🗝️Use Cases

1. Wallet Native Swap

   • Allowing users to seamlessly swap their BTC for a BTC-backed stablecoin (USBD) directly within their wallet.

   Relevant BD: Partnership with ALEX and other Wallet Platforms

   • Partnership with ALEX (BRC-20 Creator): Utilizing ALEX's DeFi solutions and their expertise as the BRC-20 creator to facilitate secure and efficient swaps.

   • Partnership with Leather, Xverse, and OKX Wallet: Integrating USBD swap into popular wallet platforms to maximize user accessibility and convenience.

   Rationale: Targeting Largest Potential Market and Onboarding New Users

   • Highest TAM: This feature targets the largest potential market by addressing the need for a stable asset backed by Bitcoin within the wallet ecosystem.

   • Onboard Net-new Users: Simplifies the process of converting BTC to a stablecoin (USBD), appealing to new users seeking stability and security.

2. BTC Staking/Restaking Mint with Babylon

   • Enabling users to stake or restake their BTC to mint new USBD tokens or earn rewards.

   Relevant BD: Babylon Use Cases

   • Babylon Use Cases: Leveraging Babylon's LSTs to provide advanced staking functionalities.

   Rationale: Market Expansion, Enhanced Utility, Yield Generation, Stability from a Stablecoin

   • Market Expansion: Attracts users interested in maximizing their BTC holdings through innovative staking mechanisms.

   • Enhanced Utility: Babylon’s LSTs increase the utility of BTC by allowing users to stake their BTC and receive LSTs in return.

   • Yield Generation: Users earn continuous staking rewards, which are automatically reflected in the value of their LSTs.

   • Stability from a Stablecoin: By converting staked BTC into Bima, users achieve stability. USBD, backed by BTC and LSTs, offers a hedge against Bitcoin's volatility, providing a more stable asset for transactions and savings.

3. Luxor Block Space Derivatives

   • Luxor's block space derivatives, traditionally for miners, are now accessible to USBD stakers.

   Relevant BD: Partnership with Luxor

   • Partnership with Luxor: Utilizing Luxor's hashrate and block space derivatives for our gamma-neutral strategy.

   Rationale: Expanded Opportunities, Enhanced Stability

   • Expanded Opportunities: Broaden investment options for USBD stakers.

   • Enhanced Stability: Strengthen returns and asset reliability using advanced derivatives.