Wu said that Udi Wertheimer, co-founder of Taproot Wizards, announced the launch of a new Bitcoin native token protocol, CATNIP, which will inject power into the token through the OP_CAT recursive contract. CATNIP allows the market to have partially traded orders, and users do not need to split their UTXO in advance, just buy the number of tokens they want. It allows users to bid, indicating their willingness to buy a certain amount of CATNIP at a certain BTC price, and these demands can be met by one or more sellers. In addition, CATNIP also allows AMMs and liquidity pools for L1 on the chain, as well as off-chain AMMs (for example, using CatVM). CATNIP is still under development and will be ready when OP_CAT goes online on the Bitcoin mainnet.
