️ Alchemy is the first Bitcoin treasury protocol that reimagines Strategy’s digital credit model as a blockchain-native BTCFi app and asset pair on Cardano. Thanks to all of the community for the feedback we received on our initial announcement. We have taken all of this into account to adjust and perfect our ideas. Make sure to read the proposal below, and we will be happy to answer any questions👇 #0" target="_blank" rel="nofollow noopener">gov.tools/governance_act…

@midgardprotocol is getting faster ⚡ At @SundialProtocol, we’re pushing #L2 to institutional-grade #performance. No assumptions — just benchmark, fix, repeat. Upstreaming soon ⏫⏫⏫ 👇bit.ly/sundial-l2-per…

Let's take another look at our latest product, Alchemy✨ Bitcoin has become the world's leading digital asset, but it still presents a challenge: for long-term holders, it isn't productive. Alchemy, in partnership with @CharmsDev, is designed to solve this by transforming a shared BTC reserve into two complementary assets tailored to different risk profiles. 🔥 FIRE (BTC+) - High-temperature Bitcoin FIRE concentrates Bitcoin's volatility into a single asset. As BTC appreciates, FIRE holders capture amplified upside. In return, FIRE absorbs downside volatility first during market declines. The result is a BTC-backed asset designed for users seeking greater exposure to Bitcoin's long-term growth potential. 🧊 ICE (BTC-) - Low-temperature Bitcoin ICE takes the opposite approach. By filtering out much of Bitcoin's short-term volatility, ICE provides more predictable, USD-denominated growth while remaining backed by the same underlying BTC reserve. The relationship between FIRE and ICE is what makes Alchemy unique. FIRE holders provide the volatility buffer that supports ICE's stability, while ICE holders enable FIRE's amplified exposure. The model draws inspiration from the growing demand for Bitcoin-backed credit products seen in traditional markets, but reimagines them as a transparent, blockchain-native system. Instead of relying on corporate issuers and intermediaries, FIRE and ICE are created through protocol rules and direct BTC redemption. The broader idea is simple: Not every Bitcoin holder wants the same thing - some want productivity, and some want predictability. Alchemy makes both possible from the same Bitcoin reserve.

☀️ Want to hear more about our newest product, Alchemy? One of our Senior Developers, @sde_laney, and co-founder of Charms, @AThrouvalas, are about to hop on the Space below and explain exactly how it works and our next steps! Jump on below to hear more ⬇️ x.com/i/spaces/1RKZz…

GM Cardano, To understand how Alchemy will ignite Bitcoin DeFi in your ecosystem, you must see how the economics of FIRE (BTC+) and ICE (BTC-) actually work. Think of Alchemy like the first onchain, bitcoin-backed bank. FIRE holders are like the equity holders in the bank, while ICE holders are like customers with a savings account. Observe the simulator below. Both assets are minted with BTC, and backed by the same BTC reserve, but their value reacts to bitcoin's price changes in vastly different ways that appeal to different investor profiles. FIRE is amplified exposure. When BTC moves, the FIRE price moves with it, and then some. It's even more volatile than BTC in the short term, with potential for even greater gains than BTC in the long term as the asset keeps appreciating. ICE is the opposite. It provides gradual growth in USD - less than BTC's long-term growth rate (starting around ~9.5% to 10% APR estimated). In return, holders don't need to sweat the volatility: ICE holders' exposure doesn't change whether the price goes up or down. The assets are complementary. FIRE minters provide the downside buffer for risk-averse ICE holders. ICE holders provide the amplified upside for risk-tolerant FIRE holders. In a sentence: Alchemy *strips* bitcoin's excess volatility and risk away from ICE , and concentrates it into FIRE. This is the same economic structure that Strategy is using to take the securities market by storm. MSTR ($42 billion) is an amplified bitcoin. STRC ($10.4 billion) is a stabilized bitcoin. Both are insanely popular. Why? Because not every investor wants or needs the same thing. Some want their BTC to be *productive.* Others want their BTC to be *predictable.* With Alchemy, bitcoin users can finally have both. And they can use it on Cardano. 🟠🤝🔵

FIRE makes bitcoin productive. 🔥 ICE makes bitcoin predictable. 🧊 Transform your BTC with Alchemy. Use it on Cardano. 🟠🤝🔵

Evaluating proposals shouldn't be exhausting sundialprotocol.com/alchemy

I believe Cardano can turn around for the better. All it really needs is one killer app, built on Bitcoin. That's what Alchemy, powered by @CharmsDev and @SundialProtocol, is meant to be - and why we're making a Cardano treasury proposal to bootstrap the project. This is the *first* blockchain-native take on Strategy's Bitcoin Treasury model: the one that produced the MSTR and STRC equities that are the biggest stories in crypto today. You must understand the demand. MSTR is worth $42 billion, and trades $2.6B per day. STRC is worth $10.4 billion and trades $386 million per day at just 11 months old! Strategy has discovered Bitcoin's killer financial product, and yet *nobody* has created the transparent, always-on, and permissionless version. That is our opportunity. Cardano can finally be the first to bring this killer app to DeFi, attracting an unprecedented wave of TVL and demand to its ecosystem and projects within the year. Want proof? Adjacent products - tokenized STRC-backed stablecoins (Apyx, Saturn) - have already drawn over $750m in TVL on other chains, and have only been live for under 5 months. Meanwhile, the vast majority of these assets are trading in adjacent DeFi products like Pendl and Morpho, and are the dominant assets on those protocols, proving how they bring insane activity to the surrounding ecosystem. When you have the right product, adoption can happen almost overnight. A new wave of opportunity in DeFi is emerging - "digital credit" - and Cardano must not miss it again. We welcome all DReps to provide feedback on our proposal before we submit it on-chain. Anyone who has questions about Alchemy, do not hesitate to ask me!

The fight back for ADA and BTC begins now. ⚔️ We at @SundialProtocol and @CharmsDev are partnering to turn the tides for our ecosystem. I call on you to join! 🫵 Let's build the infrastructure and products that move the market to Cardano + Bitcoin.

@AThrouvalas @CharmsDev 🫡

@SundialProtocol @CharmsDev A L C H E M Y 🔥🧊💎

☀️ Sundial is proud to partner with @CharmsDev on our newest initiative: Alchemy - a new Cardano-native Bitcoin Treasury and liquidity system. Alchemy is designed to bring proven Bitcoin-backed structured product demand on-chain, positioning Cardano at the forefront of one of BTCfi’s fastest-growing categories. Alongside this announcement, Sundial and @CharmsDev will soon be releasing a Cardano treasury proposal to help bring this vision to life. We welcome feedback from the community before the proposal goes live. More information coming soon. Link to Article: medium.com/p/e437c964c3b6

Our bug bounty program has been going for a week now. Here's the breakdown of the 229 reports we've received: 14 new & untriaged 215 withdrawn / informational / out of scope 0 low severity findings 0 medium severity findings 0 high severity findings 0 critical findings 😏

Happy Thursday! Make sure to check out our discussion with @atriumlab from yesterday in case you missed it👇

Don't miss out on hearing from our CEO @_MrHunt_ alongside @atriumlab today at 16:00 UTC!☀️