Countdown to BRC2.0 Launch: The Prototype of BTCFi Has Emerged

CN
2 hours ago

I am BitRay Ray.bit, a man who embodies both passion for Bitcoin and technical insight, X (Twitter): https://x.com/bitlaser_btc

As the launch of BRC 2.0 @bestinslotxyz on September 2 approaches, more and more teams are joining BRC 2.0. The richness of applications is already sufficient to form a closed loop for #BTCFi on BRC 2.0, and we are increasingly looking forward to the arrival of BRC 2.0. @bestinslotxyz @L 1 Fxyz @domodata @0 xBinari @realmtbman

1. New heavyweight applications for BTCFi: proBTC, Yuzo, bpump.fun

proBTC @proBTC_org is the first native WBTC on BRC 2.0. Through the proBTC protocol, users can safely, decentralized, and trustlessly exchange native BTC for proBTC on the BRC 2.0 protocol. Similar to WETH, proBTC can be used in all BRC 2.0 applications, such as AMM, stablecoins, lending, pump.fun, etc., solving the incompatibility issue between native BTC and meta-protocols. It is expected to launch around September 2.

Yuzo @yuzodotxyz is the first NFT Launchpad on BRC 2.0, allowing users to quickly release their own collections through AI. It has already launched its platform NFT Yuna Revelation, which has performed well in the market. Recently, Yuzo engraved its economic model white paper onto the chain, making it immutable, demonstrating its commitment to the project.

bpump.fun @bpump_fun is the first pump.fun on BRC 2.0, allowing easy meme coin launches on Bitcoin L1, complementing the development of the BRC 2.0 ecosystem. The more popular BRC 2.0 becomes, the more participants there will be in pump.fun; conversely, the popularity of pump.fun will bring significant traffic to BRC 2.0. It is the fifth major track after the four major tracks of BRC 2.0 applications, Pre-BRC 2.0 graphic NFTs, 6-character Free Mint, and BRC 20 OG Token, playing an important role in expanding the ecosystem.

2. CatSwap breaks the liquidity shackles of BTCFi

BRC 20 launched in March 2023, attracting numerous players to the Bitcoin ecosystem with countless wealth creation myths, leading to a wave of protocol hype. After the noise, there was silence; BTCFi has not developed due to the lack of any on-chain liquidity, which is its biggest drawback.

Now, with the arrival of the BRC 2.0 DeFi protocol, the liquidity shackles of BTCFi will be broken. BRC 2.0 Swap CatSwap @CatSwap_Fun is fully prepared to provide strong liquidity as a decentralized AMM. Projects like Adderrels @adderrels, Yuzo @yuzodotxyz, and Early Birds @EarlyBirdsBRC can add 6-character Token LPs to @CatSwap_Fun. Strong liquidity is the fundamental guarantee for continuous market cap growth. If CatSwap @CatSwap_Fun releases a Token, it will be akin to having a chance to re-participate in Uniswap @Uniswap, with a future market cap in the tens of billions worth looking forward to.

3. bpump.fun perfectly replicates pump.fun to BRC 2.0

Existing applications on BRC 2.0 can form a nearly perfect closed loop for BTCFi. bpump.fun @bpump_fun can use proBTC @proBTC_org and ORDI as liquidity pools. Once the Token is successfully launched, liquidity will be added to CatSwap @CatSwap_Fun, avoiding the exchange of fake coins for fake coins while ensuring the healthy development of the Token. The same applies to 6-character Free Mint, which guarantees liquidity while also generating LP earnings and allowing participation in its Farming, ensuring that each Token on BRC 2.0 develops positively. If bpump.fun @bpump_fun releases a Token, it is also a very worthwhile target to participate in.

4. ORDI: The cornerstone of BTCFi

$ORDI is the first Token on Bitcoin and has always been referred to as the benchmark Token, truly a leader. The prosperity of BTCFi will be reflected in the market cap of ORDI, so all applications of BTCFi should empower ORDI. For example, the ORDI strategy mentioned in BRC 2.0 Swap CatSwap @CatSwap_Fun should be emulated by other applications. The liquidity pool of bpump.fun @bpump_fun can even support both WBTC and ORDI. ORDI has strong support from many top exchanges and excellent liquidity, and in BTCFi, it can even be used like WBTC, akin to ETH in Ethereum. Of course, the programmability of BRC 20 Tokens will need to wait for the second phase of BRC 2.0. We look forward to the second phase and more applications empowering ORDI.

Conclusion

BRC 2.0 is driving BTCFi into a new stage through numerous applications, liquidity solutions, and the construction of an ecological closed loop. The upcoming upgrade of programmability for BRC 20 OG Tokens and the empowerment of ORDI in the second phase are highly anticipated. On September 2, the mainnet of BRC 2.0 will launch, so get ready to embrace the violent aesthetics of BTCFi exploding everything.

Everyone is welcome to join the BRC 2.0 Chinese community TG ID: @BRC 2_0_CN, to co-build the BRC 2.0 ecosystem, seek the most promising Alpha, and ignite the entire Bitcoin DeFi Summer.

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