OmniBTC
  • Introduction
    • πŸ‘‘What is OmniBTC?
    • πŸŒ›What makes OmniBTC unique?
      • What makes Omnichain Swap unique?
      • What makes BTC Omnichain Lending unique?
    • 🌈What problem will be solved?
    • πŸ’How will OmniBTC solve the problems?
    • ❓FAQ
  • Protocol Overview
    • πŸŽƒHow does OmniBTC work?
    • πŸ’°Network Fee
      • 🏁OmniSwap Fee
      • πŸ³οΈβ€βš§οΈBTC Omnichain Lending Fee
  • Tutorial
    • πŸ“šOmniSwap
    • πŸ”–BTC Omni- Lending
  • Tokenomics
    • πŸ’ΈTokenomics
Powered by GitBook
On this page
  • Omnichain Swap
  • BTC Omnichain Lending
  1. Introduction

How will OmniBTC solve the problems?

Omnichain Swap

  1. OmniBTC solves the problems of omnichain swap by using Layerzero protocol and Market Margin Contract(MMC). Layerzero realizes cross-chain composability, which can not only call the contracts on the source chain, but also call the contracts on the destination chain.By using Layerzero protocol,OmniBTC allows users to swap any assets on chain A for any assets on other chains (excluding chain A) in one transaction. The MCC is a supplement to the existing Layerzero scheme, which can realize the swapping of local assets on the same chain.

  2. We provide a novel resource calculation algorithm,which partitions users' cross-chain assets into slices after calculating slippage and service fee.Then,the slices will be respectively swapped in different DEXs on both of source chain and destination chain(just one click for users) to ensure that users can get the assets on destination chain with the best price and lowest slippage.

BTC Omnichain Lending

  1. ChainX,a Wasm+EVM smart contract platform, aims to be the biggest bitcoin layer2 network. ChainX provides compilability based on Bitcoin, and provides infrastructure for decentralized lending of Bitcoin. We will deploy a lending protocol on ChainX EVM to put all lending operations on-chain and realize truly decentralized lending. In addition, ChainX further improves the security and decentralization of Bitcoin on ChainX network by adopting Taproot technology, combining multsig2 protocol and Signal privacy communication protocol. Users can safely top up bitcoin to ChainX network, so as to carry out the subsequent bitcoin lending process.

  2. We are integrating LayerZero cross-chain interoperability protocol on ChainX network. Therefore,users can directly borrow any stablecoin (such as USDT/USDC/BUSD) on any chain (such as Ethereum /BSC/Avalanche) without additional cross-chain operations after lending BTC on ChainX network,thus completing the omnichain lending of bitcoins with one click.

PreviousWhat problem will be solved?NextFAQ

Last updated 2 years ago

πŸ’