diff --git a/docs/BitVMBridge/BBN/001-understanding-bbn.md b/docs/BitVMBridge/BBN/001-understanding-bbn.md index 56e26ace2..24f409e40 100644 --- a/docs/BitVMBridge/BBN/001-understanding-bbn.md +++ b/docs/BitVMBridge/BBN/001-understanding-bbn.md @@ -40,11 +40,11 @@ A key example is the **BitVM Coordinator**, a protocol contract that plays a cru A primary function of the BitVM Coordinator is to manage the **attesting committee** for each new BitVM smart contract. This committee is a group of nodes that pre-signs the transaction graph. The Coordinator streamlines this process by: -1. **Electing the Pre-Signing Committee:** For each new contract, the Coordinator selects committee members from a pool of trusted and eligible candidates. +1. **Electing the Attesting Committee:** For each new contract, the Coordinator selects committee members from a pool of trusted and eligible candidates. 2. **Implementing Incentives:** To ensure liveness and discourage malicious behavior, the Coordinator manages an incentive structure. Honest committee members are rewarded for their participation, while malicious actors are penalized through slashing. 3. **Coordinating Signatures:** Once the committee is formed, the Coordinator orchestrates the signing process to ensure all members contribute their signatures in a timely and coordinated manner. -To leverage this functionality, applications must run an **attester node**. For example, a BitVM bridge requires its attester node to verify the format of each transaction in the graph, sign it, and submit the signature to the Coordinator. +To leverage this functionality, applications must run their own **attester node**. For example, a BitVM bridge requires its attester node to verify the format of each transaction in the graph, sign it, and submit the signature to the Coordinator. ### Watcher Coordination diff --git a/docs/BitVMBridge/BBN/002-joining-bbn.md b/docs/BitVMBridge/BBN/002-joining-bbn.md index 75cc61d67..683fda506 100644 --- a/docs/BitVMBridge/BBN/002-joining-bbn.md +++ b/docs/BitVMBridge/BBN/002-joining-bbn.md @@ -17,9 +17,9 @@ If you’re interested in getting involved, feel free to contact us via email at The BitVM Bridge Broker role can appeal to various entities for different purposes. Below are some examples of how participants might engage as Brokers: - Type 1: Providing Liquidity Services to End Users - You might operate as a Broker to generate revenue by servicing the peg-out requests of end-users and charging transaction fees. + You might operate as a Broker to generate revenue by servicing the peg-out requests of end-users and charging transaction fees. - Type 2: Supporting Your Business Operations - You might operate as a Broker if you run a business (such as DeFi protocols or other services) that integrates YBTC (a highly secure bridged BTC asset) and you require the BitVM Bridge to balance your BTC/YBTC positions. The flexible peg-out feature of the Bitlayer BitVM Bridge allows participants with such needs to achieve this cost-effectively. + You might operate as a Broker if you run a business (such as DeFi protocols or other services) that integrates YBTC and you require the BitVM Bridge to balance your BTC/YBTC positions. The flexible peg-out feature of the Bitlayer BitVM Bridge allows participants with such needs to achieve this cost-effectively. Regardless of the specific motivation, all prospective Brokers must meet the following requirements: @@ -31,13 +31,13 @@ Regardless of the specific motivation, all prospective Brokers must meet the fol 2. Long-Term Collateral: - All brokers are required to provide long-term liquidity as collateral. A minimum of 0.5 BTC is necessary to participate in a single bridge instance. + All brokers are required to provide long-term liquidity as collateral. A certain amount (denoted as `minimum_collateral_per_reclaim`) of BTC is necessary to participate in a single bridge instance. Note: This collateral will be refunded once the corresponding bridge funds are reclaimed. The duration for this refund depends on the timing of user requests and the reclaim process. 