BOS Community Call: Catch-up + Updates 🧙‍♂️

The Spaces brought the BOS community together for a comprehensive status update spanning market context, technology progress, liquidity plans, and community operations. Alien (community lead) opened with housekeeping and program updates, and Yago delivered a wide-ranging market analysis: BTC and ETH have fallen sharply amid heightened fear, yet traditional bear-cycle signals and macro conditions don’t align, suggesting traders may be over-indexed to the four-year cycle narrative. He urged long-term, fundamentals-based positioning and contrarian accumulation during peak fear, noting short-term liquidity headwinds following October’s perp-market cascade. On product and tech, BOS has launched, listed on multiple exchanges, and is seeing zkBTC and charms token activity. The team is advancing Bitcoin–Cardano integration (BTC beamed to Cardano as a standard CNT), upgrading ZK light clients, and building a first-of-its-kind zkVM supporting BLS12, enabling true ZK rollups and deeper Cardano/Midnight privacy alignment. MinSwap LP funding and broader DEX integrations are in motion, with CoinMarketCap/CoinGecko data largely corrected. Accessibility will improve via a better explorer, wallet, and an upcoming hackathon. Staking V2 on Cardano and node-operator staking are targeted for parity and responsible rollout (H1 2026). Community initiatives—Zealy sprint, Ordinals campaign, airdrop support, and giveaways—continue at full pace.

Boss Community Call — Full Summary and Notes

Participants and roles

• Alien (Host/Community Lead): Moderated the call, provided community program updates, managed Q&A, and shared ops context (illness-related slowdown last week; activities resuming).
• Yago (Core team/Project lead): Delivered market outlook, protocol/roadmap updates, token launch analysis, liquidity context, and technical deep-dives.
• Community question-askers referenced by handle: Lucas BR, Indulgent, Stormfister, Sudi, Lord White Fire, Dumble Oars, Jimmy Shaker, Solo, Metal Pig, Sensei man, “to be cryptological,” among others.

Market context and outlook (Yago)

• State of the market: Bitcoin has just had one of its worst months in years; from peak, BTC ~-33%, ETH ~-40%. Market sentiment is at “maximum fear/capitulation.”
• Disconnect from typical cycle drivers:
  • No blow‑off top or on-chain signals that usually precede a bear market.
  • Macro conditions don’t match a tightening/liquidity crunch; if anything, rates/liquidity trends are favorable.
  • Fundamentals look constructive: rising institutional interest and meaningful regulatory improvements.
• Four-year cycle “training”: Traders appear to be acting as if the classic halving cycle is deterministically in play, but many other indicators do not corroborate that pattern this time.
• Oct 10 derivatives cascade: A large liquidation event on perps severely impacted market makers (MMs)—some wiped out, others awaiting reimbursements from exchanges. Result: materially lower liquidity across assets; Yago expects several weeks for MMs/liquidity to normalize as capital is replenished/reallocated.
• Guidance/principles (not financial advice):
  • Invest on fundamentals with a long-term mindset; short-term fear is contagious.
  • Being contrarian in peak fear often enables acquiring discounted assets, even if precise bottoms can’t be timed.
• Implications for Boss: Short-term price/liquidity of Boss and integrated ecosystems (e.g., Cardano, Litecoin) will be affected. Team continues building; sees opportunity amid fear.

Protocol and product updates (since TGE)

• Token launch and listings: Boss token launched and listed on multiple exchanges with significant trading interest, especially on-chain.
• Live systems:
  • Grail (platform) and Grail Pro (institutional) are live and in use; Grail Pro facilitates institutional-type transactions on Bitcoin.
  • zkBTC and programmable Charms tokens continue to see activity on Bitcoin and elsewhere.
• Cross-chain BTC to Cardano:
  • Demonstrated BTC beaming/porting to Cardano.
  • Next milestone: represent BTC on Cardano as a standard native token so it integrates cleanly with Cardano tooling and DEXs.
• Critical infra delivered/in progress (deep tech):
  • ZK light clients adapted for Cardano: Boss’s ZK light client system, originally built for chains like Ethereum, was extended and Cardano’s light client side improved so Cardano proofs can be verified on Bitcoin. This increases Boss protocol flexibility for future integrations (e.g., Litecoin).
  • New zkVM with BLS12 support: Cardano uses a curve uncommon in current zkVM stacks. Boss is building what Yago characterized as the first zkVM capable of BLS12, enabling cheaper/faster zkVMs and, crucially, true ZK rollups and ZK apps on Cardano, plus deeper integration with Cardano’s Midnight protocol.
• Litecoin integration: Early-stage integration has begun, reusing the technologies above. Other Bitcoin rollups utilizing Boss will soon launch testnets.

