Ordiswap (ORDS): The First AMM on the Bitcoin Network
What is Ordiswap (ORDS)?
Ordiswap is the first AMM designed for the Bitcoin blockchain. It aims to bring decentralized trading and liquidity provision directly to Bitcoin's native layer. Developed by a team with a keen eye for technical brilliance, Ordiswap supports many token standards on the Bitcoin network, including BRC-20 and SRC-20, marking a significant advancement in DeFi for the Bitcoin ecosystem.
How Ordiswap (ORDS) Works
Ordiswap employs a modular architecture with core modules such as:
● Swap Module that facilitates the exchange of various tokens on Bitcoin's native layer.
● Liquidity Module that allows users to contribute funds to liquidity pools and earn fees in return.
● Indexing Module that optimizes data access, enabling faster query responses, and overall protocol efficiency.
● Oracle Module utilizes a synthetic oracle mechanism to provide accurate and up-to-date pricing information for assets on the platform.
This modularity enhances flexibility, scalability, and maintainability, allowing seamless integration of new features and improvements.
osAMM - Ordiswap's Automated Market-Making
At the heart of Ordiswap's functionality is its Automated Market-Making (AMM) framework. Unlike traditional AMMs, Ordiswap operates on Bitcoin's robust layer 1, eliminating the need for auxiliary layers. The off-chain server manages trades, liquidity provision, and dynamic AMM parameters. Users can trustlessly exchange various tokens directly on Bitcoin's native layer.
Off-Chain Balance States
Ordiswap's innovative approach introduces off-chain balance states, eliminating dependencies on Layer-2 solutions and centralized exchanges. This not only enhances scalability but also ensures the security and privacy of transactions. The off-chain settlement mechanism, coupled with periodic on-chain settlements, maintains a robust connection with Bitcoin's blockchain, providing users with a fast and trustless trading experience. The off-chain server also aggregates with several oracles to obtain real-time price feeds for BRC-20 tokens, which is crucial for maintaining accurate pricing information.
ORDS Tokenomics
ORDS is the interoperable utility token of Ordiswap. It facilitates community-driven decisions through voting and governance. Since ORDS are available on both Ethereum and Bitcoin, developers leverage its dual-network compatibility to unlock value accrual via platform fees, incentivize Bitcoin-native liquidity providers, and power swaps on Ordiswap. ORDS positions itself as the go-to token for decentralized utility, bridging Bitcoin and Ethereum with a developer-centric approach.
ORDS Goes Live on Bitget
With Ordiswap pioneering the first AMM on the Bitcoin network, trading ORDS provides users with a direct and efficient channel to access the innovative world of DeFi on Bitcoin.
Since January 5, you can trade ORDS on Bitget, a leading and secure crypto exchange.
From January 5, 11:00 to January 12, 11:00 (UTC) , you can join a limited-time event with a total prize of $2,000 worth of ORDS.
How to Trade ORDS on Bitget
Step 1: Go to ORDSUSDT spot trading page
Step 2: Enter the amount and the type of order, then click Buy/Sell.
For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading .
Ordiswap stands out in the crowded DeFi space for several reasons. Firstly, its commitment to operating directly on Bitcoin's native layer sets it apart from projects relying on auxiliary layers. The integration of the BRC-20 standard showcases a thoughtful approach to supporting tokenization on Bitcoin. The off-chain balance states not only enhance scalability but also maintain user custody throughout the swap and utilization processes. As Ordiswap pioneers advancements on Bitcoin's native layer, it invites users to participate in the evolution of DeFi on the Bitcoin network.
Trade ORDS on Bitget now!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
