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).
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.
Stacks mining requires a large amount of Bitcoin in order to participate successfully.
Therefore, there is a need for having the ability for pooling together multiple users’ Bitcoin to be an effective miner.
Syvita is taking on this challenge with the Syvita Stacks Mining Pools.
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Arkadiko is a decentralized, non-custodial liquidity protocol where users can collateralize their STX tokens and borrow a stablecoin called USDA.
It enables you to gain increased liquidity in the form of a soft-pegged US Dollar stablecoin, while maintaining original asset exposure.
A big challenge and risk today is using Bitcoin in DeFi.
Because the Bitcoin blockchain does not natively communicate with other blockchains, there isn't a secure way to transfer, deposit, or lend your Bitcoin out without entrusting a custodian such as wBTC and opening yourself up to smart contract and third-party risk.
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)
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.
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.
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.
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.
