For context, our private presale is the first part of our fair launch strategy, and aims to distribute the initial supply of UTXO as fairly as possible. All the funds raised will enable UTXODAO to bootstrap liquidity and kickstart the protocol.

This post will be more technically oriented. If you are trying to find a high level of the sale process, this is the blog post for you: https://utxodao.medium.com/utxo-the-path-to-launch-2bab3544838c

What are the presale contracts and how are they related?

The presale contracts are designed to increase the security of the funds and diminish the viability of a rug pull. Our aim was to avoid relying on humans as much as possible and leverage code to increase the certainty for our community.

We strongly believe that good code should be readable, understandable, covered by unit tests, and well documented in order to allow independent reviewers and the community at large to be able to easily review our contracts and methodology.

Therefore, in order to keep things tidy, we decided to encompass logic into three different contracts: aUTXO contract, Presale contract, & Finalizer contract.

aUTXO Contract

aUTXO is a standard ERC20 token that holders will be able to swap aUTXO to UTXO at a 1:1 ratio via a dedicated user interface. The contract prohibits minting, which means that the entire supply will be minted upon deployment in order to guarantee that nobody can dilute the community’s ownership by any means.

We leverage OpenZeppelin ERC20 contract via inheritance in order to avoid reinventing the wheel and to leverage all the hard work that the community has done in order to validate this standard.

Presale Contract

The Presale contract contains more logic, which ties into three different stages of the process: presale, public sale, and after public sale.

Presale Stage

During the presale stage, the contract will only allow whitelisted addresses to purchase aUTXO. The whitelist functionality is achieve with a simple mapping that is defined below along with the respective helpers methods:

mapping(address => bool) public whitelisted;

We were initially leveraging a Merkle Tree to implement the whitelist, which included an address and the respective bonus. However, per IndyZa’s suggestion, we opted against it because the approach is less transparent since users need to be aware of the bonus amount in order to check whether their address is in the Merkle Tree. Another problem with the Merkle Tree approach is that users will not be able to inspect how many addresses are in the whitelist and what their respective bonuses are. We believe that having the ability to inspect and validate facts is key to increasing trust in the process.

Additionally, the contract dictates that:

• each user will only be able to buy once
• contributions will only be accepted in USDC
• contribution must be an amount between $200 and $2,000

The contract also dictates that users will get the X amount of aUTXO tokens following this formula:

aUTXO = (contributionAmount / PRESALE_PRICE) * (1 + bonus)

Public Sale Stage

For the public sale stage, the contract enables the creation of the Copper Launch Auction using the collected USDC and the remaining aUTXO along with the conditions to prevent any humans from tempering with it.

Copper Launch is a platform for open, transparent, and user-friendly Token Launch Auctions, powered by Balancer Liquidity Bootstrapping Pools and made by the Alchemist team. Copper Launch will enable us to distribute tokens fairly to our community in a capital efficient manner.

The contract is able to programmatically create the auction and pass some useful parameters as seen below. Some of the parameters include the initial weight of the launch, the tokens, the duration of the auction, etc.

Moreover, the contract enable the MultiSign to close the auction after the public sale has been completed and enable withdrawing the whole amount of UDSC and aUTXO to the finalizer contract.

In this contract, we also take into account some edge cases. For example, in case that the MultiSig did not close the auction after the defined duration, contributors can call the emergencyExitPool that will withdraw USDC + aUTXO. This way we guarantee contributors that they can recover their funds if we are not following what we define.

After Public Sale Stage

Once the auction is completed, a separate ERC20 UTXO contract will be created, and the MultiSig will mint the same amount of used aUTXO to presale contract. Afterwards, the MultiSig will create the Finalizer contract address and provide the UTXO contract address. Once we have completed all of this, the Finalizer contract will run the following calls in the following order:

• approvalsForDEX(amountUsdcToSwap, 0, 0)
• swapUsdcToWbtc( amountUsdc, amountWbtc)
• approvalsForDEX(0, amountWbtcForLP, amountUtxoForLP)
• addLiquidity(amountWbtcForLP, amountUtxoForLP)
• approvalsForTreasury(amountWbtc, amountUtxoWbtcLP)
• depositTreasury(amountWbtc, amountLP)

If all the calls are successful up to the depositTreasury function, then depositTreasury will enable the community to redeem their aUTXO for UTXO.

