Bitflow Finance and Pontis have developed an automated-market maker (AMM) for the Runes protocol on Stacks, the first AMM for such tokens on the Bitcoin layer-2 network. Runes is a protocol for issuing fungible tokens on Bitcoin, similar to memecoins. The AMM aims to improve liquidity and address issues such as slow transaction speeds, high fees, and sniping of pending transactions. It utilizes Stacks' Nakamoto upgrade to speed up transaction times and allow trading between BTC and Runes.



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