3. Short-Term Liquidity (Especially for User-Facing Services): - Brokers, particularly those aiming to provide liquidity services to end-users (as in Example 1), will need readily available short-term liquidity to front peg-out requests. A minimum of 2 BTC is recommended for this purpose. + Brokers, particularly those aiming to provide liquidity services to end-users (as in Type 1), will need readily available short-term liquidity to front peg-out requests. A minimum of 2 BTC is recommended for this purpose. Note: This liquidity will be reclaimed from the BitVM smart contract after the broker has fronted the peg-out request. The typical duration for this reclaim is the challenge window, which is generally one week. diff --git a/docs/BitVMBridge/BBN/003-bbn-governance.md b/docs/BitVMBridge/BBN/003-bbn-governance.md index 58eb699dc..000d444f8 100644 --- a/docs/BitVMBridge/BBN/003-bbn-governance.md +++ b/docs/BitVMBridge/BBN/003-bbn-governance.md @@ -12,7 +12,7 @@ The governance of the BitVM Bridge Network will be centered around the **Bitlaye **Key Features:** -- **Governance Platform:** The core governance smart contracts will be deployed on the **Bitlayer Network** (the L2 scaling solution for Bitcoin). You can find more information about Bitlayer Network at [https://www.bitlayer.org/](https://www.bitlayer.org/). +- **Governance Platform:** The core governance smart contracts will be deployed on the **Bitlayer Network**. You can find more information about Bitlayer Network at [https://www.bitlayer.org/](https://www.bitlayer.org/). - **Membership:** Any individual or entity holding a specified minimum amount of BTR tokens will be eligible to participate as a governance member. The exact threshold will be defined in the forthcoming governance framework. - **Proposal Submission:** Any eligible governance member can create new proposals and initiate the voting process. - **Discussion Forum:** A dedicated governance forum (currently under construction) will serve as the primary platform for discussing proposals, debating ideas, and fostering community consensus before formal voting. diff --git a/docs/BitVMBridge/Concepts/098-roadmap.md b/docs/BitVMBridge/Concepts/098-roadmap.md index 3aae1711b..e4ae8813e 100644 --- a/docs/BitVMBridge/Concepts/098-roadmap.md +++ b/docs/BitVMBridge/Concepts/098-roadmap.md @@ -5,7 +5,7 @@ slug: roadmap # Roadmap -![Roadmap](/img/BitvmBridge/introduction/roadmap1.png) +![Roadmap](/img/BitvmBridge/introduction/roadmap.png) ## **DEC.2024** @@ -19,8 +19,9 @@ slug: roadmap ## **July 2025** -- Mainnet Beta Launch +- Mainnet Beta Launch (Ethereum) ## **H2. 2025** -- Support for Additional Chains +- Mainnet Launch (SUI) +- Support more Blockchains diff --git a/docs/BitVMBridge/DevGuides/001-introduction-ybtc.md b/docs/BitVMBridge/DevGuides/001-introduction-ybtc.md deleted file mode 100644 index 8a72a13b0..000000000 --- a/docs/BitVMBridge/DevGuides/001-introduction-ybtc.md +++ /dev/null @@ -1,28 +0,0 @@ ---- -sidebar_position: 1 -slug: intro-ybtc ---- - -# Introducing YBTC - -YBTC is a revolutionary programmable Bitcoin asset designed to unlock the full potential of Bitcoin in the multi-chain ecosystem. Leveraging the innovative **BitVM Bridge**, YBTC seamlessly integrates into various programmable environments, providing unparalleled flexibility and utility for Bitcoin holders. - -Through the **BitVM Bridge**, BTC from the Bitcoin blockchain can be securely transferred to multiple target chains, including **Bitlayer**, **Ethereum**, **other Layer 2s**, and **other Layer 1s**. - -Once on the target chain, YBTC becomes a versatile asset that can participate in a wide range of decentralized protocols and applications. These include: - -- **Lending**: