Discreet Log Contracts — Enabling settlement on Bitcoin.

Technology

In partnership with Stacks, DLC.Link is bringing smart contracts to Bitcoin.

We are building a bridge that will let Clarity contracts settle on Bitcoin, unlocking a trillion dollars of Bitcoin to be used for DeFi (Decentralized Finance).

Diagram: DLCs provide Bitcoin escrow secured by an oracle network
DLC.Link Smart Conract


DLC.Link
publishes the DLCs (Discreet Log Contracts)
that are already linked with a trusted oracle solution for parties to easily submit their Bitcoin wager to a non-custodial contract.

Therefore DLC.Link eases the problem of Bitcoin's liquidity.


All transactions will be secure, decentralized and with no custodian risk.

Using our bridge, startups will be able to build DApps (Decentralized Applications) as diverse as collateralized lending, currency hedging and derivatives applications for the Bitcoin market.

Roadmap

Q1

Chainlink Grant
Stacks Grant
Chainlink Integration

Q2

Stacks Accelerator
Close Pre-seed Funding ($500k+)
MOUs with 3 Stacks Teams
Redstone Smart Contract
Clarity Smart Contract
Lightpaper
Pre-accelerator Hackathon
Launch and Initial Protocol Onboarding

Q3

Sales

GSD Ventures Accelerator
Close Seed Funding ($2Mn+)
Customer Segments Identified

Token

Tokenomics Agency Identified
Technical Whitepaper
Initial Design of Tokenomics Architecture and Roadmap
Whitelisting

Technology

Importable DLC Trait (library) in Clarity
Expanded DLC Types (more complex payout curves)
Launch DLC Wallet Library
Launch DLC Oracle Network Closed Alpha

Q4

Sales

Ideal Customer Profile Identified
Test Outbound Campaign
MOUs with 25 Pilots (Stacks and other chains)
Pilots with at least 2 Node Operators

Token

Marketing Agency Identified
Finalize Token Launch Plan
Token Incentive Structure Determined

Technology

Operate DLC Oracle Network Closed Beta
DLC Oracle Selection Methodology and Smart Contract
DLC Wallet Technical Design
Supporting Advanced DLC Innovations (e.g. transferability, Lightning network)

$100 trillion market

Smart Contracts

$252 billion

DeFi

$2.3 trillion

Cryptocurrency

$10.9 trillion

Gold

$89.5 trillion

Stock Market

$280.6 billion

Global Real Estate

$1 quadrillion

Derivatives

FAQs

What is a DLC?

A Discreet Log Contract (DLC) is a supported type of smart contract on the Bitcoin network that uses an oracle such as Chainlink. It can permit conditional payments using Bitcoin's scripting language.

What is a Bitcoin oracle?

A simple blockchain oracle is a bridge between a single blockchain and the real world. A common example of an oracle is a hybrid smart contract that relays the pricing data of an asset traded on an exchange to a blockchain smart contract.

People can then use this outside data to settle trades with or kick-off subsequent transactions automatically. 

A Bitcoin oracle expands upon this and is the trusted third-party in a conditional agreement between two Bitcoin holders. A Bitcoin oracle announces the terms of an agreement and the corresponding payout which then can be used by any two participants willing to take opposite sides of the agreement.

How is a DLC different from a Hash Time Locked Contract (HTLC)?

HTLCs are conditional payments primarily used in Lightning Network payment channels. The primary difference between a HTLC and a DLC is that a HTLC only involves two parties and payment is initiated by one of the two parties.

This means there are no “if-this-than-that” types of Bitcoin payments that can be made using a HTLC because there is no third party acting as a referee.

Why wouldn’t you just use wBTC on Ethereum to do DLC-like transactions?

Wrapping Bitcoin involves trusting a third party custodian with your private keys. For some, this is getting too far away from the decentralized, permissionless mission that Bitcoin was created to solve. 

For those that desire to know exactly where, when, and how their Bitcoin is being moved opt to use DLCs because the threat of a hack or exploit is extremely minimal compared to the countless incidents when trusting another blockchain or smart contract.

The vision of DLC.Link is to build the bridge between Bitcoin and smart contracts to power the world’s first decentralized financial system.

DLC.Link

Enabling settlement on Bitcoin.

To fulfill the great decentralization in our lifetime, to build a strong decentralized financial system, by building a strong and decentralized bridge on Bitcoin, with Bitcoin, and for Bitcoin.

DLC.Link

Trust-minimized DeFi




In partnership with:
Stacks logoChainlink logo

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Team

Aki

Aki Balogh

CEO

  • Founded an AI company, raised $15Mn, and built a new industry.
  • OpenView Venture Partners
Jesse

Jesse Eisenberg

CTO

  • Pivotal Labs, MoPub, and Twitter Software engineering and engineering management
Matt

Matt Bombard

Product

  • Financial Audit at Goldman Sachs
  • Hobbies including creating lightning channel swaps with strangers on the internet.
Dan

Dan von Kohorn

Head of Strategy

  • Head of Enterprise Solutions at Chainlink
  • Advisor to ConsenSys
  • Serial entrepreneur
    (16 companies and counting)