odin.fun成為一種新的泵。

由於Solana上的泵熱量逐漸消退，因此許多新項目仍然樂於改善基於泵模型的企業家精神

Since the pump.fun craze on Solana has gradually subsided, many new projects are still happy to improve entrepreneurship based on the pump model, such as time.fun, Super.exchange and takes.fun.

由於Solana上的泵。Fun熱潮逐漸消退，因此許多新項目仍然樂於改善基於泵模型的企業家精神，例如Time.fun，super.exchange and take.fun。

Recently, a Runes asset issuance and trading platform with the same core as pump.fun has emerged in the Bitcoin ecosystem - Odin.Fun, and its popularity has gradually increased in the past month. According to official disclosures, in the past 30 days, the transaction volume of the Odin Fun platform exceeded 1,000 BTC (about 84 million US dollars), the number of platform addresses exceeded 37,000, and the market value of the leading rune ODINDOG•ID•YTTL•ODIN reached a maximum of 35 million US dollars.

最近，一個具有與Pump.Fun相同的核心的資產發行和交易平台在比特幣生態系統中出現了 - Odin.Fun及其在過去一個月中的受歡迎程度逐漸增加。根據官方披露，在過去的30天中，Odin Fun平台的交易量超過1,000 BTC（約8400萬美元），平台地址的數量超過37,000，領先的Rune Odindog•ID•ID•YTTL•ODIN的市場價值達到了3500萬美元。

Can the emergence of Odin.Fun inject new vitality into the long-sluggish Bitcoin ecosystem? In this article, Odaily Planet Daily will briefly introduce the gameplay of Odin.Fun and the current popular tokens for readers' reference.

Odin.fun的出現是否可以注入長長的比特幣生態系統？在本文中，Odaily Planet Daily將簡要介紹Odin.Fun的遊戲玩法和當前流行的讀者參考的流行令牌。

Odin Fun Introduction: pump.fun + Rune AMM

Odin Fun介紹：pump.fun +符文AMM

Odin.Fun was officially launched on February 3. In essence, it is an asset issuance platform that hopes to use the pump model to improve the liquidity of runes. It is led by Bitcoin ecosystem OG and serial entrepreneur BoB.

Odin.Fun於2月3日正式啟動。本質上，它是一個資產發行平台，希望使用泵模型來改善符文的流動性。它由比特幣生態系統OG和串行企業家Bob領導。

Therefore, Odin.Fun also has internal and external disks. Users can spend 3333 sats (about 2.8 US dollars) to create internal disk runes. The total amount is fixed at 21 million. When the joint curve progress reaches 100% (the rune market value reaches 1 BTC), the runes created by the user will be truly etched into the Bitcoin mainnet, which is also called Ascend (login) on Odin.fun.

因此，Odin.Fun還具有內部和外部磁盤。用戶可以花費3333個SAT（約2.8美元）來創建內部磁盤符文。總金額定為2100萬。當關節曲線進度達到100％（符文市場價值達到1 BTC）時，用戶創建的符文將真正刻在比特幣主網中，該比特幣主網也稱為odin.fun上的Ascend（login）。

But unlike pump.fun, which has only just begun to think of building its own AMM, Odin.Fun has built an AMM pool on the platform from the beginning. When the internal rune is logged in, 20% of the token supply and 0.2BTC will be deposited into the AMM pool for trading. At this point, the price of the token will also be traded along the AMM curve (k = X * Y) instead of the joint curve (y = e^x). For the logged-in runes, users can choose to add liquidity to the corresponding pool to earn handling fees.

但是，與Pump.Fun不同，Fun才剛剛開始考慮建立自己的AMM，Odin.Fun從一開始就在平台上建立了一個AMM池。登錄內部符文時，將有20％的令牌供應和0.2BTC存放到AMM池中進行交易。在這一點上，令牌的價格也將沿AMM曲線（k = x * y）而不是關節曲線（y = e^x）進行交易。對於已登錄的符文，用戶可以選擇在相應的池中增加流動性以賺取處理費。

The existence of the Rune AMM on the Odin.Fun platform has also greatly improved the liquidity of the Rune, allowing users to trade Runes and add/remove liquidity in seconds. At the same time, the Odin.Fun platform also adopts different charging strategies. If the Rune is still in the internal disk, Odin.Fun charges a 1% handling fee for all transactions (similar to pump.fun). If the Rune has been successfully etched, Odin.Fun charges a 0.5% AMM Swap fee (0.3% of which goes to the liquidity provider).

