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Author: Eureka Partners
Bitcoin layer2 outlook
Bitcoin was originally conceived to be applied to the electronic payment system. Therefore, in order to security and stability, the design of non -Turing’s complete script language limits the ability of Bitcoin to execute complex calculations.And exist.With Ethereum, solana and other public chains, ecological ecology explosions. In order to revitalize the trillion US dollars assets that are sleeping in the Bitcoin ecosystem, developers alsoI have been exploring the capacity expansion scheme in the Bitcoin ecosystem, but the technical limitations of the side chain, lightning network and other solutions still exist, So it has been tepid.
In 2023, the inscriptions spawned by Ordinals expanded the new asset form of Bitcoin ecology, and further triggered the market’s thinking and exploration of Bitcoin’s expansion and programming.A series of new Layer2 solutions, such as Merlin and B² Network, have also emerged. With the help of programming to create a series of DEFI applications such as SWAP, borrowing, liquidity mining to expand new application scenarios in the Bitcoin ecosystem.
目前市场上大部分 Layer2 都是通过将流动性桥接到以太坊生态，通过与以太坊生态耦合来参与 DeFi 等链上场景EssenceHowever, the essence of many Layer2’s withdrawal bridges is to sign more bridges. The bridge scheme of public assets through multiple signatures often has the risk of trust.Can’t allow users to withdraw assets at any time in a form of trustEssenceFor many BTC Holder, they have no motivation and don’t worry about putting the BTC asset bridge to the Ethereum ecology to obtain unknown benefits. After all, the security of funds is the cornerstone of all income.therefore,理想中的比特币二层应当继承比特币的安全特性，而且能够构建一个可扩展且支持编程的链上金融基础设施Essence
Bitlayer 作为 Layer2 里的核心支撑期望高
Bitlayer, as the leader of BTC Layer2, uses layered virtual machine technology, combines zero -knowledge proof (ZKP) and optimistic verification (OP) mechanism to support extensive computing tasks.In addition, BitLayer has built a dual-channel two-way lock-in asset bridge through its innovative OP-DLC and Bitvm bridge technology, inheriting the security of Bitcoin’s first layer.
Bitlayer 的主要技术创新在于采用最新的 BitVM 计算范式和 OP-DLC 桥Essence
Compared with other Bitcoin second -level solutions, Bitlayer aims to solve the second level facingThree core issuesAnd proposed the corresponding solution:
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Trustless 2-Wang PEG without trust—— By combined with the OP-DLC and Bitvm bridge, a new model that transcends the traditional multi-signature model, it realizes the two-way flow between the assets in the Bitcoin main chain and Bitlayer.
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Layer 1 Verification (Layer 1 Verification)——In inheritance of Bitcoin through BITVM.
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Turing-compliteness——Chishes a variety of virtual machines, and achieve a compatible environment of 100% virtual machine (EVM).
Token airdrop (Ready Player One)
In addition to underlying technology, the prosperity of ecology on the chain is also vital to the development of a chain.In order to encourage DEX, Wallet, NFT Marketplace, Lending, LSD, Bridge, Stablecoin and other types of projects to be constructed on Bitlayer, Bitlayer officially announced the series of ecological incentives on March 29. The first event Ready Player One will toward ecological builders and projects and projects.Fang issued a $ 50 million public chain token award.According to official data, as of now, the Ready Player One has attracted more than 800 projects to register. Before the voting on May 10, users can actively participate in the voting and earn the “number one player” event points.At the same time, the registered project team can accumulate popular points, which will help occupy a favorable position in the Bitlayer’s official ranking rankings to win more developer airdrop rewards and Grants.
List of Bitlayer Ecological Native Project
Native definition: Facing only to Bitlayer, cross -chain and multi -chain projects are not included; the top 30 in the list
Pumpad
Pumpad is the Launchpad project of Bitlayer’s native LaunchpadAccording to the official, Pumpad is a one -stop Launchpad of the BTC ecosystem to issue VGA assets according to the iPOS standard.After the assets are issued, Pumpad can help the publisher automatically add the liquidity of DEX and deploy automatic municipal business agreements.It can be said that Pumpad is a distribution platform for the project party to provide a full cycle service, not just to provide IDO services.
