BRC20 tokens are generating wealth for ppl who are early adopters $ORDI $SATS $MUBI
Came across @OrdiswapLabs, a cutting edge DEX that brings dynamic AMM infrastructure to BRC20 ecosystem, enabling Defi liquidity on Bitcoin.
A thread 👇
1️⃣ What is Ordiswap?
Ordiswap is a pioneering protocol, merges the worlds of Bitcoin and DeFi by introducing the first AMM on Bitcoin's native layer through off-chain balance state logic.
The protocol seamlessly integrates with Bitcoin's layer-1, eliminating the need for layer-2 solutions. providing trustless, secure, and transparent DeFi experience
2️⃣ Ordiswap’s Products
To enable #Defi liquidity on Bitcoin layer, Ordiswap brings 3 core products:
▪️ Ordiswap’s Unique AMM Mechanism
▪️ The Ordiswap Bridge
▪️ Bitcoin Standard Dollar — Ordiswap’s Native Stablecoin
[1] Unique AMM Mechanism
Ordiswap's AMM introduces off-chain balance states, reducing on-chain footprint and enhancing transaction efficiency.
Off-chain balance states significantly improve platform scalability, reduce gas fees, and enable near-instant trades.
[2] The Ordiswap Bridge
Ordiswap's upcoming bridge enables cross-chain interoperability between Ethereum and Bitcoin Layer 1 networks.
It leverages the concept of 'wrapping' to facilitate asset movement across these distinct blockchains and supports bidirectional capability for enhanced interoperability.
[3] Bitcoin Standard Dollar — Ordiswap’s Native Stablecoin
Ordiswap's Bitcoin Standard Dollar (BTSD) is overcollateralized, providing a more robust peg to its fiat counterpart by using a mix of Bitcoin and ORDI as collateral.
BTSD's technical mechanisms for maintaining its peg include overcollateralization, Collateralized Debt Positions, Virtual Ordiswap Vaults, and the Ordiswap Savings Rate.
3️⃣ Ordiswap's Features
[1] Native Layer AMM: Ordiswap is the first native AMM that enables liquidity on the Bitcoin layer. This allows for token swaps, including BRC20s, directly on the chain.
[2] Liquidity Pools: Ordiswap goes beyond being a basic trading platform by offering users the opportunity to actively participate in providing liquidity for Bitcoin-native assets. This helps to foster deep market liquidity.
[3] Staking
Introducing unique staking mechanisms for $ORDS holders, which encourage active participation and earning.
Users can stake $ORDS on Ethereum by linking it to BRC-20 wallets, unlocking holistic benefits and generating revenues.
[4] Offchain Logic
Ordiswap leads the way in pioneering a cutting-edge framework that seamlessly incorporates a customized API, advanced indexing, modularity, and Bitcoin nodes.
This intricate combination empowers an off-chain balance state AMM, fundamentally transforming the provision of liquidity for Bitcoin's layer 1 in an unprecedented manner.
4️⃣ How Ordiswap AMM works
With a focus on transforming the $BTC DeFi experience, Ordiswap is unveiling two effortlessly accessible pathways for our users.
▪️ Off-chain option with balance states
▪️ Fully decentralized option
More details, check here: twitter.com/OrdiswapLabs/status/1735454179269714225
5️⃣ The $ORDS token
$ORDS is the native token of Ordiswap on Ethereum mainnet
Total supply: 1,000,000 ORDS
🔹 Distribution
▪️ Liquidity: 20% - 100% released at TGE
▪️ Team, advisors: 10% - 10% released at TGE, 3m cliff, daily vesting
▪️ Community, ecosystem: 15% - 10% released at TGE, 1month cliff, daily vesting
▪️ Staking rewards: 15% - 10% at TGE, 1m cliff, daily vesting
▪️ Treasury: 10% - 10% released at TGE, 3m cliff, daily vesting
▪️ Seed sale: 5% - 6.25% monthly vesting
▪️ Private sale: 10% - 12.5% monthly vesting
▪️ Public sale: 15% - 100% released TGE
The $ORDS public sale successfully ended on December 15th via LBPs on @FjordFoundry.
Trading has not yet begun, but it’s worth keeping an eye on it as the BRC20 token continues to trend.
▪️ LBPs price: $34.5
▪️ Seed price: $2 (vested)
▪️ Private price: $3.5 (vested)
6️⃣ $REOS token
$REOS is the BRC20 version of $ORDS, aiming to revolutionize reward systems within the Ordiswap ecosystem on Bitcoin's layer-1.
As a direct revenue stream for $ORDS on the Ethereum, $REOS allows dual-network staking, earning rewards, and accruing swap fees.
twitter.com/OrdiswapLabs/status/1736161491131207860
7️⃣ Conclusion
In conclusion, Ordiswap is an exciting project that combines the worlds of Bitcoin and DeFi through its innovative protocol.
As the BRC20, BTC narrative continues to gain momentum, it's worth keeping an eye on the launch of $ORDS.
8️⃣ Tagging some chads mentioned @OrdiswapLabs
@MoonKing___
@StrongHedge
@EzMoneyGems
@CRyptOracl3
@Kaffchad
@Karamata22
@Defi__Shaman
Tanaka
@Tanaka_L2
Contributor at @hashflow | Ambassador: @ton_blockchain , @Mantle_Official, @arbitrum Founder of @Kollab3dotcom TG: t.me/Tanaka_L2
