@magicstx profile picture
Magic Protocol @magicstx

Swap Bitcoin to xBTC on Stacks. Decentralized, trustless, open-source. ✨

Joined January 2022
  • Tweets 79
  • Following 97
  • Followers 948
18 Photos and videos
Pinned Tweet
Magic Protocol@magicstx
8 Sep 2022
✦ Magic is live on mainet! Magic is a protocol for atomic swaps between BTC and xBTC on @Stacks. Magic is open-source, on-chain, decentralized, and trustless. Here is a quick video showing 1 BTC → xBTC → BTC on mainnet ✨
1:32
23
62
175
Magic Protocol retweeted
stacks.btc
@Stacks
3 Aug 2023
⭐ $BTC 🤝 $xBTC ⭐ New: @magicstx announces first xBTC mainnet front end & $50K liquidity supply for swapping $BTC to xBTC 👉 Magic Bridge allows Bitcoin holders to move $BTC to the L2 & enables apps to offer a native Bitcoin on-ramp What this means for Stacks 👇 (1/5)
8
31
129
11,599
📣 First native on-ramp for Bitcoin on @Stacks! The Magic Protocol allows Bitcoin L2 apps on @stacks to onboard Bitcoin L1 liquidity, tapping into Bitcoin's $500 billion market cap. Bitswap (Magic front end) has just launched and has added $50k in liquidity.
4
9
58
11,222
more replies
Ready to swap? - Visit Bitswap.so - Enter the amount of BTC to swap - Bitswap will match your swap with a specific supplier - Magic derives a deposit address for the atomic swap - Wait for a couple txns - You receive xBTC and supplier receives BTC

2
5
637
Try it yourself 👇 bitswap.so/ More information about Magic ✨ magic.fun/ Here is the Bitswap announcement 📣 x.com/baigi/status/168640496…
Hassan Baig@baigi
1 Aug 2023
Excited to announce $50K liquidity supply for #MagicProtocol to enable BTC → xBTC swapping on @Stacks. Experience it now on the mainnet frontend at bitswap.so. For help, visit: discord.gg/RuSePb7q Let's go! @magicstx 🚀
2
10
703
Magic Protocol retweeted
Hassan Baig@baigi
1 Aug 2023
Excited to announce $50K liquidity supply for #MagicProtocol to enable BTC → xBTC swapping on @Stacks. Experience it now on the mainnet frontend at bitswap.so. For help, visit: discord.gg/RuSePb7q Let's go! @magicstx 🚀

4
12
59
10,246
Nice. Very helpful 🤝
This tweet is unavailable
2
6
614
Magic Protocol retweeted
Least Authority@LeastAuthority
13 Jan 2023
Our team recently completed a #securityaudit of @magicstx. You can review the full report and our findings here: leastauthority.com/blog/audi… #BTC #MagicProtocol
Least Authority logo

ALT Least Authority logo

6
7
67
7,209
Gm. Have you heard about Magic anon? 🧙‍♂️ "Magic Bridge looks incredible" "Bombshell product" "This would be a game-changer" ”A big step for Bitcoin” "Amazing. This is what I was waiting for" "Love what you guys are building with magic"
1
1
9
"Would love to work together to enable bitcoin DAOs" "Hyped for this" "I don't understand much, but it sounds good!" "Welcome aboard. Atomic swaps ftw." “This is a huge deal for Bitcoin-Stacks” "Can’t wait to try this and tell folks about the experience"
1
3
"I want this before Sunday" "I can't wait to see this born!" "Is it weird if I send emoji kisses?" "Can’t wait 🔥🔥🔥🤟" "We will be integrating the Magic protocol" Ty @stacks community for all the ❤️ More on Magic here: x.com/magicstx/status/156793…

Magic Protocol@magicstx
8 Sep 2022
✦ Magic is live on mainet! Magic is a protocol for atomic swaps between BTC and xBTC on @Stacks. Magic is open-source, on-chain, decentralized, and trustless. Here is a quick video showing 1 BTC → xBTC → BTC on mainnet ✨
1:32
1
4
✦ The Magic protocol is live on Stacks mainnet! Here is the contract showing swaps of mainnet BTC to mainnet xBTC. Most of the activity so far still looks like testing: explorer.stacks.co/txid/SP1W…
2
1
18
Some quick stats ✨ Total volume: 5.201255 BTC Total inbound: 3.101 BTC Total outbound: 2.100255 BTC Total fees: 0.00455973 BTC Average fee: 0.00045597 BTC Average fee %: 0.088 Total swaps: 10
1
12
Want to use Magic in your favorite Stacks app? Want the capacity to increase? We do too! Tell the app team to integrate magic and host a supplier. More details can be found here: magicstx.gitbook.io/magic-pr…
3
✦ Magic is live on mainet! Magic is a protocol for atomic swaps between BTC and xBTC on @Stacks. Magic is open-source, on-chain, decentralized, and trustless. Here is a quick video showing 1 BTC → xBTC → BTC on mainnet ✨
1:32
23
62
175
more replies
P.S. Ohhh you want proof of magic? The BTC → xBTC swap in the video took ~13 mins: ➡️ mempool.space/tx/c3bd8b5dca2… ⬅️ explorer.stacks.co/txid/0x1b…
1
2
The xBTC → BTC swap took ~5 mins: ➡️ explorer.stacks.co/txid/0xa1… ⬅️ mempool.space/tx/e4b72eb8171… Total fees for both swaps were 0.00021999 BTC or about -0.002% Spell complete ✨
1
3
Load more