๐Ÿ—๏ธ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: Babylonโ€™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.

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