Connect with us
DAPA Banner

Crypto World

Bitcoin layer-1 smart-contract platform OpNet debuts with native DeFi stack

Published

on

The Protocol: New Ethereum scaling plans

Bitcoin’s biggest limitation just got shattered. A new protocol went live Thursday, making it simple to put the largest cryptocurrency directly to work in powerful, yield-generating strategies within the booming world of decentralized finance (DeFi).

OpNet, a new smart-contract protocol, was activated on the Bitcoin blockchain, marking the arrival of DeFi-powering smart contracts that run directly on Bitcoin’s foundational layer. This keeps traders’ bitcoin on Bitcoin’s mainnet through standard transactions with BTC as the only fee token.

DeFi powers lending and borrowing activities that allow token holders to earn additional returns on their coin holdings. Holders of tokens native to smart-contract blockchains like Ethereum have always been able to access DeFi seamlessly, because the blockchain itself hosted most of the DeFi industry.

But the promise of DeFi came with a catch: it was closed to bitcoin. Bitcoin owners had to adopt strategies such as wrapping BTC with centralized services like Bitgo or Coinbase, using bridges to move assets to Ethereum or other chains, or depositing into custodial lending platforms to access the industry. Each step introduced counterparty risks that contradicted Bitcoin’s core principle of trustless, self-sovereign money.

Advertisement

OpNet’s mainnet debut claims to solve that issue and represents the first time users can access real DeFi applications, such as swapping, staking and token launches, without bridges, wrapped BTC or leaving Bitcoin’s base layer, potentially eliminating the security risks and custody issues that have plagued previous Bitcoin DeFi attempts.

All users need to do is connect their wallets to DeFi applications, keeping their bitcoin as it is and maintaining full control over their assets.

“Every OpNet transaction is just a Bitcoin transaction. Users are never doing anything but making Bitcoin transactions,” Chad Master, a co-founder of OpNet, said in an interview with CoinDesk. “Connect your BTC wallet, make a trustless swap, and your Bitcoin stays Bitcoin. This is what native DeFi on Bitcoin actually looks like.”

The protocol turns Bitcoin DeFi seamless by embedding contract bytecode, parameters and execution data directly into standard Bitcoin transactions. These are then confirmed by Bitcoin miners, ensuring that decentralized applications operate with their execution and state immutably anchored to Bitcoin’s base layer.

Advertisement

Debuts with DeFi stack and OP-20 standard

OpNet’s mainnet activation includes a live DeFi stack running on Bitcoin layer 1. The initial ecosystem enables permissionless smart-contract deployment and focuses on trading, yield generation and native asset issuance.

That allows developers to introduce tokens under the OP-20 standard and build DeFi applications that settle directly to Bitcoin’s base layer.

Users can access MotoSwap, a decentralized exchange for swapping BTC and OP-20 tokens directly on Bitcoin. The platform includes NativeSwap’s two-phase execution model designed to handle Bitcoin’s slower block times, and staking contracts that let users create yield farms for new assets.

The SlowFi embrace

While other blockchains and protocols yearn for speed, OpNet views Bitcoin’s inherent slowness, characterized by 10-minute block times and L1 congestion dynamics, as features, not bugs, calling it “structural exit friction.”

Advertisement

“This is where the SlowFi thesis becomes real: slower blocks, higher fees during congestion, and capital that stays in protocols long enough to actually build value,” Chad Master said. He argued that this friction makes liquidity stickier, preventing “panic exits” and fostering a more durable DeFi cycle where protocols have time to stabilize and iterate.

Master likened the debut to a replay of a foundational era in crypto:

“We’re basically running back 2020 Ethereum DeFi Summer play-by-play on Bitcoin Layer 1 … But this time, the environment is better. Bitcoin’s 10-minute blocks create natural exit friction that sustains liquidity longer.” This suggests a more robust and sustainable DeFi ecosystem, less prone to the “farm-and-dump” cycles seen on faster chains.

The OpNet team also signaled major stablecoin integration on Bitcoin via the OP-20S extension standard as a key milestone for early Q2 2026, promising to further expand the utility of Bitcoin-native DeFi.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

‘AI agents will take jobs’ as crypto leads next wave of automated trading, exec says

Published

on

‘AI agents will take jobs’ as crypto leads next wave of automated trading, exec says

As AI agents become a bigger topic in crypto, Pranav Ramesh told CoinDesk that Nasdaq has already been using them across several sections of its business and has sharply expanded that use over roughly the past 18 months.

Ramesh, head of options research at Nasdaq and co-founder and CTO of Leadpoet, said the most meaningful shift has been in trust. “AI agents are relatively new, probably being used more and more over the last six months,” he said, arguing that earlier systems hallucinated too often for sensitive enterprise workflows.

He said Nasdaq is using AI agents in areas including market surveillance, compliance, and market microstructure analysis, and pointed to Nasdaq Verafin’s “Agentic AI Workforce,” which Nasdaq says automates “low-value, high-volume compliance processes” in anti-money laundering work.

Ramesh also pointed to Nasdaq’s AI-powered order type. Nasdaq announced in 2023 that its Dynamic M-ELO order type had become the first exchange AI-powered order type approved by the SEC, using an AI model with more than 140 factors to adjust to real-time market conditions.

Advertisement

For Ramesh, that experience informs how he sees crypto. He said crypto trading platforms are likely to move aggressively on AI agents for both internal operations and retail-facing tools, including position analysis, trade suggestions and execution support. “The crypto trading world is actually going to lead the charge on how AI is used within the retail trading environment,” he said.

