Odin Fun outlines steady progress on infrastructure, staking and Bitcoin perps

Odin Fun founder Bob Bodily has shared a year-end update outlining steady development across the platform, following a short period away due to family illness. The message strikes a familiar tone for long-time followers, focused less on hype and more on incremental work behind the scenes.

According to Bodily, development continued through the holiday period, with infrastructure upgrades nearing readiness. These include work on web sockets and API performance, changes that are unlikely to be visible to most users but are intended to improve reliability and speed. The team expects these updates to roll out over the coming weeks.

Progress is also being reported on staking. The staking and liquidity lock smart contract is close to completion, with automated and unit tests already in place. The next phase involves testing on a development environment, followed by a security audit before any mainnet release. Bodily noted that this process will take time, signalling that launch is still weeks away rather than imminent.

On the community side, Odin Fun has completed an audit covering a new set of smart contract changes. These updates include community fees, where a portion of user fees can be directed to chosen communities, and a liquidity fee on external tokens aimed at supporting lower-liquidity assets, including older runes. The changes also bundle a range of smaller fixes that have been pending for some time.

One of the more ambitious updates involves work on a Bitcoin-backed perpetuals product. An engineer has been developing the system behind the scenes, with the goal of allowing users to take long or short positions on Bitcoin using Bitcoin itself as collateral. The product is intended to integrate directly into Odin Fun and include support for private positions, often referred to as dark pools, to reduce the risk of targeted liquidations. While Bodily described the progress as substantial, no launch timeline has been shared.

The broader vision for Odin Fun remains unchanged. Bodily reiterated the aim of building a Bitcoin-focused super app that brings together decentralised finance, communities, yield, staking and related services in one place. As with many Bitcoin-native projects, the challenge will be execution, particularly as competition grows and scrutiny around security and usability continues to increase.

For now, the update suggests a team prioritising infrastructure, audits and gradual rollout over quick releases. Whether that approach pays off will depend on how well these features perform once they reach users, and how effectively Odin Fun can translate technical progress into everyday utility.


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