Uniport.Network: A BTC Layer2 built on the Bitcoin full-chain interoperability protocol.

CN
8 months ago

Let BTC assets obtain high and stable returns. This model has already been market-proven on Ethereum's EigenLayer.

Author: Luuki

With the long-term technical expansion of Bitcoin, as well as real-time market attention such as ETF approval and price surge, Bitcoin has maintained a unique market position in the cryptocurrency field. However, due to its initial design pursuit of decentralization and security, Bitcoin compromised its throughput performance and adopted a non-Turing complete scripting language to enhance network security. This "extreme" pursuit has hindered Bitcoin's development in DeFi and other smart contract fields. Earlier performance solutions such as the Lightning Network also face issues such as poor interactivity and insufficient liquidity. Therefore, the EVM-compatible solution for the BTC ecosystem has emerged and quickly become a market focus.

Uniport.Network is a ZK-Rollup built on its own Bitcoin cross-chain protocol and the Polygon CDK, which will create a high-performance BTC Layer2 that allows BTC Restaking to earn returns through the integration of modular public chains Celstia and Babylon.

UniPort is the first cross-chain bridge that supports Atomicals protocol ARC20 assets and the first cross-chain interoperability protocol to support BRC20 and ARC20 cross-chain to SUI and Aptos chains. UniPort brings emerging Bitcoin assets into a multi-chain smart contract ecosystem, providing assets with more use cases and liquidity. In later iterations, it will support blockchains such as Ton, Cosmos, and Polkadot, becoming a hub connecting the Bitcoin and other multi-chain ecosystems.

Uniport.Network, through synergistic effects, solves the liquidity fragmentation problem of the multi-chain era and integrates overall liquidity to promote the prosperity of the Bitcoin ecosystem.

Thanks to UniPort's comprehensive cross-chain infrastructure, multiple-chain assets can be quickly bridged to the UniPort network, bridging the liquidity gap between BTC Layer2 and multi-chain ecosystems such as SUI, APT, ETH, Cosmos, Ton, and Polkadot. UniPort will not only become the most comprehensive L2 supporting new types of Bitcoin assets but also serve as an intelligent route connecting the Bitcoin ecosystem with multi-chain application ecosystems. Assets on chains such as SUI and APTOS can be quickly cross-chained to UniPort, achieving diversified application scenarios. Assets from the Bitcoin network and UniPort chain can also be quickly cross-chained to any smart contract chain and utilize a rich DAPP ecosystem.

Uniport.Network———Building a more scalable and secure Bitcoin Layer2 network based on zero-knowledge proof security

At the current stage, Bitcoin Layer2 cannot fully inherit the security of the mainnet. UPChain chooses to build a smart contract chain dedicated to Bitcoin assets based on the Polygon CDK, achieving higher security through zero-knowledge proof that guarantees the finality of data on the Babylon mainnet.

Supporting full-chain Bitcoin asset staking for interest, BTC Layer2 with triple yield accumulation, maximizing the potential of Bitcoin assets to generate income.

Since the launch of the Ethereum Restaking protocol EigenLayer, it has attracted nearly $8 billion in Ethereum and Ethereum LSD assets, with a current TVL of up to $8.8 billion and a rapidly rising trend.

As the largest cryptocurrency asset globally, Bitcoin assets are limited by the non-Turing completeness of the Bitcoin blockchain, making it impossible to implement smart contract scenarios. The massive amount of Bitcoin assets on the chain has become stagnant assets, lacking liquidity and effective value accumulation.

UniPort deeply integrates the Babylon solution to achieve multiple empowerment of Bitcoin assets. UBTC on UniPort is an asset that supports a 1:1 peg to Bitcoin. UPChain acts as the EigenLayer for BTC, achieving Restaking scenarios for Bitcoin assets through deep integration of the Babylon protocol, greatly releasing liquidity and making Bitcoin an income-generating asset.

UBTC holders on UniPort can earn triple returns through staking UBTC to earn Babylon staking income, earning BTC short funding fees through the Delta neutral strategy, and earning DEFI income using UPSD and LSD tokens sUBTC.

Uniport.Network token model—Rejecting VC monopoly, upholding the spirit of the Bitcoin community, 100% airdrop of UP tokens to the community

UniPort upholds the decentralized spirit of the Bitcoin community, ensuring fair distribution of 100% of the tokens to ensure that everyone can participate equally. This breaks the pattern of institutional investors monopolizing tokens, achieving a more equal and decentralized token distribution. 75% of the tokens are airdropped to users through Gas Fee Fairmint, and the remaining 25% are airdropped for early community tasks, cross-chain reward activities, whitelist CEX incentives, early on-chain DAPP developer rewards, and other purposes. The cross-chain reward activity is about to begin.

UP is the governance token of UniPort, capable of empowering multiple scenarios. As a multi-functional token, UP gives its holders multi-dimensional rights and participation opportunities. UP holders can earn GAS fee income by staking UPChain nodes and also qualify for Fairmint allocation of ecosystem project tokens, enabling participation in various project token distributions.

Uniport.Network establishes a more sustainable Layer2 network ecosystem through the Fairmint Pool ecological construction model

UniPort proposes the ecological construction model of the Fairmint Pool, which is more innovative compared to traditional hackathon methods. Through the Fairmint Pool mechanism, ecosystem protocols can achieve fair token distribution and airdrop to the community, injecting new vitality. This innovative ecological construction mechanism is expected to bring a more active and sustainable ecosystem to UniPort, providing users with more attractive participation opportunities.

Many people are discussing whether the market really needs so many BTC Layer2 solutions and whether it is necessary to establish a smart contract ecosystem for new Bitcoin assets such as SATS and ORDI. The author believes that market demand determines everything, and a chain with a valuable application with high-frequency demand can achieve success. The BTC Restaking mechanism of Uniport.Network allows BTC assets to obtain high and stable returns, a demand that has already been market-proven on Ethereum's EigenLayer. Leveraging its complete cross-chain interoperability, UniPort is believed to stand out in the fiercely competitive Bitcoin asset smart contract Layer2 at the current stage.

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