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tycho.btc 🍊 Profile picture
tycho.btc 🍊
@TychoOnnasch
Building Bitcoin capital markets @ZestProtocol | General Manager @trustmachinesco | Helped build @Stacks | History of finance @uniofoxford 🎓
May 23, 2025 • 16 tweets • 4 min read
1/16 Yesterday, @Stacks became the largest Bitcoin layer-2.

The new sBTC cap hit its limit at 5,000 BTC locked, overtaking Lightning’s 4,237 BTC and Liquid’s 3,755 BTC.

Bitcoin capital is coming home. Let's do an ultimate stacks refresh 👇 Image 2/16 What is Stacks:

A smart-contract chain that anchors every block to Bitcoin L1 via Proof-of-Transfer (PoX). You get Bitcoin programmability; miners bid BTC, STX stakers earn 8-9% BTC yield. Image
Oct 31, 2023 • 11 tweets • 2 min read
1/ Many asked for an sBTC OP_DROP deep-dive, here we go 🧵 2/ Important context: sBTC is a decentralised BTC peg secured by @Stacks consensus. Moving BTC to sBTC is a peg-in

OP_DROP is a mechanism by which to format a peg in, in addition to OP_RETURN (another mechanism by which a peg-in can be formatted)
Jul 19, 2022 • 10 tweets • 2 min read
For the longest time, it was hard to explain what @Stacks does

No longer.

Recent developments of modular blockchains make explaining Stacks much easier to a larger crowd 🧵 Bankless recently posted this graph
Feb 17, 2022 • 17 tweets • 5 min read
🍊 Meet Zest Protocol 🍊

Zest is on-chain Bitcoin capital markets. Undercollateralised bitcoin liquidity for institutional borrowers, zesty yields for individual Bitcoin lenders.

We're bringing the $120 trillion bond market on-chain. Zesty.🍊 For liquidity providers, Zest offers sustainable Bitcoin yield through professionally managed lending pools

For institutional borrowers, Zest offers undercollateralised on-chain Bitcoin financing without constant fear of liquidation.
Jan 18, 2022 • 26 tweets • 5 min read
For many, DeFi is a black box. We need more DeFi literacy on @Stacks to inspire the great builders we have to build exciting protocols.

I'll do a few threads on fundamental concepts and share hooks for interesting things to build

Let's start with Impermanent loss 🧵 With the @alexgoBtc launch, we get a new DEx on Stacks to provide liquidity (LP) to to farm sweet APYs.

But, when you LP on an AMM you lose some of your tokens due to impermanent loss. Sounds scary..
Jan 5, 2022 • 14 tweets • 3 min read
I think DeFi on Bitcoin is the biggest lever to grow crypto. Why? 👇 We need property rights on the internet for a good future. Crypto does this.