OPRR Flash Depth Activities

Search Extension

LD Capital: BRC20 Infrastructure Inventory

LD Capital

2024-01-04 14:00

Read this article in 12 Minutes

AI summary

View the summary

Original Title: "LD Capital: BRC20 Infrastructure Inventory"

Original Author: Lisa, Jaden, LD Capital

One, DEX

1、RDEX

RDEX is an Orderbook DEX for BRC20, supported by a combination of the Ordinals protocol, PSBT technology, Bitcoin script, and the Nostr protocol. According to the official roadmap, the project also plans to launch a launchpad in 2024Q1.

Note: PSBT (Partially Signed Bitcoin Transaction) is a standard format for simplifying the processing of Bitcoin transactions that have not yet been finalized. It allows wallets and other tools to exchange Bitcoin transaction information and complete the necessary signatures for the transaction. PSBT was introduced in 2019 through BIP 174 and is widely used in multi-signature transactions, offline wallet transactions, and other Bitcoin transactions that require additional steps.

RDEX has a total issuance of 100 million tokens, and the distribution is as follows:

2、DotSwap

Dotswap is currently the best AMM DEX with brc20 implementation. The latest DotSwap V2 utilizes PSBT and secure asset pools to achieve BRC20 native AMM swaps. Founder Lin Zheming has over ten years of Bitcoin investment experience and seven years of Bitcoin mining pool management experience. He has developed the DotWallet and Ordinals marketplace TierTop.

The 2024 Roadmap shows that the project will integrate more UTXO assets, further expand DEX's customized liquidity fees, impermanent loss thresholds, advanced trading features including limit orders, and launch new products such as launchpad, cross-chain, oracle, flash loans, NFT staking, and short selling to form a complete ecosystem.

$DSWP is the official token of DotSwap, with a total supply of 1,200,000,000 (22.76% of which is burned) and a current circulating supply of 27,379,620, accounting for only 2.292%. Except for the burned and initially circulated parts, the remaining tokens in the token distribution will be unlocked over the next 4 years. The LP rewards with the largest proportion will be released in the future through the LP mining plan.

Dotswap has borrowed the economic model from Curve. Users can lock $DSWP to obtain veToken. VeDSWP has voting rights, and veDSWP holders vote on which trading pairs should receive LP rewards.

Dotswap, as the first officially launched brc20 native swap, has the advantage of being the first mover with its smooth user experience. If it can further attract attention by launching high-quality projects, optimizing its economic model, and cultivating user habits to accumulate TVL, it has the opportunity to become the DEX leader in the ecosystem and form a barrier to future competitors during a brief window of time.

3、Ordiswap

Ordiswap's products include swap, bridge, and stablecoin BTSD (Ordiswap's Bitcoin Standard Dollar), which are currently not officially launched. Ordiswap completed its Public Sale on December 15th at fjord foundry.

The platform token ORDS has a total supply of 1,000,000. The private round price is $3.50 and the seed round price is $2.00. The circulating supply during TGE is 437500ORDS, with a current price of $16 resulting in MC7m and FDV16m.

二、借贷

translates to

2. Borrowing and Lending

in English.

1、Bitlend

On November 8th, the white paper v1 was released, aiming to create an algorithmic decentralized lending protocol that runs on the BTC network. Users can participate in lending pools as lenders or borrowers. The goal is to fully unleash the potential of Bitcoin Layer 1 and establish a high-speed lending market for BTC native BRC20 assets using ordinal protocols, PSBT technology, and Bitcoin scripts. Users can earn deposit interest through a unified margin account and borrow from the shared liquidity pool through collateral.

This product is expected to support BTC, ORDI, SATS, NALS, RATS, ROUP, and TURT.

The product of this project is currently in the testing phase, and OG pass cards and Light pass cards are being sold.

OG total card amount is 500, priced at 0.001218BTC, and will be fairly sold.

Light card total amount is 1000, with a price of 0.000813BTC, and it is sold exclusively through a whitelist.

Pass card benefits include:

1) $BTL Inscription Airdrop

2) Application beta version usage rights.

3) Additional revenue (not specifically stated)

4) 50% fee reduction

BTL token will distribute 5% of airdrop to OG card holders and 3% to all light card holders. However, it should be noted that the team will take 5 random snapshots between December 18th and January 18th. To be eligible for the airdrop, the holder must be on the list for at least 3 of the snapshots.

2、DOVA

The Dova protocol is currently not yet launched. The protocol aims to enable users to seamlessly transfer BRC-20 tokens across chains through the MultiBit cross-chain bridge, and support users in using BRC-20 tokens for collateralized loans. The team plans to launch the product in the first quarter of 2024.

Token Economics

The total token supply is 2.1 billion, with 10% allocated for IDO, 60% for mining, 10% for the team, and 10% for airdrops, liquidity pools, and treasury, each with 5%.