Author

Topic: I'm going to create a brc-20 Liquidity Pool (Read 148 times)

legendary
Activity: 1834
Merit: 1131
June 08, 2023, 01:03:37 PM
#5
Do not write about your defi projects in mining. Staking coins is also not related to mining.
If your coin cannot be mined, or it is a token in the blockchain, then write a subject in Tokens (Altcoins). Your ordinals tokens cannot be earned through mining.

Well it was in Altcoin ANN but either OP moved it or a mod moved it. Kind of hard to say what section it should be in. I don't think any part of Alternate cryptocurrencies is appropriate since its all on Bitcoin.
brc-20 is the standard for tokens, and it doesn't matter on which blockchain this token is used.
legendary
Activity: 3010
Merit: 8114
Do not write about your defi projects in mining. Staking coins is also not related to mining.
If your coin cannot be mined, or it is a token in the blockchain, then write a subject in Tokens (Altcoins). Your ordinals tokens cannot be earned through mining.

Well it was in Altcoin ANN but either OP moved it or a mod moved it. Kind of hard to say what section it should be in. I don't think any part of Alternate cryptocurrencies is appropriate since its all on Bitcoin.
legendary
Activity: 1834
Merit: 1131
Do not write about your defi projects in mining. Staking coins is also not related to mining.
If your coin cannot be mined, or it is a token in the blockchain, then write a subject in Tokens (Altcoins). Your ordinals tokens cannot be earned through mining.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
Damn it, at least make the token format in optimized binary form so that we can stop bitching about the size.
newbie
Activity: 21
Merit: 8
Role of indexers


Meta-protocols living on top of the bitcoin blockspace like BRC-20, can only work out if everyone agrees on how we proceed specific datasets published as ordinals.
An indexer is a public repository of specification/script that allows us to verify any virtual type of data structures
In our case, we implement a ledger of $LPV1 brc-20 tokens



What are Meta Protocols?


Meta-protocols are like the superheroes of the blockchain world, seamlessly connecting various DeFi platforms and allowing users to access a wider range of features and services. By leveraging the capabilities of meta-protocols, you can maximize your DeFi experience and take advantage of the full potential of the blockchain. So put on your cyber-gear and get ready to explore the limitless possibilities of meta-protocols in the world of DeFi!


1 - Create transferable brc-20 pair

Initiate the pair by creating 2 brc-20 inscriptions that you own. https://image.noelshack.com/fichiers/2023/23/3/1686152918-capture.png

Structure example of token A, a transferable brc-20 $ordi

{
  "p": "brc-20",
  "op": "transfer",
  "tick": "ordi",
  "amt": "100",
  "pool": "1"
}



2 - Create a pool using $LPV1

https://image.noelshack.com/fichiers/2023/23/3/1686153006-capture.png


$LPV1 is the brc-20 token that is used and distributed as an accounting mechanism and smart contract for liquidity pools. It represents a share of the liquidity pool and is used to track each user's contribution to the pool. By holding $LPV1 tokens, users are entitled to a portion of the trading fees generated by the liquidity pool, incentivizing them to provide liquidity to the pool.
The use of $LPV1 tokens as an accounting mechanism and smart contract for liquidity pools is a significant development in the world of decentralized finance on bitcoin. It provides a transparent and efficient way to manage liquidity pools and enables users to participate in the growth of the DeFi ecosystem.


{
    "p": "brc-20",
    "op": "deploy",
    "tick": "LPV1",
    "max": "100",
    "pid1": "b61b0172d95e266c18aea0c624db987e971a5d6d4ebc2aaed85da4642d635735i0",
    "pid2": "940e8a6ec3943962c55fdd84809f3d878c6990da123cd3d02ae4769d3d86f3a6i0",
    "amt1": "1",
    "amt2": "1",
    "to": "1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa",
    "fees": "0.003"
}


3 - Inscribe OP Mint $LPV1

Once the inscription pool is deployed, we need to inscribe the synthetic assets (here $LPV1 that represents the ratio of the pool to create the inscription (RTFM if you don't know how, or use a paid service provider)


https://image.noelshack.com/fichiers/2023/23/3/1686153171-capture.png

{
    "p": "brc-20",
    "op": "mint",
    "tick": "LPV1",
    "amt": "100"
}



Jump to: