I’m posting this after seeing quite a lot of seed / private rounds for low quality projects pretending to solve the BRC20 UX by providing an Uniswap-like experience to users. Most of them are straight out not working and the few that actually works are half CEXs as all the logic happens offchain.
Given the BRC20 structure - Ordinals + centralized indexers - I was wondering if this could be useful and interesting: Move the AMM on the ext-chain (or NoM) and do the settlement on BTC. This means we can move Instriptions from Bitcoin to our chain or abstract away that part so it’s transparent for the user. Does this make sense? I mean, there’s an obvious issue here so maybe we can solve it and leverage this to step into the BTC nascent ecosystem. Foor for thoughts.