Finalizer Contract

Once we have finalized the presale and sale, the Finalizer contract will enable the MultiSig to do the following steps in a limited and secure manner:

• Swapping all the USDC collected from the presale for WBTC
• Creating the initial liquidity pool for the pair UTXO/WBTC
• Depositing the UTXO-WBTC LP tokens to UTXO treasury

With this procedure we can reassure our contributors that their funds are never leaving the smart contract. Our MultiSig is there only for starting those steps.

Emergency calls

Multiple emergency functions are implemented in case something unexpected happens. The probability of that event is really low as we rely 99% on the smart contract code. But in order to preserve the investors money, we had to implement a way to recover/refund procedure to avoid locking the funds in the smart contract forever.

Conclusion

We hope that you can appreciate the amount of effort and attention to detail that we are bringing into this. We would love if you participate on our project and contribute to our community. We will make sure to the best for the community at every step of the process!

Please let us know if you have any feedback.

What is the UTXO “private pre-sale”?

Our private pre-sale is the Part 1 of our fair launch strategy, and aims to distribute the initial supply of UTXO as fairly as possible. By participating, alpha Bitcoiners can secure a bag of UTXO at a fair price and in a non-competitive environment.

All the funds raised will enable UTXODAO to bootstrap liquidity and kickstart the protocol, not a single cent will go to the founders.

For a period of 3 days, we have allowed all of our initial Discord members to whitelist their addresses. Yes, everybody got a chance! Inclusion is one of our core values and we believe that we will foster better community engagement by having as many holders as possible since day 1. We believe that limiting the whitelisting to only a selected group is the perfect recipe for another pump and dump scheme. That is not what UTXODAO is about. We are building a DAO to thrive in the long run and this is only possible via decentralization. That being said, we would like to thank all the users which completed the form and are successfully whitelisted to be among the very first UTXO stakeholders.

Part 2 of the Fair Launch Strategy will be a 100% permissionless Token Launch Auction (TLA), full details on this will be released shortly after the private pre-sale.

How will the private pre-sale work?

First of all, let’s reinforce: our private pre-sale will be done on Polygon Mainnet. We will publish a walkthrough on how to fund your Polygon address prior to the event.

Once opened, it will run for 7 days. Whitelisted addresses will be able to purchase aUTXO (alpha UTXO) from our pre-sale contract. We are currently finalizing the code iterations with our code reviewer and multisig participant IndyZa. Once our code is greenlighted, we will announce the official dates and publish the contract on our GitHub prior to the event. Stay tuned so you don’t miss it!

Regarding allocation, any alpha Bitcoiner who signed up via our form has the right to buy any amount in between $200 and $2,000. Please note that the form was closed on January 10th and will not be reopened.

Alpha Bitcoiners will have until the end of the private pre-sale to purchase the desired amount from their whitelisted address via our dedicated pre-sale experience website.

Once your whitelisted address has bought any amount, it will be blocked by the smart contract. In other words, there will be only one opportunity to buy aUTXO per each whitelisted address.

On top of your purchase, you might be eligible to cumulative bonuses based on your Discord roles:

• Miners: +5%
• Pioneers: +5%
• OGs: +10%
• Candidate Ambassadors: +10%

After the private pre-sale closes, holders of aUTXO are not required to take further action for the time being. However, closer to full protocol launch, aUTXO holders will be required to swap aUTXO to UTXO at a 1:1 ratio via a dedicated user interface. This process is very straightforward and will be communicated via our usual communication channels when time comes.

Please note that aUTXO will not be tradeable until full protocol launch. In practice this means that the TLA will be the first price discovery event for UTXO.

The contract address of the pre-sale as well as the dedicated website to purchase will be announced from our Twitter account: https://twitter.com/UTXODAO. Any other contracts or announcements should be considered as a scam. Please only use the address and links that are officially tweeted from the UTXODAO Twitter. Remember: do not trust, verify!

Why are we raising USDC and not WBTC in the private pre-sale?

Long story short, Copper Launch does not support WBTC or any other wrapped version of Bitcoin yet. The main purpose of having a private pre-sale in Part 1 of our fair launch strategy is to raise funds to bootstrap the Copper Launch liquidity bootstrapping pool. To be clear: 100% of the funds raised will be deployed on the public sale pool. Not a single cent will be spent by the team.