Liquidity, listings data, and housekeeping

• Minswap LP and broader DEX integrations:
  • Goal: Provide liquidity on Minswap and integrate with additional DEXs on Cardano, as well as on BSC and later Ethereum.
  • Cause of delay: Post-TGE housekeeping that could only start after launch (e.g., exchange logistics, data feeds), plus market-wide MM disruptions. Team had to provision extra capital to MMs early on due to vanished organic liquidity. As that burden eases, capital/bandwidth shift to DEX LPs including Minswap.
  • Expectation: Minswap “coming online quite soon,” with other pools to follow.
• Market data corrections:
  • CoinMarketCap: Correct circulating supply and largely correct holders now displayed; residual undercount expected to be resolved shortly.
  • CoinGecko: Most issues solved; remaining fixes imminent.
  • Cause: Boss’s multi-chain design (tokens, users, tech across chains) initially confused standard indexers; Boss built APIs/explorer support pre-TGE but had to assist with proper implementation post-launch.

Access, tooling, and developer focus

• Current access: Public access exists for zkBTC, Boss token, and other Charms, but using them still requires technical proficiency.
• On the way:
  • Improved explorer and a better wallet experience; enabling Boss assets in wallets users already know.
  • Upcoming hackathon to catalyze tooling/front-ends, making Boss accessible to non-technical users.
  • Strategy: Boss is a platform/infrastructure layer—expect user-facing apps/rollups and integrations on BSC/Cardano/Ethereum/Litecoin to deliver the UX.

Token launch (TGE) review

• Mixed outcome:
  • Price initially exceeded internal expectations; DEX volumes were robust.
  • CEX volumes were lighter than expected, consistent with weaker MM participation on orderbook venues in the post-crash period.
  • Entire post‑TGE period has been within an unusual, low-liquidity environment characterized by high fear—non-ideal, but interest/performance remained significant, often outperforming peer assets (per Yago).

Tokenomics, staking, and buy-and-burn

• Inflation/Unlocks:
  • No inflationary model planned; short-term circulating increases mainly from presale unlocks.
  • Magnitude: Presale allocation is ~3% of total supply; expected to translate into roughly a ~12% increase in circulating supply over the next 6 months (per Yago’s quick math).
• Staking for Boss:
  • Plan: Launch Boss v2 on Cardano first, enabling Boss tokens to move cross-chain among all Boss-integrated chains; then add staking, ensuring Cardano-based holders aren’t disadvantaged.
  • Timing: Staking unlikely during 2025; pessimistic target is H1 2026, potentially sooner if tooling matures responsibly.
  • Rewards/lockups: Not detailed yet; questions on reward generation/lock periods were not confirmed in this call.
• Buy-and-burn:
  • Trigger: Will activate after the protocol has accumulated sufficient revenue.
  • Current revenue: Approximately ~1 BTC to date; want to see revenue grow before enabling buy-and-burn.

Roadmap and upcoming milestones

• Near-term:
  • First testnet rollouts for projects building on Boss.
  • zkBTC availability and generalized beaming/porting of Bitcoin assets to Cardano and other chains.
  • A Cardano-specific initiative (under wraps) to be announced soon.
  • Continued Litecoin integration progress with announcements expected soon.

Ecosystem relations and positioning

• Cardano community and Charles Hoskinson:
  • Clarification: Boss received no Catalyst funding.
  • Relationship with Charles: Good; initial strong support, mid-course concern about a token, which softened upon learning it would be on Cardano. Characterized as a “storm in a teacup.”
• Midnight sidechain (Cardano) and privacy:
  • Boss intends to integrate with Cardano/Midnight to bring selective-disclosure privacy/confidential transactions to Bitcoin and UTXO ecosystems via Boss.

Bitcoin L2 landscape and Lightning Network

• Coordination among Bitcoin L2s:
  • Philosophy: Healthy independence is good, but Boss aims to be a unifying platform, turning major UTXO chains (Cardano, Litecoin; eventually Doge, Monero) into Bitcoin Layer-2s and unifying crypto around Bitcoin.
  • Competition: Other approaches exist (e.g., projects like Citrea, Alpen pursuing their own rollups). Boss’s strategy is to integrate existing systems rather than build isolated L2s.
• Lightning Network:
  • Integration is theoretically possible but not a priority.
  • Rationale: Boss aspires to surpass Lightning in scale, capital efficiency (no pre-funding), privacy (beyond hop-obfuscation), and programmability. LN usage remains niche and operationally complex (pre-funding, always-on requirements, channel liquidity/routing management), often relying on centralized intermediaries. Boss targets a simpler, more capable path.
  • Background note from Yago: He recounted early involvement with ideas that preceded LN, predicted LN’s usability constraints, and has pursued Boss as the long-term solution to Bitcoin’s scalability/programmability needs.