In terms of positioning, Pumpad proposed two concepts:
Ipos:Initial Pump Offering Standard refers to a set of IDO full -cycle service packages, including IDO mechanisms and market value management. In order to give the project party, the project party operates transactions before and after issuing coins at the minimum operation and maintenance cost.
VGA:Value-GROWING Asset Building refers to the assets issued on Pumpad will follow the iPOS to ensure that the project party cannot run, withdraw the capital, and earn certain commission income through this model.
There are currently no specific details for the current two concepts.In addition, the Pump Point proposed by Pumpad is used to motivate loyalty and active users. In the future, it may be used for the airdrop or priority launch of Pumpad’s own platform tokens.
Specifically, Pumpad has two main business:
Launchpad:Pumpad’s LaunchPad will support various distribution methods, including excess subscription draws, weighted distribution, and first -to -first, first and first, etc. IDO methods.
Airdrop:Pumpad’s AirDROP module is a platform for users to receive airdrop incentives, and the project party can customize airdrop activities to motivate different types of users.
As of May 10th, the ranking on Bitlayer Dapp Leaderboard was 19, and ranked first in the track. Other Launchpads have not seen Bitlayer’s attention and transfer, which means that Pumpad’s “orthodoxity” is relatively strong.At present, the first cooperation project of the platform is $ CBD, which is also the MEME mentioned below.
Official push: https://twitter.com/pumpad_io
Macaron
Macaron is the first native DEX on BitlayerEssenceMacaron provides users with a series of tools, including liquidity Farming, pledge incentives, Trade-Toarn, airdrops, etc. to thicken user returns.
With Bitlayer’s technology and ecological support, the Macaron team has been committed to creating excellent products, making Macaron DEX safer, cheaper, and faster.As the native DEX of Bitlayer, Macaron will be a trading platform for Bitlayer’s ecological assets and mainstream BTC assets, and has the following advantages:
The industry’s leading security:Use technologies such as multiple signing agreements to ensure the safety of funds, and Macaron can provide users with all -weather protection.
Advanced AMM algorithm:Macaron’s original AMM algorithm ensure that asset transactions are efficiently carried out at a speed -like speed. While providing high liquidity, it will minimize the slide points and optimize yields.
Lobricity provider reward:When users provide liquidity, Macaron will provide rewards for it.The reward will be calculated and distributed based on the charge.Macaron rewards can help teams continue to improve the liquidity provider of the trading experience.
Transaction income:Macaron’s Trade-TO-EARN award plan introduced revolutionary trading incentives.A certain percentage of tokens in Macaron will be assigned to users in a reward.
Low GAS fee:Thanks to Bitlayer’s excellent underlying function, Macaron, as a native DEX, can achieve low -handling fees, lightning -like rapid confirmation and seamless transactions.
Seamless user experience:Macaron DEX’s advanced AMM algorithm and excellent features ensure that users can enjoy user experience such as seamless transactions and liquidity pledges like the real top CEX.
Macaron provides users with a package of incentives, mainly including integration systems, Macaron NFT, and Macaron -based native Defi income, that is, transaction income, LP incentives, pledge rewards, and so on.The integration system is mainly composed of two parts: social points and DEFI points. The method of acquisition of the two points and the proportion of future converts into the main network is different.Macaron NFT is a PFP NFT launched by the platform. Its equity includes a series of empowerment rights and interests such as future airdrops and governance rights.Defi native income includes stable assets such as transactions, pledge, and liquidity in Macaron.Specifically, you can master more Macaron activity information through the official social media of Macaron.
As of May 10th, Bitlayer Dapp Leaderboard ranks second, second only to the stable currency Bitsmiley.There are already 49.2K followers on Twitter, which is high.
