# The Bitcoin DeFi Bible

> Your complete guide to Bitcoin DeFi, SlowFi, and OP_NET technology.
> The cypherpunk's handbook to the next evolution of decentralized finance.
> URL: https://defibible.org

## How to Read This Site (for AI Agents)

This is a single-page JavaScript application. To read the full content:
- **Full text of every page**: https://defibible.org/llms-full.txt
- **This file (site index)**: https://defibible.org/llms.txt
- **Sitemap**: https://defibible.org/sitemap.xml

The llms-full.txt file contains the complete text content of all 16 chapters in markdown format (~1100 lines). Fetch that file to read the entire site.

## About This Site

The Bitcoin DeFi Bible (defibible.org) is a comprehensive guide to native Bitcoin DeFi powered by OP_NET — smart contracts on Bitcoin Layer 1 without bridges, wrapped tokens, or L2s. It covers DeFi mechanics (AMMs, yield farming, staking), Bitcoin-native trading via NativeSwap, and how to deploy tokens and yield farms on Bitcoin.

## Pages

### TLDR
- URL: https://defibible.org/docs/tldr
- Description: Bitcoin DeFi in 5 minutes — the big idea (SlowFi), the stack (OP_NET, Motoswap, NativeSwap, MotoChef, Proof of HODL, $MOTO), and what you can do

### Introduction
- URL: https://defibible.org/docs/introduction
- Description: Welcome guide — DeFi Summer 2020 history and what you'll learn in this guide

### The SlowFi Thesis
- URL: https://defibible.org/docs/what-is-slowfi
- Description: Why exit friction makes DeFi sustainable — slow chains beat fast chains, reflexivity flywheel, Bitcoin as optimal environment

### Why Bitcoin?
- URL: https://defibible.org/docs/why-bitcoin-defi
- Description: Bitcoin's structural advantages for DeFi — hard block space limit, fee wall, no wrapped tokens, UTXO model

### OP_NET Overview
- URL: https://defibible.org/docs/opnet-overview
- Description: How OP_NET enables smart contracts on Bitcoin L1 — Tapscript-encoded calldata, token standards (OP-20, OP-721), epoch system, consensus protocol

### Bitcoin Token Wars
- URL: https://defibible.org/docs/bitcoin-token-wars
- Description: Why BRC-20 and Runes failed (no composability, no liquidity pools) and how OP-20 tokens fix the problem

### Motoswap Exchange
- URL: https://defibible.org/docs/motoswap
- Description: First fully decentralized exchange on Bitcoin L1 — AMM pools, constant product formula (x*y=k), fees, LP provision, swapping

### NativeSwap (BTC Trading)
- URL: https://defibible.org/docs/nativeswap
- Description: Bitcoin-native AMM with P2P BTC settlement — constant product formula, seller queue, two-phase commit (reserve then execute)

### OP-20S Stablecoins
- URL: https://defibible.org/docs/op20s-stablecoins
- Description: Real USD-pegged stablecoins on Bitcoin L1 — peg-aware AMM pricing, stability mechanisms

### MotoChef (Yield Farming)
- URL: https://defibible.org/docs/motochef
- Description: MasterChef-style yield farming on Bitcoin — history of DeFi Summer 2020 food tokens, how it's replayed on Bitcoin L1

### Proof of HODL
- URL: https://defibible.org/docs/proof-of-hodl
- Description: Earn yield on BTC without locking it — UTXO-based staking with no custody, no delegation, no slashing. Bitcoin stays in your wallet.

### The $MOTO Token
- URL: https://defibible.org/docs/moto-token
- Description: Revenue-sharing token — stake MOTO to earn a cut of every swap fee on Motoswap. Fee flow mechanics.

### Yield Farming
- URL: https://defibible.org/docs/yield-farming
- Description: How yield farming works mechanically — reward math, pool types, allocation points, bonus periods, staking and harvesting

### Farming Strategies
- URL: https://defibible.org/docs/farming-strategies
- Description: Advanced strategies — timing entry during bonus periods, LP vs single-sided staking, compounding, exit signals, risk management

### Deploying Tokens
- URL: https://defibible.org/docs/deploying-tokens
- Description: How to deploy OP-20 tokens on Bitcoin L1 — yield-bearing vs simple tokens, supply planning, step-by-step deployment guide

### Deploying Yield Farms
- URL: https://defibible.org/docs/deploying-farms
- Description: How to deploy MotoChef yield farms — pool configuration, allocation weights, bonus periods, fee settings, step-by-step guide

### Quiz
- URL: https://defibible.org/quiz
- Description: Interactive quiz with 50+ questions covering SlowFi, OP_NET, Motoswap, NativeSwap, yield farming, and more

## Key Concepts

- **SlowFi**: DeFi mechanism where structural exit friction (slow blocks, high fees) keeps capital in protocols longer, enabling sustainable growth
- **OP_NET**: Consensus protocol enabling smart contracts on Bitcoin Layer 1 via Tapscript-encoded calldata. Not a chain, not an L2, not a sidechain.
- **NativeSwap**: Bitcoin-native AMM with P2P BTC settlement and two-phase commit
- **Motoswap**: First DEX on Bitcoin L1 — AMM pools, yield farming, token launches
- **MotoChef**: MasterChef-style yield farming engine on Bitcoin
- **Proof of HODL**: Non-custodial BTC staking using UTXO tracking — earn yield without locking BTC
- **OP-20**: Fungible token standard on Bitcoin (like ERC-20 on Ethereum)
- **OP-20S**: Stablecoin extension for OP-20 with peg-aware AMM pricing
- **$MOTO**: Revenue-sharing token — stakers earn fees from all Motoswap swaps

## Ecosystem Links

- Motoswap DEX: https://motoswap.org
- OP_NET Docs: https://docs.opnet.org
- OPScan Explorer: https://opscan.org
- OPTools: https://optools.org
- OP_WALLET: https://chromewebstore.google.com/detail/opwallet/pmbjpcmaaladnfpacpmhmnfmpklgbdjb
- GitHub: https://github.com/btc-vision
- Twitter/X: https://x.com/opnetbtc | https://x.com/Motoswap | https://x.com/bc1plainview