Given that limitation, we have opted to host both of our sales in USDC. After the public sale round is concluded via TLA, we will swap all the USDC raised to WBTC and kickstart UTXODAO by setting up a UTXO-WBTC liquidity pool on a Polygon-based DEX. All funds raised will be owned by UTXODAO’s treasury and controlled by our multisig setup.

Why host the public sale via Copper Launch?

After assessing different mechanisms for a fair launch, we have settled on Copper Launch. Copper Launch is a platform for open, transparent, and user-friendly Token Launch Auctions, powered by Balancer Liquidity Bootstrapping Pools and made by the Alchemist team. We believe this will provide the best user experience for participants with Copper’s dedicated TLA interface and the safety of Balancer LBP contracts.

LBPs have been successfully used by many teams (e.g. KLIMA DAO) to successfully distribute tokens to their community, and they provide powerful tools for doing so in a capital efficient manner, but they also require capital in order to bootstrap them.

By combining the private pre-sale with the permissionless public sale, UTXODAO is able to efficiently bootstrap and reward community participation, without the need for external funding to kickstart the protocol.

There are three key objectives for our TLA:

1. To cost-effectively distribute the initial supply of UTXO into as many holders as possible.
2. Raise sufficient liquidity to bootstrap our UTXO-WBTC LP pool at full protocol launch.
3. Enable the market to discover the fair price of UTXO.

UTXO Tokenomics

On Epoch 0, the initial supply will be 200k UTXO. From that, roughly 180k UTXO are allocated for both private pre-sale and public sale events. The remaining UTXO are reserved for the treasury to be paired with WBTC and deploy the initial liquidity pool on a Polygon-based DEX.

Now, what you were all waiting for: The pre-sale price will be 25 USDC per aUTXO.

Yes, you read it right! We believe our pre-sale is a true bargain. Alpha Bitcoiners will be able to purchase UTXO with a fully diluted valuation of only $5,000,000! Without considering any bonus!

pUTXO

If you have a good eye, you probably noticed that there is no team allocation in the tokenomics above. This is indeed correct. As you know by now, every UTXO in circulation must be initially backed by $1 worth in bitcoin. This also applies to the team! We do, however, believe that it is fair that the team receives a piece of the cake for the time and energy spent into making UTXODAO and the Bitcoin Standard happen. So how is the team paid?

Through pUTXO. pUTXO is a derivative of UTXO; it gives the holder the option to mint UTXO by burning pUTXO and providing the current intrinsic value of UTXO. For example, at protocol inception, a pUTXO holder would need to provide $1 worth in BTC and 1 pUTXO to mint 1 UTXO. But that would not be possible! Why? Because pUTXO is also vested based on supply. The minimum vesting period for the team will be at least one year.

This makes it similar to an option. pUTXO is worth the price of UTXO minus inflation-adjusted intrinsic value, and it only makes sense to redeem pUTXO for UTXO when UTXO is above the inflation-adjusted intrinsic value. This ensures that our incentives are aligned to keep a price premium (e.g. have more backing per UTXO than actually needed).

The distribution of pUTXO and the supply-based vesting are based on OlympusDAO’s pOHM. The pTOKEN model has also been implemented by other DAOs such as KlimaDAO and [Redacted] Cartel and we believe it is the fairest way to compensate the team and align incentives with protocol stakeholders. pUTXO will be distributed as follows:

In other words, effectively 83.34% of the supply will be distributed to the community, 10.41% to the team, and 6.25% will be allocated to foster and incentivize our ambassadors program, and to pay for marketing activities.

As pUTXO holders can only redeem their allocation by committing BTC to the treasury, the protocol will have locked in heaps of U.S. dollars worth of investment into the treasury when the supply is fully vested.

Multisig

The ownership of the contracts and the ability to execute the most critical functions are set to a Gnosis Safe multisig 6/6. At no point in time any asset owned by UTXODAO will be in possession of the founders only. Initially, our multisig participants are:

• IndyZa, UTXODAO’s independent code reviewer
• Les Templiers, French crypto community
• Banana Pancakes, co-founder UTXODAO
• caterpillar, co-founder UTXODAO
• Elf Tom, co-founder UTXODAO
• hazlitt, co-founder UTXODAO

What are the next steps to bring more bitcoiners to UTXODAO?

After the successful completion of our private pre-sale, we will shift our focus to marketing. From our roadmap, our next milestone will be triggered once we reach 5,000 Bitcoiners on Discord. We plan to get there by massively increasing our social media presence and awareness.