Fun平台上的符文AMM的存在也大大提高了符文的流動性，使用戶可以在幾秒鐘內交易符文並添加/刪除流動性。同時，ODIN.FUN平台還採用了不同的充電策略。如果符文仍在內部磁盤中，則ODIN.FUN為所有交易（類似於Pump.Fun）收取1％的處理費。如果符文已成功蝕刻，Odin.Fun收取0.5％的AMM交換費（其中0.3％用於流動性提供商）。

How secure are user assets?

用戶資產的安全程度如何？

Recently, there has been a lot of debate in the community about the security of user assets on the Odin.Fun platform. Some users believe that Odin.Fun has the risk of swallowing up the user's BTC principal. The reason is that Odin.Fun is not built on the Bitcoin mainnet, but on a behind-the-scenes network called Valhalla, so users need to deposit BTC into the Odin.Fun platform to participate in new issuance and trading. According to information provided by Odin.Fun officials, Valhalla supports 2-second finality, provides decentralized Bitcoin deposits and withdrawals (TSS), and waives all gas fees.

最近，社區中有關ODIN.FUN平台上用戶資產的安全性有很多爭論。一些用戶認為Odin.Fun有吞噬用戶BTC主體的風險。原因是odin.fun不是在比特幣主網上構建的，而是在名為Valhalla的幕後網絡上，因此用戶需要將BTC存入ODIN.FUN平台以參與新的發行和交易。根據Odin.Fun官員提供的信息，Valhalla支持2秒的終結性，提供分散的比特幣存款和提款（TSS），並免除所有汽油費。

Regarding the BTC deposit, Odin.Fun said that it uses a threshold signature (TSS) mechanism similar to ICP, and the tokens deposited in Odin.Fun are protected by a special multi-party computation (MPC). This means that there is a group of decentralized entities, each with a unique share of private keys, and they can receive and send assets together at any time.

關於BTC沉積物，Odin.Fun表示，它使用類似於ICP的閾值簽名（TSS）機制，並且沉積在Odin.Fun中的代幣受到特殊多方計算（MPC）的保護。這意味著有一組分散的實體，每個實體都有獨特的私鑰份額，並且可以隨時接收和發送資產。

Previously, community player @Real0xJason said that the BTC held by users on Odin.Fun is essentially ckBTC existing on the ICP public chain, and its ultimate security guarantee comes from the ICP public chain. There is no need for a cross-chain bridge between ICP and the Bitcoin mainnet. ICP's chain fusion encryption technology allows its smart contracts to interact directly with other networks, so it is more secure than the wrapped BTC generated by the general Bitcoin L2 through a cross-chain bridge.

此前，社區播放器 @real0xjason表示，用戶在odin.fun上持有的BTC本質上是ICP公共連鎖店中存在的CKBTC，其最終安全保證來自ICP公共鏈。 ICP和比特幣主網之間不需要跨鏈橋。 ICP的鏈條融合加密技術允許其智能合約直接與其他網絡進行交互，因此它比一般比特幣L2通過跨鏈橋產生的包裹的BTC更安全。

But these are all speculations made by the community based on limited information. BOB has not yet made a comprehensive response to the security of user deposits. However, it has stated that if L2 is redefined as anything that builds a seamless Bitcoin product, then Odin is an application chain or L2.

但是這些都是社區基於有限的信息做出的猜測。鮑勃尚未對用戶存款的安全性做出全面的回應。但是，它已經指出，如果將L2重新定義為構建無縫比特幣產品的任何東西，那麼Odin是應用程序鍊或L2。

Specific gameplay

特定的遊戲玩法

Even though the debate about the security of Odin.Fun has not stopped, it is always worthwhile to actively participate in and experience new

即使關於odin的安全性的辯論尚未停止，但始終值得積極參與並體驗新