Utilize YBTC as collateral in lending protocols to access liquidity without selling your assets. -- **Decentralized Exchanges (DEXs)**: Trade YBTC across decentralized markets with ease and efficiency. -- **Staking**: Stake YBTC in supported networks or protocols to earn rewards while contributing to network security. - -![business](/img/BitvmBridge/introduction/yield.png) - -YBTC represents a critical advancement in the evolution of Bitcoin’s utility, bridging the gap between Bitcoin’s unmatched security and the programmability of modern blockchain ecosystems. By enabling cross-chain compatibility, YBTC empowers users and developers to integrate Bitcoin into DeFi, gaming, and other innovative applications, ultimately driving the adoption of Bitcoin across diverse ecosystems. - -## Why Choose YBTC? - -- **Trust-Minimized Bridging**: The BitVM Bridge ensures secure, efficient, and decentralized Bitcoin transfers across blockchains. -- **Enhanced Utility**: YBTC extends Bitcoin’s use cases beyond simple transactions, unlocking its potential in programmable environments. -- **Seamless Multi-Chain Support**: Enjoy frictionless interoperability with major blockchain ecosystems, maximizing the accessibility and usability of your Bitcoin. - -Embrace the future of Bitcoin with YBTC, a gateway to multi-chain programmability and decentralized innovation. diff --git a/docs/BitVMBridge/DevGuides/002-build-with-ybtc.md b/docs/BitVMBridge/DevGuides/002-build-with-ybtc.md deleted file mode 100644 index 94893ea1d..000000000 --- a/docs/BitVMBridge/DevGuides/002-build-with-ybtc.md +++ /dev/null @@ -1,20 +0,0 @@ ---- -sidebar_position: 2 -slug: build-with-ybtc ---- - -# Build With YBTC - -## Native BTC Bridge - -Unlock the full potential of Bitcoin by securely bridging it to any blockchain ecosystem. The BitVM Bridge provides a robust and trust-minimized infrastructure, enabling seamless interoperability for Bitcoin. We invite developers, projects, and enterprises to collaborate with us in activating BTC liquidity on target chains and fostering a vibrant cross-chain ecosystem. - -## YBTC Asset Cross-chain - -YBTC represents a revolutionary approach to bridging Bitcoin to any blockchain, facilitating unparalleled liquidity and accessibility. By leveraging BitVM Bridge's multi-chain capabilities, YBTC empowers projects to integrate Bitcoin liquidity into decentralized finance (DeFi), gaming, and other innovative use cases. Join us in driving Bitcoin adoption across the multi-chain universe. - -## BTC Native Protocol Based on BitVM2 - -BitVM Bridge delivers an industry-grade implementation of the cutting-edge BitVM2 protocol, purpose-built for forward-thinking Bitcoin developers. Our solution integrates advanced cryptographic techniques to ensure secure, scalable, and efficient cross-chain interactions. Whether you're building next-generation decentralized applications or exploring innovative Bitcoin use cases, BitVM Bridge provides the tools you need to succeed. - -For more information or to connect with us, join our official Telegram channel: [https://t.me/bitlayerofficial](https://t.me/bitlayerofficial) diff --git a/docs/BitVMBridge/DevGuides/_category_.json b/docs/BitVMBridge/DevGuides/_category_.json deleted file mode 100644 index 3bb311af7..000000000 --- a/docs/BitVMBridge/DevGuides/_category_.json +++ /dev/null @@ -1,6 +0,0 @@ -{ - "label": "Developer Guides", - "position": 5, - "link": null, - "collapsed": false -} diff --git a/docs/BitVMBridge/Multi-Chain/002-integrating-target-chain.md b/docs/BitVMBridge/Multi-Chain/002-integrating-target-chain.md index 12adf818f..0b21cbe6b 100644 --- a/docs/BitVMBridge/Multi-Chain/002-integrating-target-chain.md +++ b/docs/BitVMBridge/Multi-Chain/002-integrating-target-chain.md @@ -8,7 +8,7 @@ slug: integrating-target-chain ## Introduction to Bitlayer's BitVM Bridge -Bitlayer's BitVM Bridge is a cutting-edge solution designed to