Official push: https://twitter.com/macarondex
Cat Driving Bitcoin ($ CBD)
Cat Driving Bitcoin ($ CBD) is the native MEME token on the Bitlayer chainThe project vision is mainly cats + driving elements, and also fit the overall element of Bitlayer.According to officials, $ CBD aims to subvert the MEME economy by building a MEME CBD -a prosperous, modern, and high -rise Bitcoin world.$ CBD is committed to becoming the largest community assets on Bitlayer, and promoting Bitcoin to become the best human assets on the planet.It has now been pushed by Bitlayer and Marcaron officials.
As of May 10th, the ranking on Bitlayer Dapp Leaderboard is 3, which is the first place in the MEME track.Based on the data of the previous $ BONE, the MEME track ranked 9th, and the $ BONE officials pushed Bitsmiley and Bitlayer’s attention. It has accumulated a total of 12.2K fans, which has increased by 10 times within 24 hours after the listing.In contrast, the potential of $ CBD cannot be underestimated.
In the token model, most of the $ Bone airdrops are given to Bitsmiley test network users. $ CBD is more inclined to Putian Tongnien Celebration Model: 70% for airdrops, 20% for liquidity, 10% of the Treasury.
According to the current information, $ CBD will be short -throw to 4 users:
Bitlayer helmet NFT holder, and completed some cross -chain interaction
Holding BTC -related assets and recently executed BTC transactions
Participate in the community ecology, such as voting, co -construction, etc.
Holding other bitlayer ecological assets
It is worth noting that the $ CBD airdrop channel is not a airdropping by the project party itself, but on Pumpad.In addition, according to the above rules, the Bitlayer helmet NFT holders are the clearest rules at present.Other airdrop rules can continue to pay attention to the update of official social media.
Official push: https://twitter.com/catdrivebitcoin
Trustin Finance
Trustin Finance is a native unrequited loan agreement on Bitlayer, Driven by the Layer2 solution based on Bitvm -based Bitcoin.
Trustin Finance uses the following design:
Floating interest rate:In Trustin Finance, the interest rates of lenders and borrowers are determined based on the use of funds in the market.This guarantees the most ideal interest rates of participants to obtain the most ideal interest rates, and also guarantees the security of funds in the mobile fund pool.
Risk isolation:In order to simplify agreements and improve security, Trustin Finance isolates the asset pool according to different basic assets to prevent a large number of breach of contracts from being overwhelmed and reducing potential uncontrollable consequences.
Reserve:Reserve is another important security measure introduced by Trustin Finance to solve the problem of potential debt loss in the agreement.Trustin Finance distributes some borrowing interest based on the reserve coefficient as a reserve to further ensure the safety of assets in the agreement.
Early investor incentive mechanism:The goal of Trustin Finance is to grow together with each participant and work to motivate all contributors.The specific incentive mechanism needs to be further notified by the official.
Trustin Finance is expected to announce the points incentives in the near future, and users can get points by depositing or contacting assets.Points will be used as an important reference basis for Trustin Finance to govern tokens. Airdrops and distribute them to users with points on the left and right according to a certain proportion.Specifically, you can master more information through the official social media of Trustin Finance.
As of May 10, Trustin FINANCE ranked 6th on Bitlayer Dapp Leaderboard, and the votes were close to Nekoswap.There are 38.1K followers on Twitter.
Official push: https://twitter.com/trustin_finance
Nekoswap
Nekoswap is the first native decentralized rune and token cross -chain exchange on Bitlayer.
Nekorunes will become the first rune asset tokens on Neko Swap.Nekosats promises Fair Launch. Except for the project party holding a 2% $ RNEKO, all other token will be airdropped and adding the liquidity pool.Secondly, Neko will try to solve the circulation of Layer 1 and Layer 2 rune assets in a mapping method. If the technical time cost is high, it will also use other methods to realize the realization of equity.In terms of token holders’ rights, Nekoswap made a series of commitments including NEKOSATS holders who will permanently share Nekoswap transaction fees.
Nekoswap ’s work is in close progress, and there is no official website or official website documentation.Nekoswap is committed to becoming a community -driven, fair, transparent and decentralized exchange, including SWAP, Liquidity Pond, FARM, Launchpad, Rune transaction and other functions.In the future, the project party will refer to the community opinions on the access, deployment and development of the public chain, and determine the development direction by voting, AMA and other methods.You can master more information through the official social media of NEKOSWAP.
