jakiro
Author: blockpunk Source: X,@Blockpunk2077
one,BTC asset launch narrative has come to an end
The BTC asset launch narrative has come to an end. Memecoin can always play, but it is not the final form of the BTC ecosystem. The narrative of BTC assets will soon become the mainstream.
Represented by Babylon, providing economically security security for other POS chains by pledged BTC, and obtaining revenue through pledge.Play BTC interest.
BTC Staking is promoted by two important promoting narratives. First of all, just like ETH’s DEFI, the first is to increase the yield of overall assets.
According to DEFILLAMA data, the current market size of BTC has exceeded US $ 10 billion, and the yield is between 0.01%and 1.25%. Generally, it is necessary to entrust a third -party CEFI agency.The pledge rewards of POS blockchain are often ranging between 5%-20%. The income of pledge BTC for other POS chains will not be too low.It is a huge growth point.
The second point is really a hot background of BTC L2, filling the lack of narratives between L2 and BTC.Nearly 80 BTC L2 has appeared on the current market, and if the BTC main network block is completely filled with DA, at most, it can carry 20 L2. Many L2 has retreated and the btc data frequency has been changed to turn the frequency of BTC data into the frequencyOnce a few months.How to persuade the community to be related to the BTC ecosystem by these use of asset -based custody bridges, security is not guaranteed by BTC, and the BTC L2 established by EVM? There is a huge narrative gap here.
Obviously, it can be used as the verification of BABYLON or BounceBit to bring huge legitimacy to BTCL2S. At the same time, it can be eaten by POS to eat the overflow of STAKING BTC as soon as possible.
Of course, Eigenlayer’s market situation faces different market conditions in ETH’s RESTAKING project. Most of the BTC holders are passive holders, and 67%of BTC holders have not moved for more than a year, so I want to convince BTC holdersParticipating in pledge has a certain difficulty.
At the same time, BTC Staking is not like Eth Staking with the interest of the native currency, and the interest is often L2’s own tokens, and there is a certain risk.Of course, some of the L2 using BTC as GAS Fee also tried to divide the BTC received by the handling fee to the STAKING users, but it was obviously enough to support it.
If it is not good, the meaning of BTCL2 is to attract (suddenly) to lead (You) BTC deposits. BTC Staking is a more efficient way.
In addition to Staking, thinking about BTC’s performance at the same time, building L3 based on the existing mature L2 STAKE is not a pseudo -demand, but a must.Projects that can make L2 into DA nested, or CBK’s UTXO Stack framework projects can gain greater advantages in technology selection.
two,@babylon_chain
BABYLON provides POS security guarantees for other blockchain through the native pledge of the BTC layer by cryptography.
Babylon’s pledge is the collapse of the chain. The pledged Bitcoin is retained in the script on the Bitcoin network. The pledgers can specify the selected verification person to earn the revenue of the verification person on the corresponding POS chain.
At the level of technical implementation, the Babylon pledge process is completely “extracted from one -time signature EOTS”.BABYLON also designed a complete BTC STAKING containing a penalty. If the pledgers (also the authenticator of this POS chain) remain honest, only signature one effective block each time, then it will get the authentication of the POS chain; if it will be rewarded by the POS chain;It tried to do evil, signed two blocks at the same level at the same block, then its EOTS private key will be pushed out. Anyone can use this private key to go to the BTC BTC on the BTC chain.Essence
At present Babylon is pledged by testing network, will start the next SBTC test in May, and will start the pre -deposit in the second half of the year. The tokens may be issued at the end of the year.Babylon revealed in Space that the liquidity assets (STETH) pledged BTC (similar to STETH) will also be issued. The follow -up RestAking and LRT and LST projects currently have @Chakrachain @Lorenzoprotocol @satabtc.
three,@Chakrachain
Chakra is the BTC’s Staking & Amp; RESTAKING protocol. The BTC deposited by the user will invest in the BTC Staking protocol in BABYLON to get multiple returns.At the same time, Chakra provides verification services maintained by Staker, providing security guarantee for BTC L2.
Chakra aggregated the signatures of some users through the Musig2 protocol to generate a UTXO containing a time lock. It can “pledge” Bitcoin within a certain period of time and complete the pledge action.Bitcoin holders do not need to transfer BTC to any third -party hosting address, but instead realize the “1 -layer self -host.
There are only two unlocking conditions for the pledged BTC UTXO: one is the chakra network after signing with the user after signing it. This may be the user on the chakra network.In the initial setting period, users will automatically obtain these BTC control. Even after the CHAKRA network is stopped, the user can still extract BTC on time.
Unlike BABYLON, which also uses the self -host BTC pledge, the Chakra network has no ability to punish the BTC without user pledge, but to ensure consensus by cutting consensus rewards. This also further avoids some possible error penalties that have not threatened the user’s BTC assets.
Chakra also introduced ZK’s ability to introduce the BTC Staking ecology and obtained the investment of Starkware, ABCDE, Bixin, and Coin Summer.The test network is currently being conducted, you can go to Chakrachain.io/devnet to connect the wallet to receive the early participants.
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Four,@build_ON_BOB
BOB is a BTC EVM -side chain architecture implemented using the OP super chain SDK. The packaging BTC on ETH such as WBTC and TBTC is used as GAS costs. In the future, it will also introduce the security of BTC through a new POW mining protocol.
At present, the BOB test network has been running for several months, and has already possessed a certain ecology. The main network will be launched on May 1st. At present, the first phase of deposit activities are currently underway. The SPICE points accumulated by deposits will correspondThe currency will go directly to TGE after the main network is started.
