Papaya - Project Currently on Hold @papaya_dao Twitter profile

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Papaya - Project Currently on Hold

@papaya_dao

8 months

🚀 #Papaya Platform's testnet is now active! Unlock #sBTC rewards on @stacks by staking your #STX . Witness a new era in DeFi with our innovative staking approach. What impact could sBTC have on digital finance? 💡✍👇 #EarnBitcoin #Papaya #BTC Join now!

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Papaya - Project Currently on Hold

@papaya_dao

1 year

Papaya will be the first protocol built on @Stacks that will allow users to maintain liquidity while participating in PoX Stacking to earn #Bitcoin rewards through Liquid Stacking. But what is Liquid Stacking, and why is this a big deal? 🧵

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Papaya - Project Currently on Hold

@papaya_dao

6 months

We've been quieter than a library on a Sunday, but don't mistake our silence for slacking -- we're devs! 🤓 Our team's been nose to the grindstone, building the future of Bitcoin DeFi on @Stacks . Stay tuned for some epic updates, plus interviews with the Papaya founders!

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Papaya - Project Currently on Hold

@papaya_dao

1 year

The Papaya team is thrilled that @StacksOrg issued not one, but two Liquid STX critical bounties. Unlocking Stacked STX liquidity will open doors to many other #Bitcoin DeFi opportunities! Let’s take a look at a few possibilities: 🧵

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Papaya - Project Currently on Hold

@papaya_dao

1 year

We are bringing an open-source, transparent, liquid stacking solution with automated onboarding of PoX rewards as sBTC to the @Stacks community! Read our detailed Software Requirements Specification document on GitHub. 👇🏼

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Papaya - Project Currently on Hold

@papaya_dao

8 months

Papaya has exciting news! We're in the testnet phase, leading the way in onboarding sBTC, a 1:1 Bitcoin-backed asset, into our ecosystem on the Stacks blockchain. Be part of the future of #Bitcoin DeFi with us. 🚀🌴 #Papaya #sBTC

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Papaya - Project Currently on Hold

@papaya_dao

5 months

Papaya is a platform targeting the challenges to enhance decentralization, improve market efficiency, and mitigate risks within Bitcoin and DeFi markets via a robust ecosystem of financial tools. Today we're celebrating the Bitcoin Halving, Stacks #Nakamoto Upgrade, and Bitcoin

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Papaya - Project Currently on Hold

@papaya_dao

4 months

Not for long, friends! Stay tuned for announcements about our BTC offerings, aka Papaya's Fruit Basket, and how it ties into our liquid stacking. 🫡

LMNO.btc.locker 🟧 stxer

@LMNOstacks

4 months

feeling saucy. huge downside to liquid stacking is that yield is in STX and not BTC.

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Papaya - Project Currently on Hold

@papaya_dao

5 months

@Stacks Nakamoto incoming and DeFi is about to get even more juicy.🧃

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Papaya - Project Currently on Hold

@papaya_dao

8 months

Let's explore how #Bitcoin is reshaping #DeFi , with #Papaya ! 🌊 A thread on innovation and possibilities 🧵 #sBTC

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Papaya - Project Currently on Hold

@papaya_dao

1 year

2/ Currently, Stackers are required to lock their #Stacks for at least one cycle (~2 weeks) to receive Bitcoin yield generated by Proof of Transfer (PoX). Those locked STX tokens have no liquidity meaning they cannot be converted or used for other purposes by the holders.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

9/ Papaya aims to play a pivotal role in increasing #Bitcoin and #Stacks utility by providing an on-ramp to DeFi accessible to users worldwide. Want to get technical? Read our Software Requirements Specification doc on GitHub!👇

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Papaya - Project Currently on Hold

@papaya_dao

1 year

3/ Liquid Stacking refers to a mechanism that allows users to deposit their #Stacks to receive a 1:1 tokenized representation in the form of stSTX. These stSTX tokens can be used in various DeFi applications, while the original STX are pooled and stacked to earn #Bitcoin rewards.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

