Rift
@riftdex
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the first trustless bitcoin swapping engine // secured by zero knowledge proofs
coming soon 👀
Joined April 2024
We just made the first trustless DEX between Bitcoin and Ethereum. It uses zk proofs to verify BTC swaps for any token on Ethereum. …and has lower fees than Binance and Coinbase. Here’s how it works ⬇️
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the nation states have arrived.
BREAKING: 🇺🇸 President Trump says “obviously” Bitcoin will be included in the strategic reserve. “I also love Bitcoin”
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the most rare merch in denver 👀.
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RT @pumatheuma: There are many reasons why ZK Hyperliquid makes sense, and can be a better product than Hyperliquid. To name a few: .• ZK v….
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Rift will be the first zk protocol that goes multi chain in q2.
the cool thing about zk protocols is that they're multichain by default. most protocol logic is executed in a zkVM, which can be verified with a single (auto generated) contract on EVM or SVM.
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RT @FarmerJoe0x: Real. Getting Bitcoin from any other chain has far too much friction. Maybe @HyperliquidX can solve this or @riftdex.
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RT @HeimdallRune: If you’re down on $RUNE , remember those who tried to warn and save you , and be mindful of those who sold you a lie beca….
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not the only provider 🤠.
$rune is going to 0 with haste while being the only provider for cross-chain swaps
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RT @DeFi_Dad: @llamaonthebrink @riftdex is a newer option I’d expect to receive new traffic from this debacle.
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Both Luna and Thorchain caused users to lose funds through no fault of their own. it's literally the same mechanism design. to call one a "scam" and another a "brilliant protocol that made a mistake" is insane cope.
So to those people calling $RUNE ThorChain "the next Luna. ". There's a huge difference between a badly-designed scam and a brilliant protocol that made a mistake. These are not the same.
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30% of the network is leaving. Rune prices going through the floor. to say the "core swapping protocol is unaffected" is blatantly dishonest. the entire protocol is dependent on staked rune and high number of node operators 🤣.
Current Situation .-------------------------.At the time of this communication, 31 nodes have requested to leave the @THORChain network. The network is experiencing a contraction as RUNE price declines and nodes leave the network, but the protocol remains operational in its core.
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This has always been the problem with Thorchain's design: synthetic assets inevitably implode. LPs on Rift use native BTC - no chance of this happening.
So that's it, 4 years as a @thorchain LP. Just pulled out my liquidity at -98% loss. Practically all my live savings in $BTC down the drain with $RUNE. Not looking good for me atm bruv.
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this is how winning developer platforms operate. they understand the iconic products built with them attract the next wave of builders.
If you work with me and @pumatheuma, we will do everything physically possible to make sure you, your team, and your project wins.
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prophets are never appreciated in the moment.
Damn. @THORChain had a good thing going - it was well though out and worked because all incentives were addressed. It could have killed altcoin exchanges!. But Lending is going to destroy the protocol - it's fundamentally the same as Terra, and will spectacularly collapse.
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Creating synthetic assets backed by RUNE was a ticking time bomb. promising higher yields by silently increasing risk for LPs has killed more than a handful of protocols.
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