facilitate the movement of Bitcoin assets to a diverse array of blockchain ecosystems. This interoperability unlocks a multitude of decentralized finance (DeFi) and yielding opportunities for Bitcoin holders. The bridge supports a multi-chain architecture, encompassing both Layer 1 (L1) blockchains such as Ethereum, Cardano, Sui, Plume, Sonic SVM, and Solana, as well as Layer 2 (L2) solutions including Bitlayer Network, Base, Arbitrum, and Starknet, among others. +Bitlayer's BitVM Bridge is a cutting-edge solution designed to facilitate the movement of Bitcoin assets to a diverse array of blockchain ecosystems. This interoperability unlocks a multitude of decentralized finance (DeFi) and yielding opportunities for Bitcoin holders. The bridge supports a multi-chain architecture, encompassing both Layer 1 (L1) blockchains such as Ethereum, Cardano, Sui, Plume, Sonic, and Solana, as well as Layer 2 (L2) solutions including Bitlayer Network, Base, Arbitrum, and Starknet, among others. The core strength of the BitVM Bridge lies in its extensible design, which simplifies the process of integrating new target chains. This document provides a comprehensive guide for developers from the Bitlayer community who wish to extend the bridge's capabilities by adding support for a new target blockchain. diff --git a/docs/YBTCFamily/YBTC.B/_category_.json b/docs/YBTCFamily/YBTC.B/_category_.json index 493a16586..75a768cd6 100644 --- a/docs/YBTCFamily/YBTC.B/_category_.json +++ b/docs/YBTCFamily/YBTC.B/_category_.json @@ -1,7 +1,6 @@ { - "label": "YBTC.B", - "position": 10, - "link": null, - "collapsed": false - - } \ No newline at end of file + "label": "YBTC.B", + "position": 10, + "link": null, + "collapsed": false +} diff --git a/docs/YBTCFamily/YBTC/_category_.json b/docs/YBTCFamily/YBTC/_category_.json new file mode 100644 index 000000000..7a119c6d0 --- /dev/null +++ b/docs/YBTCFamily/YBTC/_category_.json @@ -0,0 +1,6 @@ +{ + "label": "YBTC", + "position": 11, + "link": null, + "collapsed": false +} diff --git a/docs/YBTCFamily/YBTC/introducing-ybtc.md b/docs/YBTCFamily/YBTC/introducing-ybtc.md new file mode 100644 index 000000000..923078fd0 --- /dev/null +++ b/docs/YBTCFamily/YBTC/introducing-ybtc.md @@ -0,0 +1,40 @@ +--- +sidebar_position: 1 +--- + +# Introducing YBTC + +YBTC is a trust-minimized bridged Bitcoin engineered for maximum security, serving as the core asset in Bitlayer's Bitcoin DeFi roadmap. + +- **Trust-Minimized Minting**: YBTC can only be minted through the official [Bitlayer BitVM Bridge](https://bitvmbridge.bitlayer.org/home). This bridge is built on the BitVM2 paradigm, inheriting its trust-minimized properties. +- **Native Multi-Chain Asset**: Leveraging the bridge's advanced architecture, YBTC is designed as a multi-chain asset. Support begins with Ethereum and will expand to other blockchains, including: + - **Layer 1s**: Cardano, Sui, Plume, Sonic, Solana, and more. + - **Layer 2s**: Bitlayer Network, Base, Arbitrum, Starknet, and others. +- **DeFi Ready**: As an ERC-20 compliant token, YBTC integrates seamlessly into the vast ecosystem of decentralized applications (DeFi). + +![YBTC](/img/BitvmBridge/introduction/yield.png) + +## The Security of YBTC + +YBTC’s design establishes it as one of the most secure bridged Bitcoin assets available. Its integrity is not based on trusting a centralized custodian but on a verifiable, trust-minimized system. + +The underlying BTC is locked in a BitVM-style smart contract on the Bitcoin network. The rules for withdrawal are predefined within a pre-signed transaction graph, making the process transparent and predictable. This system is secured by a set of attesters, and thanks to the cryptographic design, collusion to steal the locked BTC is prevented as long as at least one attester remains honest. + +This robust mechanism maintains a **strict 1:1 peg with BTC**. A unit of BTC can only be withdrawn from