4/ Papaya will use a Pay-to-Taproot (P2TR) Threshold Signature Wallet to convert and distribute #Bitcoin rewards as sBTC to users proportionally to their STX deposits.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

5/ sBTC is a Bitcoin-pegged asset designed to be issued on and interoperable with Bitcoin layers bringing programmability to Bitcoin.

kennyrogers.btc 🟧

@KenTheRogers

1 year

Curious about sBTC and how the @Stacks -based solution differs from other approaches? Here's a technical primer based on "sBTC Technical Dive", a #BitcoinBuilders2023 session with @igorsyl , @andrerserrano , and @xoloki 🔑🧵

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Papaya - Project Currently on Hold

@papaya_dao

1 year

6/ When users want their deposits back they simply exchange the stSTX back to Papaya to be burned and withdraw their original STX tokens.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

8/ Meanwhile, untapped Bitcoin capital remains the largest opportunity for dApp development and ecosystem growth as discussed by @Muneeb via @CoinDesk .

Hiro

@hirosystems

3 years

"Bitcoin is a trillion dollars in #crypto capital, and our goal is to turn that into productive capital so that people can deploy it into #smartcontracts and more around #Bitcoin ," CEO @muneeb weighs in for @nlw . 🎧 Listen now via @CoinDesk :

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Papaya - Project Currently on Hold

@papaya_dao

1 year

7/ Liquidity while earning rewards is not new in DeFi. In the last few years, Liquid Staking has emerged on chains like Ethereum and Solana. Earlier this year Liquid Staking became dominant in TVL within the DeFi categories as reported by @DefiLlama .

DefiLlama.com

@DefiLlama

1 year

For the first time, the Liquid Staking category has surpassed DEXes in total value locked, making it the leading category in DeFi by TVL dominance

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Papaya - Project Currently on Hold

@papaya_dao

1 year

10/ Automated Portfolio Management 📈 With liquid staking tokens available, portfolio management tools could be built to automate certain strategies, like rebalancing between liquid assets and staking positions, to optimize returns.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

3/ Collateralization for Loans 💎 Individuals can lend their tokenized staked assets on lending platforms to earn interest or use them as collateral to borrow other assets.

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Papaya - Project Currently on Hold

@papaya_dao

5 months

Grab some coffee and join us in this morning's Stacking discussion. ☕️

stacks.btc

@Stacks

5 months

Do you stack $STX to receive $BTC rewards? 🟧 Learn about the Stacks' consensus mechanism & how industry leaders are becoming Signers to further enhance network security. W/ host @KyleEllicott , @TychoOnnasch @papaya_dao @philiphacks @andrerserrano 👇

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Papaya - Project Currently on Hold

@papaya_dao

1 year

11/ Want more details (and visuals)? Read our doc that lays out the Business Use Cases that can be unlocked with Liquid STX on GitHub! 👇

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Papaya - Project Currently on Hold

@papaya_dao

1 year

7/ Interoperability Solutions 🧬 Builders can explore interoperability solutions that enable cross-chain liquid staking, allowing users to stake assets across different blockchains.

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Papaya - Project Currently on Hold

@papaya_dao

8 months

Ready to be part of this journey? Dive deeper into #Papaya and see how we're changing the #DeFi game with #Bitcoin . Try our testnet today , and join our community and start your #crypto evolution today. #sBTC

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Papaya - Project Currently on Hold

@papaya_dao

1 year

4/ Yield Farming 🚜 Rewards earned from yield farming can be converted and reinvested into more of the original asset, which can then be staked again, creating a compounding effect.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

9/ Institutional Participation 🏢 Liquid staking can offer a more attractive entry point for institutional investors. They can benefit from the potential rewards of staking while maintaining liquidity, which is often a requirement for institutional operations.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