As of May 10, Nekoswap ranked 4th on Bitlayer Dapp Leaderboard, with 23K followers on Twitter.
Official push: https://twitter.com/nekoswap
Bitmagic
Bitmagic is a native NFT Marketplace on Bitlayer.Dedicated to promote the innovation of the Bitcoin NFT ecosystem, as a native NFT platform project that participates in the Bitlayer public chain ecosystem in the early days, it aims to solve the challenges facing the circulation of NFT in the Bitcoin network, such as reducing transaction costs and improving asset liquidity.Through a comprehensive platform, combined with the NFT distribution and trading market, Bitmagic has optimized the full life cycle management of NFT, significantly improved the user experience and ecological value creation.
The next Bitmagic will introduce the NFT cross -chain bridge and the integration system, which can not only promote the circulation from the first floor to the second floor, but also stimulate the user’s transaction enthusiasm by the incentive mechanism.In addition, Bitmagic provides rewards for cross -chain behavior of high -quality projects and native assets to ensure that more assets are fully utilized on the second floor and accelerate the development of Bitcoin’s second -layer NFT ecology.
Bitmagic is closely integrated with Bitlayer Bitvm technology, focusing on process optimization, reducing costs and innovation trading incentive solutions, bringing users an unprecedented Bitcoin NFT trading experience, and laid the foundation for the explosive growth of the BTC NFT ecosystem on the two -layer chain.
Bitmagic is expected to launch its OG NFT in the near future. The holder can enjoy special rights and interests such as future airdrops and priority rights of Launchpad projects, and plans to issue tokens in the future.This series of multiple rewards inspire active traders and NFT holders on the platform.Specifically, you can master more information through the official social media of Bitmagic.
As of May 10, Bitmagic ranked 106th on Bitlayer Dapp Leaderboard, with 21.4K followers on Twitter.
Official push: https://twitter.com/bitmagic_nft
Ecological project puzzle
Bitlayer opened an ecological incentive plan on March 29, announcing that it would spend $ 5,000 to inspire early builders and contributors.As of the interruption of the article (May 10), more than 280 projects were deployed on Bitlayer.
It can be seen that Bitlayer’s ecology is rapidly expanding, and more and more projects are constantly pouring into Bitlayer.This makes Bitlayer have great advantages in the current intense BTC Layer2 competition.
Where is the second layer of Bitcoin
In the current intense Bitcoin Layer2 track competition, weSummarize three core schemes: rollup system (attaches importance to Layer1 verification), side chain system (value of the maturity of the plan), client verification (attaches importance to Layer1 native DA)EssenceThere is no doubt that the market still has no victor, but we thinkThe biggest value of Bitcoin is the security of Layer1EssenceTherefore, whether Layer2 can inherit security is critical.Although client verification can largely ensure that all ledger records are recorded in Layer1, the user’s trust cost of the client is endogenous, so it is inevitable.The Rollup system can ensure that the user’s trust cost is controlled through multiple modular solutions as much as possible to ensure that Layer1 is verified.thereforeStarting from this value system, we think that the Rollup department will eventually win the restEssence
And the Rollup is considered comprehensive by Bitlayer. Bitlayer focuses on the verification of Bitcoin through the plan of Bitvm, and adds Fraud Proof to the original DLC bridge to ensure that the prophecy is favorable.Although the current cross -chain bridge plan still needs to have external trust in the prophet machine,In terms of security, it is almost equivalent to the original bridge that “rollup” should haveEssence
also,The prosperity of Bitlayer ecology is pushed to the peak at the expected tokens of Leadboard to its peakEssenceAt present, a large number of native projects have joined ecological construction, including DEX, unrequited loan agreement, and Meme.As of now, Bitlayer’s ecology has attracted more than 280 projects.
At the beginning of the bull market, Eureka ParNters is still optimistic and cautious.EssenceAlthough the current market is weak, we believe that when liquidity is sufficient, the market heat will still be reflected in the Bitcoin ecosystem, including Bitcoin -related assets and Layer2. By then, Bitlayer will definitely be an ecology that cannot be missed.
