In Temporary
Atomiq has built-in with the Braavos to convey Bitcoin assist to Starknet, enabling safe, trustless swaps from BTC to wBTC and unlocking seamless entry to DeFi.
Cross-chain conversion answer, Atomiq is introducing assist for wrapped Bitcoin (wBTC) on Starknet, an Ethereum Layer 2 scaling platform, enabling Bitcoin decentralized finance (DeFi).
Atomiq permits for direct swap between native Bitcoin and wrapped Bitcoin with zero slippage and minimal counterparty danger. That is achieved by way of an on-chain escrow mechanism that leverages Bitcoin’s proof-of-work (PoW) consensus mannequin. In a typical swap, tokens are briefly held in a wise contract vault on Starknet, whereas a Bitcoin gentle shopper contract displays and verifies the related Bitcoin transaction by analyzing block headers. As soon as the Bitcoin transaction is confirmed on-chain, the equal quantity of wBTC is robotically launched, making certain a safe, atomic swap between the 2 chains.
The combination of Atomic with the Braavos pockets makes it simpler for Bitcoin holders to transform BTC into wBTC on Starknet, minimizing each complexity and danger. The conversion course of is designed to be clean and predictable, enabling Bitcoin to work together with Starknet-based DeFi protocols in a fashion that goals to reflect the simplicity of an in-person settlement.
Atomiq units a brand new customary for cross-chain conversion by using Bitcoin’s PoW safety instantly in its course of, eliminating the necessity to depend on exterior validators for safety like most different cross-chain options. Initiatives constructing on Starknet can profit from Starknet Basis assist, the place these initiatives provide incentives to their underlying customers.
Customers partaking with Atomiq acquire key benefits, equivalent to fastened pricing no matter market volatility by way of binding quotes, diminished reliance on exterior events because of good contract vaults and on-chain validation, and a trustless atmosphere that eliminates the necessity for middleman approval or oversight. Collectively, these options place Atomiq as a doubtlessly impactful software for enabling Bitcoin-native entry to Ethereum Layer 2 DeFi protocols.
Braavos Integrates Atomiq To Allow Native Bitcoin Assist On Starknet, Introducing One-Click on Yield And Trustless BTC Swaps
Braavos has turn out to be the primary pockets on Starknet to implement integration with Atomiq, enabling native assist for Bitcoin and providing a streamlined choice for customers to earn yield on their BTC holdings. This collaboration permits customers to entry Bitcoin performance throughout the Starknet ecosystem by way of a devoted interface that’s now totally operational.
By means of Braavos, customers can carry out a trustless swap to transform their native BTC into wBTC, which might then be used throughout Starknet DeFi purposes. The pockets helps full self-custody, which means customers preserve full management over their property whereas with the ability to retailer, ship, and obtain BTC throughout the identical atmosphere.
Past easy asset administration, Braavos contains options equivalent to one-click staking, permitting customers to have interaction in yield-generating actions with out navigating a number of platforms or manually interacting with complicated protocols. To make the expertise extra accessible, StarkWare has partnered with Braavos and Atomiq Labs to eradicate bridge charges—excluding community transaction prices—when shifting Bitcoin onto Starknet.
This integration is designed with consumer expertise in thoughts, providing a single interface that manages all key features from swapping and custody to staking. By eradicating the necessity for exterior instruments or multi-step processes, Braavos goals to make interacting with Bitcoin on Starknet as easy and environment friendly as attainable.
Disclaimer
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About The Creator
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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