He did not describe that shift as fully autonomous. Instead, he said the model he sees taking hold is one in which agents handle most of the analysis and workflow while humans retain final approval. In the interview, he said that at Nasdaq, many systems still stop short of full automation, with human review remaining in the last step.

AI and AI Agents will replace a lot of human labor

Ramesh’s views are also unusually blunt on labor. “Yes, it will take a lot of jobs,” he said of AI agents, adding that he believes lower-level software, customer service and analyst roles are already being displaced as systems become faster, cheaper and more reliable. He framed that as an observable trend rather than a prediction.

And he seems to be right as companies, including the most recent being Crypto.com, which laid off 12% of its staff in a push for greater automation and efficiency through AI. Earlier, crypto research firm Messari parted ways with several of its staff and its chief executive as the company transitioned into what the new CEO called an “AI-first company.” Last month, Block, the payments company founded by Jack Dorsey, announced plans to slash 40% of employees, over 4,000 people, citing improved AI models.

Advertisement

The AI trend lead to founding Leadpoet

That thesis also shaped his path into Leadpoet, the startup he co-founded with Gavin Zaentz. According to a February 2026 company fact sheet, the two met at Nasdaq and founded the company after repeatedly encountering the same problem: outbound tools could generate static lists, but identifying real buying intent still required manual research.

Leadpoet describes itself as an AI-powered lead qualification platform that turns web signals and company context into “decision-ready lead recommendations,” emphasizing “precision over volume.” The company says it supports private deployments so customers can score intent and generate outreach on their own data without exposing it to a vendor.

The fact sheet says Leadpoet uses Bittensor, which describes itself as a decentralized, blockchain-powered AI network that allows participants to contribute models and compute while earning rewards. Ramesh said that a decentralized, competitive structure is part of the appeal, because it can improve models faster than a centralized roadmap.

Leadpoet also says it is a member of NVIDIA Inception, NVIDIA’s startup program for AI companies. NVIDIA describes Inception as a free program that offers technical resources, go-to-market support and access to its broader ecosystem.

Advertisement

In the company’s February 2026 fact sheet, Leadpoet says it reached a $1 million annualized run rate in its first quarter after launch and received backing from DSV Fund and Astrid. In that same material, DSV Fund CIO Siam Kidd said Ramesh and Zaentz combine “deep AI engineering expertise with a real understanding of day-to-day sales.”

Ramesh tied the company directly to what he says he saw inside large institutions adopting AI: agents moving from assistants to systems that can handle real operational work. In crypto, he said, that shift is likely to become visible faster than in many other corners of finance.

Source link

Advertisement
Continue Reading

Crypto World

Opera Proposes CELO Token Deal, Replacing Cash Payments With Crypto Stake

Published

on

Opera Proposes CELO Token Deal, Replacing Cash Payments With Crypto Stake

Opera, a Nasdaq-listed web browser company, is proposing to change how it is compensated by the Celo ecosystem, opting to receive native tokens instead of cash as it deepens its involvement with the network.

The company said Thursday it has proposed restructuring its commercial agreement, moving from US dollar-denominated quarterly payments to an allocation of 160 million CELO (CELO) tokens, subject to approval by Celo’s onchain governance community.

If approved, the shift would more directly align Opera’s financial incentives with the network’s performance and make it one of the largest institutional holders of CELO.

Celo is an Ethereum-aligned protocol focused on mobile-first payments, particularly for stablecoin transfers in emerging markets. Last year, it transitioned from a standalone layer-1 blockchain to an Ethereum layer-2 network.

Advertisement
Like many blockchain-native tokens, CELO has struggled to return to its previous highs. Source: CoinMarketCap

Opera said the proposed change reflects its “belief in the long-term value” of the Celo ecosystem. The two have worked together since 2021, when Opera integrated Celo-native stablecoins into its browser wallet.

The partnership has increasingly centered on Opera’s MiniPay wallet, a self-custodial app built on Celo, which the company says has grown to 14 million users and focuses on stablecoin payments in emerging markets. MiniPay initiated connections with Latin America real-time payment platforms PIX and Mercado Pago in November.

To be sure, Opera isn’t the only company to accumulate tokens tied to a blockchain protocol. Ethereum software company ConsenSys has exposure to Ether (ETH) through its work on core infrastructure, such as MetaMask. Blockstream, a Bitcoin infrastructure company, holds Bitcoin (BTC) while developing products and services around the network.

Related: US ban on stablecoin yield could see others fill the void: Ledger exec

Opera reports revenue growth, announces buyback

Opera’s deeper integration with Celo comes on the heels of stronger-than-guided results, as the company reported growth across its core browser business and newer product segments.

Advertisement

In February, Opera reported fourth-quarter revenue of $177.2 million, up 22% year-over-year. Adjusted earnings came in at $41.9 million, representing a 24% margin.

For the full year, revenue reached $614.8 million, with adjusted earnings of $142.5 million.

The company also announced a $300 million share repurchase program, which reduces the number of outstanding shares and can increase earnings per share.

Opera’s Nasdaq-traded shares are up more than 21% over the past month and currently trading at around $15 a share, giving the company a market capitalization of roughly $1.3 billion.

Advertisement
Opera (OPRA) stock. Source: Yahoo Finance

Related: Abra targets Nasdaq listing in $750M deal with New Providence SPAC