6/ DeFi Integration 🧩 Builders can integrate liquid staking tokens into their DeFi applications, expanding the range of assets available for yield farming, lending, borrowing, and other DeFi activities.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

2/ Liquidity Provision 💧 Most obviously, staked STX can be traded, used as collateral, or utilized in other decentralized finance (DeFi) apps. Individuals can use these tokens to enter into other DeFi opportunities without having to unstake or sell their primary staked asset.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

5/ Hedging and Risk Management 🛡️ With the tokenized staked assets, individuals and institutions can easily trade or diversify their holdings. If they foresee a potential risk in one staked asset, they can exchange it for another without waiting for un-staking periods.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

8/ Cross-Protocol Synergies 🤝 Developers can create partnerships or integrations with other DeFi protocols, leveraging the liquid-staked assets to maximize yield for users.

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Papaya - Project Currently on Hold

@papaya_dao

8 months

#Papaya is a practical DeFi platform integrating #Bitcoin to enhance blockchain usability. Our aim is straightforward: to make decentralized finance more accessible and efficient. 🌟🚀 #sBTC

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Papaya - Project Currently on Hold

@papaya_dao

4 months

@JakeBlockchain @LMNOstacks Liquid stacking with BTC rewards coming soon! 👀

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Papaya - Project Currently on Hold

@papaya_dao

8 months

#Bitcoin 's vast potential remains largely untapped in DeFi. #Papaya builds with #sBTC , turning Bitcoin into a programmable asset and opening new doors in the DeFi universe. 🚀 Let's dive into what sBTC really is. 🌍💡

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Papaya - Project Currently on Hold

@papaya_dao

8 months

Into the heart of #Papaya : Liquid Staking. Stake your #STX , receive stacked stacks, and stay liquid while earning #sBTC rewards. It's staking made more efficient and rewarding. Your STX works while you reap benefits! 😎 #staking

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Papaya - Project Currently on Hold

@papaya_dao

8 months

Did you know the utilization rate of BTC in DeFi is a mere 0.006%? #Papaya unlocks Bitcoin's DeFi potential, onboarding #sBTC for wider, more effective use. Here’s the scoop. 👇 #crypto #btc

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Papaya - Project Currently on Hold

@papaya_dao

8 months

sBTC is a #Bitcoin -pegged asset that integrates #BTC with smart contracts and DeFi, heralding a realm of new opportunities in the blockchain space. #Papaya onboards #sBTC . #innovation #blockchain

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Papaya - Project Currently on Hold

@papaya_dao

1 year

@publiusbtc @Stacks Noted. Thank you. 🙏

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Papaya - Project Currently on Hold

@papaya_dao

1 year

@publiusbtc @Stacks Thank you. User-friendly UX is critical, agreed. We want users to be confident in what they are doing as they interact with Papaya.

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Papaya - Project Currently on Hold

@papaya_dao

1 year

@Stacks GM

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Papaya - Project Currently on Hold

@papaya_dao

5 months

@sudiro_deni There will be rewards! We are considering a few options and will communicate it once finalized. 🫡

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Papaya - Project Currently on Hold

@papaya_dao

1 year

@publiusbtc @Stacks You’re not wrong. 😅 We fully intend to do our best to make sure users are informed on what liquid stacking entails. Threads, FAQs, guides, etc. Any feedback along the way would be much appreciated.

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Papaya - Project Currently on Hold

@papaya_dao

5 months

@ZanyKhoa5312 @lnp_bp @ckbcell @RollkitDev @kasarLabs @sovereign_labs @nubit_org @bitsmiley_labs @AtomicFinance @SovrynBTC @moneyonchainok @tropykus @okutrade @ALEXLabBTC @StackingDao Thanks for the feature! 🙏

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Papaya - Project Currently on Hold

@papaya_dao

1 year

@publiusbtc @Stacks Everyone who wants to earn Bitcoin through Stacking while maintaining their liquidity!

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