BITCOIN-NATIVE LAYER 0

Beneath the surface of Bitcoin. Bitcoin-native DeFi: swaps, AMM liquidity, and vaults on the most trusted chain on earth.

01 / RESERVES −40 M

Transparent under the surface.

Native BTC, stablecoin and alt markets on Bitcoin Layer-1.

111.689 BTC$8,470,012$8,470,012111.689 BTC
133,337 USD$133,337$133,337133,337 USDT & USDC
LIFETIME BTC VOLUME636.460 BTC$48,266,543$48,266,543636.460 BTC
LIFETIME STABLES VOLUME2,771,488 USD$2,771,488$2,771,4882,771,488 USDT & USDC

02 / MARKETS −120 M

First, you descend.

BTC enters the programmable environment without leaving the blockchain or requiring manual wrapping first. Every sat remains visible.

Open Markets
BTCBTC
USDTUSDT
USDCUSDC
frBTCfrBTC
frUSDfrUSD

NO MANUAL WRAPPING REQUIRED.

03 / SWAP −300 M

Cut through the ice.

Route through AMM pools with multi-hop capabilities built for Bitcoin-native assets. Native BTC to DIESEL, FIRE, or USDT in one signature: direct, auditable, on chain.

Open Swap

FROM

BTCBTCNative Bitcoin

TO

DIESELDIESELAlkanes Token

MULTI-HOP ROUTING FOR LOWEST SPREADS

04 / VAULTS −800 M

Where pressure becomes yield.

Deploy LP into the FIRE and PERMAFROST vaults. Fees and emissions accrue while your positions stay on Bitcoin.

FIRE tokenFIRELock LP to earn the Alkanes governance token. Swap fees and emissions, compounding in the heat.DIESELfrBTCDIESEL / frBTC LPcBTCUSD tokenPERMAFROSTBTC/USD strategy requiring steady patience with high upside. When positions exit before you, they leave behind a portion of their LP as your reward.frUSDfrBTCfrUSD / frBTC LP
Open Vaults

05 / PROOF −1500 M

Nothing down here hides.

Every mint, swap, and vault position settles on chain. Watch it happen, block by block, on the SUBFROST explorer.

explorer.subfrost.io
—…
—…
—…
—…

ALKANES TX EVERY BLOCK

06 / CREW −2400 M

Built by an irreplaceable team.

The roster pairs a proven deployment history in protocol engineering with deep expertise in business and product strategy.

GabeGabeFOUNDER / CEOFlexFlexFOUNDER / CTOBrooksBrooksAPAC MARKETINGSeanSeanCHIEF COMPLIANCE OFFICERCasuwuCasuwuENGINEERTangataTangataENGINEERShangShangENGINEERVitorVitorENGINEER

Flex

Flex

FOUNDER / CTO

Crypto engineer since 2016. Creator of Alkanes. Prev. CTO of Polymarket and IDEX

07 / DISPATCHES −3200 M

Dispatches from below.

Permafrost Preseason Starts TodaySUBFROST · 5 MINAudits Published by HalbornSUBFROST · 3 MINThe SUBFROST AMM Is LiveSUBFROST · 6 MIN
All articles

08 / KEY FACTS −4000 M

Explore the true possibilities of Bitcoin today.

Built for the future.

Launch App

Key Facts

Company name
SUBFROST (Subzero Research Inc.)
Type
Bitcoin-native DeFi infrastructure (Layer 0)
Founders
Gabe Lee (CEO), Flex (CTO)
Headquarters
Delaware, USA
Core offering
AMM swaps with Bitcoin, DeFi vaults, Bitcoin lending, stablecoin on Bitcoin L1
Supported assets & protocols
BTC, frBTC, frUSD, USDT, USDC, DIESEL, FIRE, Alkanes, BRC2.0
Investors
Maelstrom, Magnus Capital, Li Hou Capital, Arthur Hayes (BitMEX), Allen Day (Google Web3), Loong Wang (Ren)
Developers
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© 2026 Subzero Research Inc.
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