What is Ordiswap’s AMM Mechanism?
Ordiswap’s Automated Market Maker (AMM) is the first of its kind, specifically tailored for Bitcoin’s layer one (L1). By leveraging scripting capabilities of the Taproot upgrade, Ordiswap has developed a Liquidity Provision and Operation Layer directly on Bitcoin’s L1, which brings about a decentralized layer two (L2) option as well.
Ordiswap’s mission is to unlock liquidity on Bitcoin’s native layer. The platform wants to become the leading AMM and DEX infrastructure on Bitcoin’s Layer One. Users can enjoy flexibility with rapid transactions that maintain accuracy and up-to-date balances and, most of all, could earn by providing liquidity.
What is the Bitcoin Standard Dollar (BTSD)?
The Bitcoin Standard Dollar (BTSD) is Ordiswap’s native stablecoin. It stands out as a decentralized stablecoin that is overcollateralized, using both BTC and ORDI for additional stability and security. It is governed by Collateralized Debt Positions (CDPs) and rate adjustment mechanisms. Another stablecoin experiment, so to speak, but on Bitcoin.
What is OrdiLayer?
OrdiLayer is Ordiswap’s proprietary Bitcoin layer two (L2) solution. It is EVM compatible, with ORDS serving as the token for gas and node delegation. OrdiLayer opens up a wealth of opportunities for token value accrual and represents an exciting new development that has not been extensively discussed before.
What are ORDS and REOS?
ORDS is Ordiswap’s core ERC-20 token that plays a crucial role in governance and platform fee accrual. REOS is the interoperable BRC-20 counterpart to ORDS, enabling users to engage in dual-network staking, earning rewards, and collecting swap fees. Not much information about REOS can be found. More to come in the next weeks probably.
What is the Status of Ordiswap’s Platform?
Ordiswap’s platform is currently live on Bitcoin’s testnet, with plans for a mainnet release. The platform has undergone extensive testing on Bitcoin’s native layer to ensure the security and safety of its users’ assets.
How Does the Ordiswap Bridge Enhance Interoperability?
The Ordiswap Bridge is a two-way bridge creating a profound shift in cross-chain asset transfers. It allows for seamless fund transfers between Ethereum Virtual Machine (EVM) and Bitcoin layers. This bridge uses the concept of ‘wrapping’ to convert ERC-20 assets into BRC-20 tokens. The fees generated from these transactions are distributed among ORDS token holders, promoting a self-sustaining DeFi ecosystem.
Where to buy Ordiswap – ORDS?
