🌍Overview

Overview of the Protocol

Key Components

ORBK Token

Our ERC20 token on the Ethereum network serves as the backbone for governance and operational activities within our protocol. It allows holders to participate in crucial decision-making processes and interact with various protocol features.

Discreet Log Contracts (DLC)

DLCs are used to lock satoshis on the Bitcoin network. These locked satoshis act as collateral, enabling the borrowing of stablecoins on Ethereum or other assets on L1 Bitcoin, thus providing a secure foundation for our lending solutions.

Decentralised Oracles

ensure accurate and tamper-resistant pricing for assets, our protocol employs decentralised oracles. These oracles aggregate price data from major exchanges, feeding reliable information into our system for critical operations such as loan issuance and liquidations.

OrdiBank Network

At the heart of our protocol is the OrdiBank accounting layer, which acts as the central ledger. This layer meticulously records all transactions, manages the state of loans and collaterals, and ensures the integrity and security of cross-chain interactions

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Target Assets

our protocol specifically targets two primary asset classes:

Bitcoin

No Intro needed.

BRC20/Runes/Atomicals

These assets represent a diverse range of tokens and digitised items on the Bitcoin network. By using these assets as collateral, we tap into a new market of value holders who wish to leverage their investments without liquidating them.

Stablecoins (e.g, USDC) on Ethereum:

Stablecoins provide the necessary stability and liquidity for the borrowing side of our protocol. They are essential for users who need predictable and stable value during their borrowing period.

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This innovative approach not only bridges two of the most prominent blockchain networks but also opens up a new realm of possibilities for asset management and financial operations in the decentralised world. Through this documentation, we aim to guide you through the details of our protocol, ensuring a clear understanding of its operations and benefits.