the smart contract after a corresponding YBTC token has been burned on its respective chain, guaranteeing that every YBTC in circulation is fully backed. + +## YBTC for Users + +Bitlayer and its partners are building a robust, YBTC-centric yield market. YBTC holders can participate in a variety of DeFi applications to generate returns on their Bitcoin: + +- **Lending**: Use YBTC as collateral in lending protocols to borrow assets or earn interest. +- **Decentralized Exchanges (DEXs)**: Provide liquidity or trade YBTC efficiently across decentralized markets. +- **Staking**: Stake YBTC in supported protocols to earn rewards and contribute to network security. + +## YBTC for Applications + +YBTC offers significant advantages for developers and protocols building on-chain applications: + +1. **Reliable BTC Liquidity**: For applications that require dependable BTC liquidity without the counterparty risk or potential for de-pegging, YBTC is the ideal choice. +2. **Multi-Chain Access**: By integrating YBTC, applications—especially those operating across multiple chains—can seamlessly tap into deep, multi-chain BTC liquidity from a single, secure asset. + +For more information or to connect with our team, join the official Bitlayer Telegram channel: [https://t.me/bitlayerofficial](https://t.me/bitlayerofficial) diff --git a/docs/YBTCFamily/bl_btc_overview.md b/docs/YBTCFamily/bl_btc_overview.md index b0e68685e..e662da9dd 100644 --- a/docs/YBTCFamily/bl_btc_overview.md +++ b/docs/YBTCFamily/bl_btc_overview.md @@ -5,7 +5,7 @@ sidebar_label: Bitlayer Native BTC # Bitlayer Native BTC Asset: Overview & Technical Characteristics -**Bitlayer Native BTC** is a natively integrated, Bitcoin-pegged asset that exists directly at the protocol level within the Bitlayer Layer 2 blockchain. Unlike traditional ERC-20-style wrapped tokens, this asset is implemented as a first-class system currency—akin to ETH on Ethereum or BTC on the Bitcoin mainnet. +**Bitlayer Native BTC** is a natively integrated, Bitcoin-pegged asset that exists directly at the protocol level within the Bitlayer Network. Unlike traditional ERC-20-style wrapped tokens, this asset is implemented as a first-class system currency—akin to ETH on Ethereum or BTC on the Bitcoin mainnet. It serves two primary purposes: diff --git a/docs/YBTCFamily/ybtc_family.md b/docs/YBTCFamily/ybtc_family.md new file mode 100644 index 000000000..e8846dd91 --- /dev/null +++ b/docs/YBTCFamily/ybtc_family.md @@ -0,0 +1,10 @@ +--- +sidebar_position: 1 +sidebar_label: YBTC Family +--- + +# The YBTC Family + +- **Bitlayer Native BTC**: The native, Bitcoin-pegged asset for Bitlayer Network V1. It is integrated directly at the protocol level, functioning as a first-class system currency similar to ETH on Ethereum or BTC on the Bitcoin mainnet, rather than as a traditional ERC-20-style token. +- **YBTC.B**: A wrapped token representation of Bitlayer Native BTC. +- **YBTC**: A next-generation, trust-minimized Bitcoin-pegged asset. Positioned as the future of Bitcoin within the DeFi ecosystem, YBTC is slated to become the native currency for the upcoming Bitlayer Network V2 and V3 upgrades. diff --git a/static/img/BitvmBridge/introduction/roadmap.png b/static/img/BitvmBridge/introduction/roadmap.png index 184096490..920b7d819 100644 Binary files a/static/img/BitvmBridge/introduction/roadmap.png and b/static/img/BitvmBridge/introduction/roadmap.png differ diff --git a/static/img/BitvmBridge/introduction/roadmap1.png b/static/img/BitvmBridge/introduction/roadmap1.png deleted file mode 100644 index 8deb30ded..000000000 Binary files a/static/img/BitvmBridge/introduction/roadmap1.png and /dev/null differ diff --git a/static/img/BitvmBridge/introduction/yield1.png b/static/img/BitvmBridge/introduction/yield1.png deleted file mode 100644 index f5fcff182..000000000 Binary files a/static/img/BitvmBridge/introduction/yield1.png and /dev/null differ