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Saturn Terminal Launches Bitcoin Memecoins Using TAT Protocol

According to the post, token launches are written to Bitcoin through OP_RETURN (data field in Bitcoin transactions), while swaps run on a custodial CPAMM (constant product automated market maker) layer.

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Summary

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Terms & Concepts
  • OP_RETURN: A Bitcoin transaction field that allows small amounts of data to be embedded on-chain.
  • CPAMM: Constant product automated market maker, a trading model that prices assets algorithmically based on token reserves.
  • Merkle anchoring: A method of committing balance or transaction data to a blockchain using Merkle trees for later verification.