Let BTC assets obtain high and stable returns. This model has been validated in Ethereum’s EigenLayer. Below is an introduction to BTC Layer2 Uniport.Network based on the cross-chain protocol of the Bitcoin full-chain assets.
Table of Contents
What is Uniport.Network?
Uniport.Network – A Bitcoin Layer2 network based on zero-knowledge proof for enhanced security and scalability.
Uniport.Network token model – Rejecting VC monopoly, upholding the spirit of the Bitcoin community, 100% airdrop of UP tokens to the community.
Uniport.Network builds a more sustainable Layer2 network ecosystem through the Fairmint Pool ecology model.
With the technological expansion of Bitcoin over the years, as well as the attention from real-time markets such as ETF approval and price surge, Bitcoin has maintained a dominant position in the cryptocurrency field and occupies a unique market position. However, due to the initial design focus on decentralization and security, it compromises its throughput efficiency and adopts a non-Turing complete scripting language to enhance network security.
However, this “extreme” pursuit has hindered the development of Bitcoin in areas such as DeFi and smart contracts. Earlier scalability solutions such as the Lightning Network also face issues such as poor interactivity and insufficient liquidity. Therefore, Ethereum Virtual Machine (EVM) compatible solutions for the BTC ecosystem emerged and quickly became a market focus.
Uniport.Network launched UNCHAIN, a ZK-Rollup built based on its own cross-chain protocol for Bitcoin full-chain assets and the Polygon CDK. It will integrate modular public chains Celstia and Babylon to create a high-performance BTC Layer2 that allows users to earn income through BTC Restaking.
UniPort is the first cross-chain bridge that supports Atomicals protocol ARC20 assets and the first cross-chain interoperability protocol that supports BRC20 and ARC20 to SUI and Aptos chains.
UniPort brings Bitcoin assets into a multi-chain smart contract ecosystem, providing assets with more use cases and liquidity. In future iterations, it will support blockchains such as Ton, Cosmos, and Polkadot, becoming a hub connecting Bitcoin and other multi-chain ecosystems.
Uniport.Network solves the issue of fragmented liquidity in the multi-chain era through collaborative effects, integrating liquidity across the entire chain, and promoting the prosperous development of the Bitcoin ecosystem.
Thanks to UniPort’s comprehensive cross-chain infrastructure, multi-chain assets can be quickly bridged to the UPChain network, bridging the liquidity gap between BTC Layer2 and SUI, APT, ETH, Cosmos, Ton, Polkadot, and other multi-chain ecosystems.
UPChain not only becomes the most diverse L2 supporting Bitcoin’s new asset types but also becomes the intelligent routing connecting the Bitcoin ecosystem and multi-chain application ecosystem. Assets on chains such as SUI and APTOS can quickly cross-chain to UniPort, realizing diversified application scenarios. Assets on the Bitcoin network and UniPort chain can also quickly cross-chain to any smart contract chain and utilize a rich DAPP ecosystem.
In the current stage, Bitcoin Layer2 cannot fully inherit the security of the main network. UPChain chooses to build an intelligent contract chain dedicated to Bitcoin assets based on the Polygon CDK, achieving higher security guaranteed by the Ethereum mainnet through zero-knowledge proofs.
After the launch of the Babylon mainnet, UPChain will gain data finality ensured by the Bitcoin chain through integration with Babylon.
Supporting the pledge and interest-bearing of Bitcoin assets across the entire chain, BTC Layer2 accumulates triple income, maximally unleashing the potential of Bitcoin assets and making them interest-bearing assets.
Since the launch of the Ethereum Restaking protocol EigenLayer, it has attracted nearly $8 billion in Ethereum and Ethereum LSD assets. The protocol’s TVL currently reaches $8.8 billion and shows a rapid upward trend.
Bitcoin assets, as the largest cryptocurrency globally, are limited by the non-Turing complete attributes of the Bitcoin blockchain and cannot realize smart contract scenarios. The massive amount of Bitcoin assets on the chain becomes dormant assets, lacking liquidity and effective value accumulation.
UniPort deeply integrates the Babylon solution to achieve multiple empowerment for Bitcoin assets. UBTC on UniPort is an asset that supports a 1:1 anchorage of Bitcoin. UPChain serves as the EigenLayer for the BTC version and, through deep integration with the Babylon protocol, realizes the Restaking scenario for Bitcoin assets, greatly unleashing liquidity and turning Bitcoin into an interest-bearing asset.
UBTC holders on UniPort can obtain triple income, including Babylon staking income, BTC short funding through Delta neutral strategies, and DEFI income through the use of UPSD and LSD tokens sUBTC.
UniPort upholds the decentralized spirit of the Bitcoin community, and 100% of the tokens will be fairly distributed to ensure everyone can participate fairly. This breaks the pattern of institutional investors monopolizing tokens and achieves a more equal and decentralized token distribution.
Of the tokens, 75% will be airdropped to users through Gas Fee Fairmint, and the remaining 25% will be airdropped for participating in early community tasks, cross-chain reward activities, whitelist CEX incentives, and early on-chain DAPP developer rewards. Cross-chain reward activities are about to begin.
UP is the governance token of UniPort, enabling multi-scenario empowerment. As a multi-functional token, UP gives its holders multidimensional rights and participation opportunities. UP holders can earn GAS fee income from UPChain node by pledging UP and also qualify for Fairmint distribution of various project tokens.
UniPort proposes the Fairmint Pool ecology model, which is more innovative compared to traditional hackathon approaches. Through the Fairmint Pool mechanism, the ecological protocol can achieve fair token distribution and airdrop to community users, injecting new vitality. This innovative ecological building mechanism is expected to bring more activity and sustainability to UPChain, providing users with more attractive participation opportunities.
Many are discussing whether the market really needs so many BTC Layer2 solutions and whether it is necessary to establish a smart contract ecosystem for Bitcoin’s new assets such as SATS and ORDI. The author believes that market demand determines everything, and a chain with a valuable and high-frequency demand application can achieve success.
Uniport.Network’s BTC Restaking mechanism allows BTC assets to achieve high and stable returns. This demand has been validated in Ethereum’s EigenLayer. With its complete cross-chain interoperability, Uniport.Network’s UPChain is believed to stand out among the fiercely competitive Bitcoin Layer2 solutions at the current stage.
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