Bitlayer's first native DEX

Bitlayer is the first Bitcoin security equivalent Layer 2 based on BitVM. Since the launch of the mainnet V1 in April this year, Bitlayer's current TVL has exceeded US$500 million, becoming the fastest growing second-layer network in the Bitcoin ecosystem.

On June 27, Bitlayer announced that it would jointly launch the second phase of the Mining Gala with the OKX Web3 wallet. The participants of this phase of the event include six Bitlayer ecological projects, including GamerBoom, Macaron, Anome, Vanilla Finance, Avalon Finance and Zearn, and set up BTR (Bitlayer token) worth US$1.2 million and six project airdrop rewards.

This article will provide readers with important information about participating in the second phase of the Bitlayer Head Mine Festival, Macaron, and provide users with guidance.

Project Introduction

Macaron is the first native DEX on Bitlayer, providing users with a series of tools, including liquidity farming, staking incentives, trade-to-earn, airdrops, etc. to increase user benefits.

Ecological Data

TVL: $31.3M

Ecological Partners: 40+

Twitter Followers: 145K+

Discord Members: 13K+

Long-term Vision and Roadmap

Macaron's mission is to bring more user base and higher liquidity to the Bitcoin ecosystem.

Phase 1

With the rapid development of the Bitlayer ecosystem, Macaron will support Bitlayer ecosystem assets with high liquidity, user-incentive profit mechanisms, and CEX-like trading experience. With the large-scale adoption of Bitlayer and the continuous construction of the ecosystem, Macaron will become the first platform to undertake user and capital flows.

Phase 2

By integrating and bridging other Bitcoin L2s, Macaron is committed to becoming a leading trading platform for all major Bitcoin assets, introducing more high-quality assets including Runes and Ordis to users.

Phase 3

By connecting the EVM ecosystem, Macaron will bring a higher level of traffic and traction to the Bitlayer ecosystem and the Bitcoin ecosystem. In this stage, Macaron will open a window for the EVM protocol and its users to enter the prosperous Bitcoin world.

Head Mine Festival Reward Introduction

Macaron will provide generous rewards for users participating in this event, including:

1. The team will provide Macaron DeFi points with a maximum value of $200K.

2. Users who complete Macaron tasks have the opportunity to share 150,000 USDT of $BTR token rewards.

3. As long as you participate in the First Mine Festival and complete the tasks, you will have the opportunity to share 300,000 USDT of $BTR token rewards (after TGE is completed).

Introduction to the First Mine Festival

Macaron has set the following tasks for users participating in the event: Users only need to use the OKX wallet to complete a designated trading pair transaction (USDT/BTC) worth 5U or more to get 100 Macaron DeFi points., which can be exchanged for mainnet governance tokens in the future.

The specific entrance to the First Mine Festival Phase 2 event is as follows: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37

More tutorials about the First Mine Festival event are as follows: https://www.notion.so/bitlayerlabs/Bitlayer-2-0b3948d329514b38a3445835dc379223