Ordiswap is setting the stage for an innovative integration of decentralized finance (DeFi) with Bitcoin’s core capabilities. The journey to the mainnet marks a significant leap forward for the Bitcoin network as Ordiswap introduces a unique blend of features designed for Bitcoin’s ecosystem. This article explores the various elements of Ordiswap’s infrastructure and how it’s unlocking liquidity on Bitcoin’s native layer.
What is Ordiswap’s Mission?
Ordiswap’s mission is to unlock unparalleled liquidity on Bitcoin’s native layer. The platform is on track to become the leading AMM and DEX infrastructure on Bitcoin’s Layer One. With a focus on innovation, Ordiswap is poised to make significant strides in the Bitcoin x DeFi space.
What is Ordiswap’s AMM Mechanism?
Ordiswap’s Automated Market Maker (AMM) is the first of its kind, specifically tailored for Bitcoin’s layer one (L1). By leveraging the advanced scripting capabilities of the Taproot upgrade, Ordiswap has developed a Liquidity Provision and Operation Layer directly on Bitcoin’s L1, which brings about a fully decentralized layer two (L2) option as well. This mechanism employs groundbreaking off-chain balance states to reduce the on-chain footprint and enhance transaction efficiency. Users can enjoy unparalleled flexibility with rapid transactions that maintain accuracy and up-to-date balances.
How Does the Ordiswap Bridge Enhance Interoperability?
The Ordiswap Bridge is a two-way bridge creating a profound shift in cross-chain asset transfers. It allows for seamless fund transfers between Ethereum Virtual Machine (EVM) and Bitcoin layers. This bridge uses the concept of ‘wrapping’ to convert ERC-20 assets into BRC-20 tokens, enabling secure and flexible asset movement. The fees generated from these transactions are distributed among $ORDS token holders, promoting a self-sustaining DeFi ecosystem.
What is the Bitcoin Standard Dollar (BTSD)?
The Bitcoin Standard Dollar (BTSD) is Ordiswap’s native stablecoin. It stands out as a decentralized stablecoin that is overcollateralized, using both $BTC and $ORDI for additional stability and security. It is governed by Collateralized Debt Positions (CDPs) and rate adjustment mechanisms. The stablecoin ensures regular synchronization between off-chain systems and the Bitcoin blockchain for on-chain governance and stability.
What is OrdiLayer?
OrdiLayer is Ordiswap’s proprietary Bitcoin layer two (L2) solution. It is EVM compatible, with $ORDS serving as the token for gas and node delegation. OrdiLayer opens up a wealth of opportunities for token value accrual and represents an exciting new development that has not been extensively discussed before.
What is the Status of Ordiswap’s Platform?
Ordiswap’s platform is currently live on Bitcoin’s test
net, with plans for a mainnet release. The platform has undergone extensive testing on Bitcoin’s native layer to ensure the security and safety of its users’ assets.
What are $ORDS and $REOS?
$ORDS is Ordiswap’s core ERC-20 token that plays a crucial role in governance and platform fee accrual. $REOS is the interoperable BRC-20 counterpart to $ORDS, enabling users to engage in dual-network staking, earning rewards, and collecting swap fees.
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