The pre -pledge of the BOB needs to be operated on ETH’s main network. If it is BTC, the cross -chain needs to be $ TBTC, $ WBTC, and the income rate is 1.5 times.The reward multiple is 1.3 times, and the Alex, ETH, and ESOV pledge of Alex, ETH, and ESOV are received.
BOB has strong resources. It has launched BTCL2 with the largest listed mine company in the United States, and has just announced that Coinbase’s 10 million US dollars will invest, which can be deemed to be the project of the Bidan and BounceBit.TVI is currently around $ 250 million and has great potential.
Deposit Link: Fusion.gobob.xyz/? Refcode = CDMZZ5
five,@Botanixlabs
BOTANIXLABS has an EVM equivalent L2 on Bitcoin. The L2 is run by POS. Users can deposit BTCs into multiple signature addresses to participate in L2’s Staking, or bridge to BTC to L2 to participate in the ecology.It is characterized by these BTC assets protected by a decentralized multi -signed network SpiderChain.
You can participate in POS and multi -sign -in network SpiderChain through pledge BTC nodes. Botanix uses the bitcoin block hash value as a source. Randomly select nodes to participate in the POS outlet.Complete the final confirmation.
The settlement layer of Botanixl2 is BTC, and its GAS is also a BTC that collapses. Its consensus also uses the security of BTC as a guarantee.
L2’s assets on BTC are all protected by multi -signed network SpiderChain. The nodes also form a multi -signal group with each other to control the BTC in the multi -signal address.The cost of evil for nodes is high because the BTC pledged can be punished.
At present, Botanix’s test network has been running for half a year. BotanixLabs.xyz/EN/Testnet can participate in testing and obtaining a series of NFT vouchers.BotanixLabs has built L2 on BTC since 2022. It has certain technical strength, and its test network is a good opportunity to participate.
six,@bouind_bit
Boundcebit is a BTC -based life -based and RestAking infrastructure.Boundcebit tries to integrate CEFI and DEFI business in BTC and use BTC pledge to guarantee the security of the blockchain.
Bounterbit is also a BTC EVML2. In addition to pledged its native currency BB, L2’s POS Staking can also pledge BTC assets.
At the same time, BTC assets (including BTCB and WBTCs on the main network BTC and BNBCHAIN) absorbed by BoundceBit are custody in the centralized custody service supported by Mainnet Digital and CEFFU. This is the only institutional custody service for Binance.Layers endorsement to eliminate BTC users’ concerns about security.
The BTC assets deposited by the user have become Boundcebtc on the BoundceBit. Users can choose to pledge these BTCs to other verifications networks, such as EVM chain, decentralized bridge, and prediction machines to earn verification income from these networks.
BoundceBit has brought triple benefits to users through a series of businesses. The main network BTC asset is custody into the CEFI set of CEFI sets of stable returns. Users can also earn BB tokens on the BOUNCEBIT chain, or RESTAKING give other verifications to other verificationsThe Internet earns rewards, or is used for AMM, borrowing and other DEFI business.BoundceBit is supported by Binance and will provide 8%of the token to Binance Megadrop BNB pledker.
seven,@Mezonetwork
MEZO is a BTCL2 based on TBTC. With the architecture of COSMOSEVM, the asset transfer of BTC to MZEO L2 is achieved through TBTC’s multi -cross -chain bridge.
The characteristic of Mezo is the introduction of Pian’s Economics called HODLPROF, which is similar to the VE33 that is similar to BTCSTAKING.Users can lock the BTC to participate in the consensus in Mezo. The longer the lock time, the increase in the pledge verification weight of the pledged verification, and the higher the reward.
Mezo’s POS is divided into two parts. BTC and native token Mezo can be rewarded as VEMEZO as a reward. The incentives are divided into different incentive pools. The total incentives are obtained by BTC pledges.get.
On April 9, the Bitcoin 2nd -layer network MEZO completed US $ 21 million in Series A financing, led by Pantera Capital, and participated in Multicoin, Hackvc, Draperassociates, etc.
At present, MEZO has started early deposit activities. Now it can access native BTC, WBTC and TBTC. It is expected that the MEZO main network will be launched in the second half of 2024.
eight,@Lorenzoprotocol
Based on the Bitcoin’s liquidity pledge protocol based on BABYLON, L2-As-A-Service provides rapid deployment services.Lorenzo attempts to reduce the participation threshold of BTC Staking projects such as Babylon, reduce the pledgee’s penalties without risk, and release the liquidity of pledged BTC assets.
BABYLON is a relatively low -level BTC pledge protocol. This is similar to ETH’s native pledge and may have certain requirements for the minimum pledge BTC.
At the same time, for a single user, the pledge income is not stable, but the risk of being punished.Therefore, it is necessary to reward the BTC pledge pool, and use a risk income as a whole to participate in the liquidity pledge protocol of BTC Staking. This is what the Lorenzo protocol is to do, which is similar to lido.
The pledgers can want to participate in the pledged POS chain and deposit their Bitcoin into the corresponding Lorenzo entrusted vyte. This is a Bitcoin multi -signal address.
The pledgers can get the equal amount of STBTC on the Lorenzo’s own chain as a proof of liquidity to participate in Babylon pledged Bitcoin and receive the pledge income.
The Lorenzo chain itself is shared by Babylon Bitcoin. The EVM is compatible with Bitcoin L2. In the future, it will also use a modular method to help more BTCL2 deployment. The Lorenzo chain is used as the direct operation chain of these L2 chains.
