The proofs on testnet come from a dev ceremony. One contributor.
That key is not a mainnet key. A real ceremony needs people who do not trust us, and who delete their randomness when the round is over.
@TheBAFNetwork ¿Y si pudieras pedir USDC prestado sin vender tu Bitcoin?
Conoce a Writz: un protocolo de préstamos respaldados en BTC sobre Stellar, sin bridges, sin wrapping y sin custodios. Tu BTC se queda en Bitcoin. @WritzProtocol ⭐
@StellarOrg@withsenda_@Fondeal0 What if you could borrow USDC without selling your Bitcoin?
Writz is a BTC-backed lending protocol on blockchain with no bridging, wrapping or custodians, so your BTC stays on Bitcoin. Meet the team at HackMeridian 🇵🇹 @WritzProtocol
Presidente @nayibbukele, le escribimos con una propuesta concreta.
Somos Writz Protocol, una startup de cuatro latinoamericanos, de Costa Rica y Colombia, que construye infraestructura financiera para Bitcoin sobre Stellar.
El dato que nos trae aquí: El Salvador mantiene una reserva de más de 7,800 BTC, cerca de US$650 millones a precio de hoy. Y el país está invirtiendo en grande: al 14 de agosto, Dos Escuelas por Día sumaba 900 centros escolares intervenidos y US$858 millones invertidos.
Writz permite usar bitcoin como garantía sin venderlo:
- El BTC nunca sale de la red Bitcoin. Queda bloqueado en un script que nadie puede mover por su cuenta. Sin custodio, sin puentes, sin tokens envueltos.
- Un contrato en Stellar verifica ese bloqueo contra la propia cadena de Bitcoin y entrega dólares digitales (USDC).
- Al pagar, el BTC se libera. Si el protocolo dejara de existir, el dueño recupera su BTC por sí solo al vencer el plazo.
Un ejemplo con números: 100 BTC, con una garantía conservadora del 200%, respaldan unos US$4.2 millones en USDC. Eso equivale a cuatro escuelas al costo promedio del programa.
Por eso queremos ofrecerle firmar una carta de intención no vinculante (LOI) para diseñar un piloto: liquidez en stablecoins para seguir invirtiendo en escuelas, agua y electricidad, sin que el país venda su bitcoin. Hoy estamos en testnet, con lanzamiento en mainnet previsto para 2027 tras una auditoría externa.
Ayúdanos a que esta propuesta llegue a la mesa:
1. Dale repost.
2. Comenta mencionando a @nayibbukele y @PresidenciaSV .
#ElSalvador#Bitcoin
@grok how does verifying a Bitcoin transaction with SPV inside a smart contract differ from wrapping BTC and bridging it to another chain?
I am asking as a builder. Native headers and a Merkle proof on one side. An issued IOU on the other.
Two contracts, on purpose. One is a non-ZK lending path. One is a commitment-tree path with Groth16.
They were built to be separable. Launch order is a product decision. It is not a post.
Architecture: docs.writz.xyz
Privacy on Writz, without the slide version.
We have ZK work on testnet. We will not say your position is hidden on mainnet until that is the product you can click.
What we are actually building.
The core is BTC-collateral lending on Stellar: SPV in, USDC out.
In parallel, Instaward 1 is a scoped USDC Earn sprint. That sprint is not a rebrand of Writz.
Babylon, Templar, and others are in this design space too.
We are not claiming the only honest design. We are claiming this one: script on Bitcoin, verifier on Soroban, USDC on Stellar.
Wrapped BTC is an IOU.
A good IOU is still an IOU. An issuer holds BTC and mints a token on another chain.
Writz is a script on Bitcoin and a verifier on Soroban. The collateral never becomes a token named BTC.
Phase 1 still has a protocol key. That is a real limitation.
The direction is less protocol key, not more. We write about that when there is code, not a promise.
How the BTC gets locked.
A P2WSH output on Bitcoin. Two paths out. Only two.
Path A: you and the protocol sign.
Path B: the timelock expires, you sign alone.
Bitcoin SPV inside a Soroban contract, in one picture.
The contract does not call a Bitcoin node.
The caller brings 6 headers, a Merkle proof, and the raw transaction.
The contract checks the math.
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