Magic Protocol @magicstx
Swap Bitcoin to xBTC on Stacks. Decentralized, trustless, open-source. ✨ magic.fun Joined January 2022-
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⭐ $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)
Try it yourself 👇 bitswap.so More information about Magic ✨ magic.fun Here is the Bitswap announcement 📣
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 🚀
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
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 🚀
Our team recently completed a #securityaudit of @magicstx. You can review the full report and our findings here: leastauthority.com/blog/audits/au… #BTC #MagicProtocol
"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:
✦ 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 ✨
"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"
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"
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-protocol…
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
✦ 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/SP1WN90HK…
The xBTC → BTC swap took ~5 mins: ➡️ explorer.stacks.co/txid/0xa194f66… ⬅️ mempool.space/tx/e4b72eb8171… Total fees for both swaps were 0.00021999 BTC or about -0.002% Spell complete ✨
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/0x1bc5bae…
✦ 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 ✨
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