LeverFi, a pioneering team in web3 innovation, has introduced OmniZK, a robust validation protocol tailored for Bitcoin. This groundbreaking protocol empowers developers to craft intricate and interoperable DeFi applications by offloading complex logic onto EVM networks and transmitting verified outcomes with zkOracles.
With its modular architecture, OmniZK facilitates the settlement of non-custodial, decentralized contracts directly on the Bitcoin network in a secure manner.
OmniZK: Revolutionizing Bitcoin DeFi and Complex Logic
Bitcoin’s scripting language, known for its Turing-incomplete nature, has traditionally posed challenges for developing sophisticated applications on its network, particularly in the realm of decentralized finance (DeFi).
OmniZK addresses this limitation by providing a flexible framework for building conditional, non-custodial Discreet Log Contracts (DLCs) secured by event proofs generated through zkOracles. OmniRelayers, operating within a Trusted Execution Environment, are restricted to transmitting and signing verified event outcomes, ensuring robust security for contract settlement within the Bitcoin network.
With the OmniZK SDK, developers can seamlessly create and deploy DLC applications that leverage verified event data from any EVM network to achieve contract settlement finality on Bitcoin. This unlocks a myriad of interchain Bitcoin use cases, including non-custodial BTC liquid staking, cross-chain Bitcoin DeFi markets, decentralized asset bridges, and omnichain liquidity management.
Charissa K, Head of Developer Relations at LeverFi, remarks, “OmniZK marks a significant advancement in Bitcoin DeFi and interoperability. By facilitating secure, non-custodial contracts settling natively on the Bitcoin network and offering an alternative to centralized bridges, we’re ushering in a new era of opportunities for Bitcoin developers and users.”
LEVER Staking Program and Advantages
The LeverFi ecosystem, encompassing the OmniZK protocol, operates on LEVER, its ecosystem token available on major global exchanges such as Binance, Bybit, Bithumb, and Gate.
OmniRelayers interested in contributing to the security, operation, and governance of the OmniZK network can stake LEVER to become operators, earning staking rewards and contract gas fees. Additionally, there will be a delegation program enabling users to stake with validators and reap the benefits of LEVER staking.
In addition to staking rewards, LEVER offers various perks, including exclusive access to the LeverPro launchpad for promising Bitcoin DeFi projects and reduced fees on the EVM-based non-custodial swap platform.
LeverFi encourages developers and validators to explore the potential of OmniZK and embark on building the next generation of Bitcoin DeFi applications.
