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About OP NET
OP NET is a smart contract meta-protocol on Bitcoin layer one, not a layer two, sidechain or bridge. It writes contract bytecode into Bitcoin transactions through Taproot script paths and executes deterministically in a WebAssembly virtual machine; every interaction is a native Bitcoin transaction paying fees in bitcoin with no wrapped assets, supported by a token standard plus swap and staking contracts. The pain point is that Bitcoin holders entering decentralised finance usually need wrapping, bridging or custody, each layer adding counterparty risk.
Mainnet activated on 19 March 2026 together with the token standard, swaps and staking farms. On 1 July researchers disclosed a critical flaw in an approval function of the token standard that could set allowances to maximum and move entire balances without the victim signing or interacting, affecting every token and liquidity receipt on mainnet, and the team patched it silently that day.
OP NET launched its Bitcoin-native smart-contract mainnet in March 2026 (March 17/19), bringing Turing-complete smart-contract capability to the Bitcoin L1 without a new token and using BTC for gas. It simultaneously shipped the OP-20 token standard, the MotoSwap DEX and a staking module, building the foundational DeFi components on Bitcoin. The project also closed a $5M raise to support ecosystem growth.
OP NET's Future strategy and roadmap: Looking ahead, the team will expand OP-20 assets and MotoSwap liquidity, bring more Bitcoin-native DeFi protocols and bridges, and keep refining BTC-denominated contract execution and staking economics, shaping the Bitcoin mainnet into a programmable settlement and computation layer.
Frederic Fosco — Co-founder & CEO; entered Bitcoin at 13; previously co-built the Bitcoin DEX MotoSwap.
Samuel Patt — Co-founder & CBO; long background in crypto trading and investing.
Justin Lim — COO; oversees operations and team management.