Metrics and TVL the team tracks

• Primary operational metrics:
  • On-chain transaction volumes for Charms tokens (including zkBTC), especially on Bitcoin.
  • Integrations pipeline and tech deployment progress.
• TVL/commitments:
  • zkBTC orders of magnitude: currently trackable via the Boss website dashboard; fluctuates. Expectation is low eight‑figure range through year‑end due to seasonality and institutional calendars.
  • 2026 growth: Most significant expansion is expected in zkBTC, with additional assets like ZK‑LTC enabling DeFi for Litecoin for the first time.

Community operations and programs (Alien)

• Activity cadence: Last week’s slowdown was due to Alien’s illness; events and engagement are resuming at full speed.
• Current/near-term programs:
  • Ordinals campaign live: Free mint for top 1,200 on the campaign quest board.
  • “Die hard” role: Special perk/announcement coming next week.
  • Zealy: Next Sprint Ladder expected in ~2 weeks (brief cooldown after an intense last sprint).
  • Ambassador program: Announced pre‑TGE; application reviews resume next week after post‑TGE support load and illness; onboarding contingent on fit/criteria.
  • Airdrop claims: Some edge‑case issues being handled manually; Alien is working toward possible accommodations/second‑chance process but cannot promise; watch announcements early next week.
  • Giveaways: Engage points and USDC raffles to accelerate community rewards (e.g., PS5 incentive via Engage marketplace).
• Community tone: Emphasis on mutual support through tough market conditions; maintain long‑term focus and learning ethos.

Consolidated Q&A highlights

• When Minswap LP? Soon. Work to fund Minswap and other DEXs on Cardano is underway; broader DEX integrations on BSC and later Ethereum also planned. Early weeks post‑TGE required housekeeping and responding to market maker disruptions before allocating capital to DEX LPs.
• Public access to products/pools? Limited public access exists now for technically savvy users. Accessibility is being improved via explorer/wallet upgrades, wallet integrations, and a hackathon focused on end‑user tooling.
• Presale investor concerns and delays: Team acknowledges frustration. Short‑term performance/liquidity is heavily impacted by the broader market and the Oct 10 MM shock. Focus remains on fundamentals and executing integrations/liquidity deployments.
• Catalyst funding? None received by Boss.
• SOV stakers and airdrop: A SIP will formalize what’s already announced—Sovereign (a founding entity) will receive a Boss allocation; first unlocks scheduled for Oct 2026. Further details for SOV stakers were not provided in this session.
• Staking mechanics (rewards/lockups)? Not specified yet. Staking feature targeted for H1 2026 (possibly sooner), with Boss v2 on Cardano preceding staking to ensure cross‑chain parity.
• Relationship with Charles Hoskinson? Good; concern over token issuance diminished once it was on Cardano; now considered a resolved issue.
• Next major milestones? First testnets, zkBTC availability and generalized beaming to Cardano/other chains, a forthcoming Cardano initiative, and visible progress on Litecoin integration.
• Comparison to Bob (Bitcoin‑narrative rollup): Bob is an Ethereum rollup (Optimism stack) with a polished app layer; Boss is infrastructure. Expect UX to surface via projects building rollups/apps on Boss and chain integrations.
• TVL/targets by 2025: Current zkBTC commitments trackable on the site; expect low eight‑figure range through year‑end. Larger growth expected in 2026 (zkBTC, ZK‑LTC, etc.).
• Key success metrics? Charms/zkBTC on‑chain transaction volumes, integrations, and tech rollout progress.
• Buy‑and‑burn start? After sufficient protocol revenue accrues; to date roughly ~1 BTC revenue; no specific date yet.
• Boss as a coordination layer for Bitcoin L2s? Aim is to unify while allowing healthy independence; Boss intends to make major UTXO chains effective Bitcoin L2s and act as a platform that can unify crypto around Bitcoin. Other teams pursue alternative designs; competition expected.
• Midnight privacy fit? Yes—Boss/Cardano/Midnight integration can bring selective disclosure privacy to Bitcoin and other UTXO ecosystems.
• Lightning Network integration? Possible but not prioritized; Boss targets a more scalable, capital‑efficient, private, and programmable paradigm than LN, whose adoption remains niche and UX complex.

Closing sentiment

• Yago: This may be Bitcoin’s most interesting moment—dawn of a new era where Bitcoin becomes institutional/reserve, programmable, scalable, and the center of crypto. Boss’s mission is to deliver the rails and UX (through integrations/rollups) that unlock new ways to use Bitcoin.
• Alien: Community momentum continues—events, sprints, campaigns, and support will keep ramping. Stay long‑term focused and take care of yourselves.