As noted above, a share of the supply is reserved for marketing. We are in discussion with many other DAOs, crypto communities and influencers for partnerships, some of them well-known among us. We cannot wait to share all the exciting updates that we are planning for UTXODAO.

Risks and Disclaimers

Please keep in mind that this is a high risk investment, in an unproven business model. Do your own research and do not invest funds that you cannot afford to lose. You might have financial losses.

The contracts are a fork of OlympusDAO’s audited contracts. Our contracts will always be reviewed by independent and reputable code reviewers, but there has been no official audit on UTXODAO. Nonetheless, once the protocol is fully launched all contracts will be eventually audited.

Official links:

• Website: https://utxodao.finance
• Discord: https://discord.gg/utxodao
• Twitter: https://twitter.com/UTXODAO
• Telegram: https://t.me/UTXODAO

A Short History of (₿,₿)

The idea for UTXODAO came with a simple question: what if we combine the concept of OlympusDAO with the power of Bitcoin? The answer was a no-brainer for us: we are onto something!

But we did not want to just fork OlympusDAO and throw Bitcoin in the mix. Our ambitions go much beyond. Cryptoassets are about innovation. It is standing on the shoulder of giants and making something completely new. And that is one of the core values of UTXODAO. Our goal is to build a solid project backed by a strong community of Bitcoiners such as ourselves which truly believe that Bitcoin represents a real alternative to fiat money. UTXODAO is not about stratospheric but unsustainable APYs, we are here for the long run. Don’t get us wrong though, we are still going to offer very attractive reward rates, OlympusDAO-style. We got you! Our ingenious monetary policy is built to manage a treasury composed entirely by an asset which has been historically more volatile than traditional RFV assets. Our protocol’s long-term commitment is to maintain healthy metrics such as keeping our runway days above 365 days (in other words, we aim to always have enough backing in our treasury to support our reward rate for at least 1 year).

To summarize: the founding principle of UTXODAO is our belief in Bitcoin. Our name is UTXO because that is exactly what our treasury is eager for: unspent transaction outputs which will be kept by our treasury exactly like that: unspent!

What is the deal with (₿,₿)?

(₿,₿) is the idea that if everyone cooperates in UTXODAO, it generates the greatest gain for everyone in the Bitcoin ecosystem (from a game theory standpoint). Users will be able to take three actions on our platform: staking, bonding, and selling.

Staking and bonding are beneficial to the protocol, while selling is detrimental. Therefore, staking and bonding generate the greatest benefits to the Bitcoin ecosystem.

By choosing either way to participate in UTXODAO, the user allows us to retire BTC from circulation or to donate part of the revenues to Bitcoin developers, hence staking or bonding are (₿,₿).

How does UTXO fit among other cryptocurrencies?

UTXODAO seeks to benefit the entire crypto ecosystem: as we lock more and more BTC in our treasury, we will eventually HODL a significant part of the supply with no intentions of ever selling any. Such behavior would greatly release sell pressure from all crypto markets given that there is a strong causal relation between Bitcoin and all other cryptoassets. Therefore, UTXODAO accumulating Bitcoin is (₿,₿) for both UTXO stakers and crypto HODLers in general. But that is not all: as aforementioned, UTXODAO will benefit the Bitcoin ecosystem by sponsoring Bitcoin developers with a portion of our treasury income (with terms & conditions to be defined by the DAO). This is, however, not charity! It is extremely important to UTXODAO’s business model that Bitcoin remains relevant and actual through time, which is only possible with a team of motivated developers working on it.

Which Bitcoin assets will we keep in our treasury?

Initially the treasury will be backed by WBTC, however, in a second phase we will add renBTC bonds and we will constantly review additional ways to add other wrapped BTC assets to our treasury. Moreover, once the DAO deems that we have enough wrapped BTC in the treasury we will convert part of the wrapped BTC to real BTC. We will continuously explore other ways to increase decentralization and mitigate risk with the power of our community.

Furthermore, we have other ideas to generate additional revenues to our treasury: we can put our BTC to work and earn fees by becoming a lender in protocols such as Aave or by becoming a liquidity provider in the Curve WBTC-renBTC pool. Whether we will do it or not, is up for the DAO to vote and decide!

How is UTXO backed by BTC?

