FAQ

Frequently Asked Questions

When does Spindle launch?

Spindle Finance is a strategic partner of Botanix Labs. Our dapp will be available from day one upon the launch of the Botanix mainnet.

The Botanix mainnet launch date has not been formally announced, but is expected for Q3-Q4 2024.

What is Botanix?

Botanix is a Bitcoin Layer 2 network, powered by a novel approach to creating a secure, decentralized layer 2 bridging mechanism. The properties of this mechanism lends the network its other moniker, the Spiderchain.

Botanix documentation, including how to bridge from Bitcoin to Botanix, can be found at https://docs.botanixlabs.xyz/botanix-labs. Technical details explaining the Spiderchain and the bridging mechanism from Bitcoin can be found in their whitepaper.

Does Spindle have a token?

Spindle Finance will not have a token immediately upon launch. Our token will be launched after our points program concludes, tentatively 3-6 months after the protocol's mainnet launch.

How does your points program work?

A points program rewards users with points, an offchain representation of a user's participation in the protocol. Spindle Finance's points program will reward users first and foremost for using our protocol, as well as social participation and on-chain interaction with our protocol and our partner protocols.

Our points program is live. Users can begin earning points for social tasks now. Visit our Galxe page to learn more.

How can I learn more?

Follow us on twitter @spindlefinance, and join our Discord to ask questions and stay tuned for the latest information.