Author: Ethan
Editor: Vidal
Before you know it, the time has come to the end of 2023, and Bitcoin has embarked on a magnificent bull and bear conversion road this year!
From the starting point of $16,500 at the beginning of the year to more than $44,000 in mid-December, Bitcoin has risen more than 2.5 times this year, and what is even more surprising is that the BRC-20 track and the Bitcoin ecosystem have become the strongest investment main line.
The inscription originally referred to digital collectibles (NFTs) burned through the Ordinals protocol, and now it has become a well-established and popular new asset Fair Launch fair issuance method on various chains, which also surprised Domo, the founder of Ordinals, and more creative protocols and projects are expected to emerge in the future.
At present, Binance and OKX are actively listing inscription projects, and driven by many innovations such as Ordinals/BRC-20 around Bitcoin, only inscriptions and memes cannot change the current weak status quo of Bitcoin's overall ecosystem.
Fundamental designs related to liquidity, DeFi, and other similar products commonly found in the ecosystem also need to emerge on a large scale.
Projects that are currently working on building Bitcoin infrastructure are starting to attract market attention and are rising well, becoming another hot topic in the bull market narrative.
This article summarizes some good Bitcoin ecological infrastructure targets, some of which have been listed on the stock exchange, and the other part has a high probability of being listed on the big exchange.
比特币生态发射器：Bounce Finance（auction） 已上币安、OKX
Bitcoin cross-chain bridge: MultiBit(mubi) has been listed on Gate, Bitget, and Matcha
比特币L2 DeFi龙头:Stacks(STX) 已上币安
比特币 DeFi 平台:Alex lab(Alex) 已上Gate、抹茶
Lightning Network Asset Issuance Platform: NostrAssets (TREAT/TRICK)
Bitcoin MakerDAO: BitStable (BSSB) is listed on HTX
比特币生态的DAI：DAII
比特币生态发射器:TurtSat (TURT) 已上Gate、抹茶、HTX
生 + :bitdova (DOVA)
Decentralized Stablecoin Protocol for Bitcoin Ecosystem: Uplink Finance (UPFI)
In this article, we will select 5 items from the above items to introduce to you:
Bitcoin DeFi platform: Alex lab
ALEX is a Bitcoin DeFi platform based on the Stacks blockchain that works to activate the multiple uses of Bitcoin. ALEX mainly provides the following services: the project launches its tokens, fixed-rated and fixed-term non-liquidation risk-free lending, a DEX (decentralized exchange) with an AMM mechanism, deposits tokens to earn interest and earns high returns through yield farming.
ALEX's goal is to break down the barriers between Bitcoin Layer 1 (L1) and Layer 2 (L2) to provide a seamless Bitcoin DeFi experience.
Official website: https://app.alexlab.co/swap
比特币生态发射器：Bounce Finance（auction）
Bounce is a decentralized auction platform that blends liquidity mining, decentralized governance, and staking mechanisms.
The project's positioning is to be the most cutting-edge decentralized platform in the Bitcoin ecosystem, and is committed to expanding the potential of Bitcoin through DeFi innovation!
In February 2023, Bounce V3 was officially launched, which overhauled the original auction methodology, introduced Auction-as-a-Service (AaaS), added an innovative regret function to fixed swap auctions, and allowed participants to withdraw bids at any time during the auction process.
On December 17th, the just-launched project BDID had a yield of 15% on the pledged principal, far exceeding the yield of Binance IEO!
项目官网：https: //www.bounce.finance/
MakerDAO of Bitcoin Ecosystem: BitStable (BSSB)
BitStable is a decentralized asset protocol based on the Bitcoin network, through which anyone can generate $DAII stablecoins collateralized against assets in the Bitcoin ecosystem anywhere. BitStable has a dual-token system and a cross-chain compatible structure, with its tokens being $DAII and $BSSB.
$DAII is a stablecoin (BRC 20) whose value and stability comes from the robustness of the Bitcoin ecosystem assets, including BRC 20, RSK, and the Lightning Network, among others, minted DAII can be bridged to Ethereum as ERC 20 tokens, replaced one-to-one using stablecoins such as USDT or USDC, and then cross-chain to the Bitcoin chain to participate in economic activities. The total supply of $DAII is 1 billion.
$BSSB is the governance token of the platform that is used by the community to maintain the system and manage the $DAII, and BitStable also incentivizes holders of $BSSB through dividends and other measures.
Project Official Website: https://bitstable.finance/
Bitcoin Cross-Chain Bridge: MultiBit (mubi)
The Multibit protocol aims to unify liquidity between the Bitcoin network and the Ethereum Virtual Machine (EVM) network. Its core product is the Multibit Bridge, a secure and efficient solution for seamlessly transferring tokens between ETH Chain, BNB Chain, and BTC networks.
This innovative bridging mechanism not only enhances the liquidity of the BRC-20 token, but also facilitates the growth and development of the entire Bitcoin ecosystem.
Multibit has also launched a staking system that allows users to stake MUBI tokens and earn rewards in the form of ERC-20 or BRC-20 tokens on the Mutibit platform. Currently, users can earn NHUB and BSSB tokens through staking.
Cross-chain bridges are just needed in the DeFi field, and according to the trading volume and popularity, the possibility of Multibit listing OKX/Binance next is relatively high!
Project Official Website: https://multibit.exchange/
生 + :bitdova (DOVA)
The Dova protocol is the leading lending protocol on the Bitcoin chain, with the goal of strengthening the liquidity connection between the Bitcoin chain and the EVM chain. The protocol will introduce Defi applications to the BTC ecosystem, which will be a revolutionary and creative protocol.
The main features of the Dova protocol are:
1. Through the strategic cooperation with Multibit, Dora uses the Multibit cross-chain bridge to realize the seamless connection of the Bitcoin network and the EVM network, and users can easily and freely transfer BRC20 assets between the two public chains.
2. Users can use the Dora protocol to lend cryptocurrencies by staking BRC20 assets, and the protocol provides algorithmic and transparent lending services.
3. Dova allows users to pledge the protocol by providing liquidity, etc., to obtain dividends from platform tokens and part of the lending interest, and earn BRC-30s token rewards, which can attract more users to provide liquidity and value to the ecosystem.
Project website: https://www.bitdova.com/
P.S This article does not constitute investment advice!