Opal bridge is closing. The reception to our product has been practically null. We understand the likely reasons and those are such that we cannot fix. We were told by many that we would have to be publicly doxxed for this to have a shot. We can't make this compromise. Our privacy and that of our families is non-negotiable. We also have information of a new ERC20/OP20 bridge coming soon against which we stand no chance. So, we're closing the bridge and stopping investing into a product unfit for this market. We appreciate everyone who ever had a kind word for us or gave us constructive feedback. We are considering whether Opal will continue in some form as a different type of product. We wish everyone on OP_NET all the best and hope to see this ecosystem flourish. The Opal team

7/ SLOHM is one of the most advanced DeFi protocols ever deployed directly on Bitcoin L1, introducing treasury backing, bonding, liquid staking, and protocol-owned liquidity in a fully native environment. Programmable finance on Bitcoin is here. Welcome to SLOHM.

1/ SLOHM Mainnet is officially live. The first decentralized treasury-backed reserve protocol on Bitcoin L1, powered by @opnetbtc. app.slohm.fi

Its frickin slohm time

$SLOHM Testnet snapshot has officially been taken. The leaderboard is now frozen. The wallet checker has been updated with allocations for the Top 100 testnet participants: checker.slohm.fi/testnet-air… All users who reported valid bugs during testnet have also received bonus allocations, regardless of leaderboard position. In addition, the Top 100 participants will each receive a Satlantis Triton OP404. Thank you to everyone who stress tested, broke things, reported issues and helped shape the future of Bitcoin L1 DeFi. Mainnet is coming.

Hard money deserves harder DeFi. $SLOHM Mainnet. May 14.

$SLOHM smart contract audits by @peckshield have now been completed. All findings identified during the audit process have been reviewed and resolved as we finalize preparations for mainnet and TGE. Audit report: slohm.fi/audit.pdf

$SLOHM Wallet Checker is now live. Check your IBO Round 1 and Round 2 contributions and token allocations: checker.slohm.fi SLOHM Mainnet is getting closer.

The IBO has been extended for an additional day until 23 April, 10PM UTC. Over $238,000 has been contributed in Round 2 so far. SLOHM is about to change Bitcoin DeFi forever. presale.slohm.fi

When Unga see that $18k clip on the buybot

Whoever the first OPAL presale buyer was: your refund is still waiting for you!

Presale update: Refunds were sent to the temporary OP_NET interaction addresses used during purchase instead of regular wallet addresses. These temporary interaction addresses are owned by the presale participants so, funds have always been safe. Refund Recovery is now live at presale.opalbtc.app Connect the same OP_WALLET address used to participate in the presale, enter your BTC address, and recover your refund. The OP_WALLET prompt will say something to the effect of "Cancel transaction." Approve and you will get your refunds when the transaction is confirmed onchain. We apologize for any inconvenience and appreciate your patience as we rolled out this fix.

.@chiuhui1688 apologies for the misunderstanding and the block. Your refund is safe. A refund claim will be live on the presale website later today. We are announcing soon what happened and how participants will recover their funds. Once again, sincere apologies.

Refund receipts: opscan.org/transactions/dbcd… opscan.org/transactions/58a8… opscan.org/transactions/564b…

The OPAL presale ended with participation too low for a minimally viable launch. All participants will be refunded in the next couple hours. The OPAL token plans are on hold until further notice. The Opal bridge is unaffected and will continue operational. Thanks to the participants for their trust in us.

Week 2 of the MOTO economy 🐈‍⬛🛵 The ecosystem is expanding. The numbers are growing. More pairs, more farms, more builders, more liquidity on Bitcoin L1. All routing through $MOTO. Here's everything that happened in 7 days 🧵

SLOHM Testnet Update v3. - Native $BTC bonds now live alongside $MOTO - We killed the bond bot, claims are now instant via signed vouchers - Bond positions are now NFTs: own it, verify it, trade it - Gas costs cut 75% - Major security and internal audit fixes - Smoother UI, clearer transactions, better reliability Mainnet getting closer. Get involved with the incentivized testnet if you haven't already: testnet.slohm.fi

Oooo

gm! wait, stablecoin-paired token? interesting flex for day one.