1 UTXO will be initially backed by $1 worth in BTC in our treasury. We opted for this model because we believe that Bitcoin will continuously perform well vs the U.S. dollar and other fiat currencies in the long run. This premise means that we will be able to offer attractive APYs for longer periods even if we do not get any additional Bitcoin in our treasury. If we were to back UTXO in satoshi terms, we would always need more BTC inflows to sustain such APYs. Now, picture this scenario: Bitcoin price appreciation vs the U.S. dollar and consistent Bitcoin inflows to our treasury. Yes, that is right. We are talking about rocket fuel.

What is the long-term vision of UTXODAO?

If you have a good eye, you might have noticed that we highlighted the word “initially” above. This was not by chance. As a Bitcoin-based project, we acknowledge that our initial value proposition of backing 1 UTXO with $1 worth in BTC in our treasury is not enough. Such a proposition does not solve a key problem: $1 does not have the same purchasing power through time. $1 in 2021 is less valuable than $1 in 2009, which is less valuable than $1 in 1900 and so on. You can check it for yourself on this simple tool provided by the U.S. Bureau of Labor Statistics! In other words, you need $1.32 now in 2021 to buy the same basket of items that cost you only $1 in January 2009. In case you have been keeping U.S. dollars under your mattress for the past decade or so, you are about 30% poorer.

Why does that happen? Simplistically speaking, inflation. It means that if we were to back UTXO with $1 in our treasury, we would be exposed to the nasty long-term effects of being diluted by the fiat lords. UTXO would lose purchasing power month on month, year on year. To solve that, we propose to have an inflation-adjusted backing for our UTXO token, anchoring the January 2022 U.S. dollar purchasing power to the protocol so that UTXO will have the same intrinsic purchasing power in 2022, in 2050, or in 2100. In other words, if the accumulated U.S. dollar inflation is e.g. 20% between January 2022 and January 2032, in 2032 UTXO will be backed not by $1 worth in BTC, but by $1.20 worth in BTC in our treasury. How do we plan to do it? This is straight-forward: as we strongly believe in Bitcoin fundamentals, our premise is that Bitcoin will consistently perform better than the U.S. dollar. This implies that ceteris paribus the same amount of BTC in our treasury is more than enough to account for the U.S. dollar inflation in any given period of time. Our reward rates will also account for the need to increase the required backing per UTXO in U.S. dollar terms over time.

What is the point of buying UTXO now at a premium?

When you buy and stake UTXO, you capture a percentage of the supply (market cap) which will remain close to a constant. This is because your staked UTXO balance also increases along with the circulating supply. The implication is that if you buy UTXO when the market cap is low, you would be capturing a larger percentage of the market cap. The premium is justified when the net present value of the investment is positive.

Now, with all other things cleared, we can finally address the elephant in the room.

In which blockchain will UTXO be deployed?

UTXODAO is a chain-agnostic project deploying initially on Polygon💜 to make it as fair as possible for anyone that wants to participate, including those who could otherwise be priced out due to prohibitive gas fees. We chose Polygon primarily for 3 reasons: low fees, infrastructure availability (e.g. DEX, multisig safe, fair launch platform), and satisfactory (wrapped) BTC liquidity.

Final Considerations

We have very exciting times ahead of us and we can barely wait to get started! For that we need your help! We have just published our launch roadmap and we will announce our presale details once we reach 2,000 members in our Discord. Hint: you must be a member to be eligible! So what are you waiting for? Join now!

Official links:

• Website: https://utxodao.finance
• Discord: https://discord.gg/utxodao
• Twitter: https://twitter.com/UTXODAO
• Telegram: https://t.me/UTXODAO

The year was 1944 and the world was going through one of its most traumatic epochs. In a small town in New Hampshire, global leaders met to design a new international system to replace the classical Gold Standard. Seeking to transform the U.S. dollar into the center of this new system, the United States leveraged on its political and economic dominance to fix the U.S. dollar to gold at the existing parity of $35 per ounce, while all other currencies would have fixed, but adjustable, exchange rates to the U.S. dollar. This system became known worldwide as the Bretton Woods system, named after an area within the town of Carroll in which the conference took place.

During the era of the Bretton Woods system, the world economy grew rapidly, with minor recessions and economic fluctuations. But it did not last long, with strains starting to show in the 1960s. Low-level, but persistent global inflation made the price of gold too low in real terms. U.S. gold reserves were drained by a chronic trade deficit, but there was considerable resistance to the idea of devaluing the U.S. dollar against gold. With speculation against the dollar intensifying throughout the decade, other central banks became increasingly reluctant to accept U.S. dollars in settlement, which ultimately made the situation untenable. Finally in 1971, U.S. President Richard Nixon announced the end of on-demand convertibility of the U.S. dollar into gold for the central banks of other nations. The Bretton Woods system had finally collapsed and gold started to trade freely on the world’s markets.

