๐๏ธUse Cases
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.
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: Babylonโs 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.
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.
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