
MacLane Wilkison
2K posts


@icobeast @TheTNetwork IIRC tBTC on Hydration/Polkadot is independently bridged via @_snowbridge rather than @TheTNetwork infra. That said, I'll scope it out for our app and see what we can do to support.
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@TheTNetwork Hey guys is there a reason there's no Hydration/Polkadot support? Would love to move my tBTC on Hydration either to the mother chain or cbBTC but there's no route and no option to connect polkadot wallets on the redeem page
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MacLane Wilkison retweetledi

TLDR: I joined @ethereumfndn as DeFi Coordinator
1] I got introduced to DeFi back in 2019 and stuck to it ever since. As narratives appeared and faded away, my general belief in DeFi stayed. I think today, more than ever, Ethereum is the right place to grow DeFi further. I'd like to help make this vision a reality 🙏
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@bergealex4 @januszg_ @kyletorpey The fees are paid in tBTC, misunderstood you as asking about the amount in my previous reply.
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@bergealex4 @januszg_ @kyletorpey Defillama tracker is relatively accurate defillama.com/protocol/tbtc
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@januszg_ @bergealex4 @kyletorpey Signers are paid in stables, not token emissions. And tbtc is profitable at the protocol-level.
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@bergealex4 @kyletorpey personally i think it's more "we like tbtc, so we'll run a signer" but in most cases your probs right
idk another incentive model
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MacLane Wilkison retweetledi

tBTC redemption fee waivers are now live for $T stakers.
1/4 Redemption fees of 20 bps can now be partially or fully offset by staking T on the new Threshold App. This helps BTC–tBTC pricing without changing how the bridge operates.
Minting remains free. Participation is opt-in with predictable parameters.
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MacLane Wilkison retweetledi

For users with both T and BTC, it's quite profitable to maintain the peg yourself. You can start by staking T here: #writeProxyContract" target="_blank" rel="nofollow noopener">etherscan.io/address/0x0184…
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Thoughts @TheTNetwork? True or nah?
CS Bastiat ⚖️@CSBastiat
I don’t know who needs to hear this, but just because your BTC is locked up on Bitcoin chain and not tokenized on Ethereum chain doesn’t mean the risk profile is automatically improved. There’s a solid chance that tBTC ok Ethereum will still require less trust than this system.
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As far as I'm aware, this is built on BitVM.
BitVM is very interesting but it's still a bridge by any meaningful definition. And you can't achieve the full theoretical 1-of-N security on a side chain (like Ethereum is in this case).
I personally consider the current implementation of tBTC to be significantly safer and more lindy than new BitVM implementations until those codebases become more mature. If and when they do, upgrading tBTC's honest majority assumption to a 1-of-N BitVM assumption (subject to the caveats above) could make sense.
It's great to see BitVM implementations start to reach production, but I do think the misleading marketing here is unfortunate.
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I don’t know who needs to hear this, but just because your BTC is locked up on Bitcoin chain and not tokenized on Ethereum chain doesn’t mean the risk profile is automatically improved.
There’s a solid chance that tBTC ok Ethereum will still require less trust than this system.
simo@alphaleaked
As a former Bitcoiner, I’m incredibly proud to announce our partnership with Babylon. For the first time, native (yes, native) BTC will be used as collateral on Aave. No bridges. No custodians. Purely trustless. Aave v4 will open a new market. Gentle reminder, btc market cap = $1.86T. Just Use Aave.
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MacLane Wilkison retweetledi

Bitcoin falls below $84,000 as central bank speculation drives losses.
@MacLaneWilkison tells @Forbes that the BOJ’s rate-hike signaling “has tightened global liquidity expectations and rattled risk assets,” as markets turn sharply risk-off ahead of key policy meetings.
forbes.com/sites/digital-…

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MacLane Wilkison retweetledi
MacLane Wilkison retweetledi

@MotoTuring @0xdasha @donalt @TheTNetwork Our previous work on FHE is carried on by @ravitals team @SunscreenTech.
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@CupOJoseph @0xSisyphus Working to get that chart turned around for NU/T holders soon.
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@CupOJoseph @NeriteOrg If we execute well and achieve the inflows I expect, @NeriteOrg will certainly be an opportunity we flag for depositors.
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While most founders sell, I’ve acquired an additional >2% of the total $T supply. Here’s why I’m doubling down on the work we’re doing at @TheTNetwork 👇
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