(5/5) Last but not least, we’re talking to a dev team to bring a $BTC <-> $MBTC pair live before launches begin.

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(4/5) Once the relic mints out, an AMM pool is created for the launched relic. While the bonding curve is active, mints can be “unminted” to reclaim spent $MBTC, depending on the curve’s progress.

(3/5) The platform automatically chooses these mint terms:. - Type: Bonding curve.- Relic total supply: 21k (1 per mint).- $MBTC raised in curve: 21k.- Max mints per tx: 255.- Curve price increase: ~21×.

(2/5) Launches will be the easiest way to start a new relic with predefined mint terms. All you’ll need is some $MBTC and a ticker name.

Chapter 3 - Relic Launches (🔜). (1/5) Now that we’ve learned about enshrinings, mints, and pools, let’s combine that knowledge and see what it means for the upcoming Launches category on 🧵. This will be the last educational chapter before launches go.

(7/7) Relic launches are approaching. We’ll conclude the explainer series with a final chapter on launches by the end of this week. Stay tuned!.

(6/7) Last but not least, if a relic is enshrined with boost terms, some mints may yield more tokens than expected 😏.

(5/7) When a mint uses a bonding curve, that’s when the mempool fun begins. The minter must specify the maximum amount of $MBTC they’re willing to pay for the desired number of mints - essentially setting slippage as in a DEX swap. Combined with Bitcoin network fees, a

(4/7) If the enshriner chooses a paid mint, there are two options: a fixed-price mint or a bonding-curve mint. Both include a special feature: the enshriner can set the maximum number of mints allowed per transaction. The default is 255, allowing users to do 255 relic mints in a.

(3/7) If the enshriner opts for a free mint, only gas fees are required. As discussed in the pools thread, the enshriner must also sponsor some $MBTC liquidity to make the relic on-chain swappable after it sells out 🔄.

(2/7) The process of minting a relic is determined by its enshriner. Refer to this thread to learn about enshrinings:.

⛓️ Chapter 2, Part 2: Relic Mints. (1/7) After covering liquidity pools, let’s examine how mints work in detail and how relic mints can save gas compared to some other meta-protocols.

We’re teaming up with @runepacks_rip! 💀. Runepacks is bringing Bitcoin memecoins on bonding curves to @base - and they’re big fans of Relics’ liquid Bitcoin Mainnet pools. To celebrate, they’ve sponsored exclusive alpha codes for the $MBTC community 🎁. Enjoy early access to.

(5/5) Don’t worry - we’ll make this much simpler with one default config when simplified launches on go live.

(4/5) How much of the minted relic is added to the pool? . This is configured by the creator and is called the seed. Example: $RELIC was enshrined as a free mint. The enshrining included a subsidy of 21k $MBTC and a seed of 10.5m $RELIC. That means the initial pool contained 21k.

(3/5) So, where does the $MBTC come from? There are two options:. Subsidy - The creator sponsors liquidity upon enshrinement. Mint price - The creator sets a price, and 100% of the raised $MBTC goes into the pool.

(2/5) When a relic mints out, a pool of the minted relic + $MBTC is created. You can compare these pools to Uniswap pools on EVM chains or Raydium pools on Solana.

🧵 Chapter 2: Mints & Pools. (1/5) Before we jump into bonding curves and see how Relics Protocol brings a pump experience to the mempool, let’s move on to the next chapter: . Mints & Pools. Today, we’ll keep it simple and start with pools:

(9/9) Next up: Chapter 2: Mints & Pools, where we’ll dive into pricing formulas and pool mechanics. Stay tuned!.

(8/9) Price options:. - 0 → free mint.- Fixed (e.g., 1 $MBTC per mint).- Formula-based (bonding curve).