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Introducing RIFT: the first peer to peer Bitcoin trading protocol
Self custody swaps between Ethereum and Bitcoin, with no middle men.
Powered by Uniswap liquidity. Secured by TEEs.
Now live on mainnet ⬇️
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RIFT
1,105 posts
RIFT
@riftdex
onchain order execution // backed by @paradigm
- > Paradigm asked me to OTC some $HYPE. Fred Ehrsam sounded stressed. Said the desks are completely dry and clients keep asking for exposure. He paused for a second and whispered: “we should’ve bought more at $12.” > Multicoin partners allegedly asked Kyle why they owned 47
- there is no such thing as “trustless” the point of blockchains is to make trust explicit: define your security supply chain and let users decide what they want.In an ideal world all software and hardware would have "nutrition labels" that provide a full list of trust dependencies - what math and which actors' honest behavior (and on what time scale) the system is relying on to provide its core functionality and implied guarantees.
- RIFT reposted
Join us for Bitcoin Finance space this Wednesday (27 May) at 10am EST! We'll be exploring how @riftdex brings Bitcoin across multiple chains with TEE security, enabling seamless Bitcoin Finance.
Your perk for borrowing with Bitcoin just arrived. We partnered with @SafePal to give away 500 X1 hardware wallets to Sats Terminal borrowers exclusively! 3 weeks. New and existing users. If you've already borrowed with us, you might already qualify. 🧵- RIFT repostedSats Terminal 🤝 RiftBitcoin lending is the biggest liquidity unlock in the history of Defi @SatsTerminal has made borrowing against your BTC possible, using Rift for best in class bridging (BTC<>cbBTC) and borrowing USDC against the collateral on Morpho and Aave Now live 👇
- RIFT reposted
Bitcoin lending is the biggest liquidity unlock in the history of Defi @SatsTerminal has made borrowing against your BTC possible, using Rift for best in class bridging (BTC<>cbBTC) and borrowing USDC against the collateral on Morpho and Aave Now live 👇 - Bitcoin lending is the biggest liquidity unlock in the history of Defi @SatsTerminal has made borrowing against your BTC possible, using Rift for best in class bridging (BTC<>cbBTC) and borrowing USDC against the collateral on Morpho and Aave Now live 👇Borrow against your BTC: satsterminal.com/borrow Integrate best in class bridging: docs.rift.trade End of thread 🫡
- This is it. The biggest crypto liquidity inflow event of the year. Non-custodial Bitcoin bridging into DeFi is here, with best in class rates on BTC<>cbBTC. Rift beat out cross chain protocols Near Intents, Relay, Garden, (and Thorchain + Chainflip who don’t offer this route)
Replying to @riftdexWant to integrate BTC<>ERC20 swaps into your app? Trade using our typescript SDK: docs.rift.trade/sdk/quickstart Need a custom integration for your backend? Our API has you covered: docs.rift.trade - Replying to @EvgenyGaevoy- Bitcoin reason for existence completely lost behind "number go up". Same goes for most of "crypto" really, cyberpunk overtook cypherpunk ("institutions are coming"), why are we even there then etc etc. Vitalik is literally the only opinion leader that seems to still care
- RIFT reposted
Good evening guys 🤍 ! Sending money from EVM to BTC has always been a headache for me. Most times, I had to send funds to a CEX first, and then move it to the btc network. It takes time and it's expensive. I didn't know a direct way to do it without paying $20+ in fees. I
- excellent deep dive into our protocol design and thinking around tradeoffs to get users the best rates