The implosion of the Bretton Woods system, however, came as no surprise to a few critics that had been warning about the perils of the system since its inception. The Austrians have consistently warned that fiat money creates the wrong incentives for the banking industry, that central-bank manipulation of interest rates distorts the structure of production, that the combination of paper money and central banking leads to economic calamity. Yet, once again, the world leaders were not ready to listen.

As with most government plans, the Bretton Woods system was dealing with symptoms rather than causes. It was the truth in the 1940s and it is still the truth in present days: monetary problems are created by bad policies. Governments inflate, spend too much, run high debts, control their economies, impose trade protections, create gigantic welfare states, fight world wars, and undermine property rights. By pegging currencies at unrealistic levels, the Bretton Woods system provided a bailout mechanism for governments and banks to continue to do what they should not be doing, and thereby prolonged the problems and made them worse in the long run.

To be clear, the criticism is not about the Gold Standard. In a matter of fact, there is nothing wrong with having a gold standard in a country. But that was not what the Bretton Woods system established. The U.S. dollar was not convertible into gold at the U.S. domestic level. It was not possible to go into a bank and exchange U.S. dollars for gold. Only governments were allowed to convert, so that the United States was obligated to send gold instead of greenbacks when it was so demanded.

It took a couple of decades, but it was easy to see that the United States would eventually go back on its word. Eventually, economic logic prevailed with Nixon’s decision in 1971.

Fast forward 37 years. Surprise, surprise: economic crisis. With origins that can be traced back to the monetary policy that the U.S. has adopted since the collapse of the Bretton-Woods system, the subprime crisis was not an isolated incident. As the Fed had been aggressively expanding money supply and discretionarily keeping real interest rates low since the dot com bubble, banks excessively expanded credit to the economy. And again, this was only possible because the money printers went brrr without any type of gold standard. But the subprime crisis was not only about bad stories. In a matter of fact, the crisis catalysed the creation of the world’s best asset yet: Bitcoin.

Deemed by many as digital gold, Bitcoin is in reality better. Humans have valued gold for thousands of years. From ancient Egypt to the jewellery industry, gold has always had value. But let’s be honest: there is only a certain amount of gold that someone is able to carry or use. As a physical asset, large amounts of gold are not easy to store, let alone circulate as medium of exchange. The fact is that today we no longer use gold as money. Bitcoin on the other hand is digital, easy to store, easy to transact, algorithmically scarce, apolitical, permission-less, decentralized, and independent. It can easily fulfill the criteria of money: medium of exchange, unit of account, store of value. Bitcoin is superior to gold. Bitcoin is also superior to any fiat currency in circulation. Bitcoin is the best reserve currency. In Bitcoin we trust. As such, we propose a much better alternative to spending our valuable Bitcoin in mundane life. We propose to implement a new gold standard: the digital gold standard. The Bitcoin Standard.

Inspired by OlympusDAO, we propose to launch a community-led decentralized reserve currency for bitcoiners: UTXODAO. Contrary to common belief, we deem Bitcoin as the only asset with true long-term risk-free value (RFV). The U.S. dollar and its stablecoins are fated to endless inflation and depreciation versus Bitcoin. A treasury backed by stablecoins is a treasury sentenced to lose its value through time. Our treasury seeks to be the largest one-way road for Bitcoin ever built. Bitcoin is our precious. The governments print, we mint. Our formula is simple, but not trivial: 1 UTXO is backed by $1 worth in BTC held by our treasury. Backed, not pegged. Our supply expansion is driven by BTC valuation. The more BTC appreciates versus the U.S. dollar, the more UTXO we can mint and sustain high APYs to reward our stakers in the long run. Additionally, by locking BTC in our treasury, we release sell pressure from the market. But that’s not all: to support even further the Bitcoin ecosystem we will sponsor Bitcoin developers with part of our treasury’s income.

Be ready to stake your UTXO and stay tuned as the Bitcoin Standard is about to launch. UTXODAO: where Bitcoin meets OlympusDAO (in case you haven’t realized, our visual identity is Satoshi Nakamoto stylized as a Greek God). (₿,₿).