DFBTC aims at resolving the problem of BTC across-chain, decentralized and distributed anchoring hosting. What officials did early on was to enable Ethereum cross-chain network and issue a standard digital asset of ERC 20, then adopt a dual revenue approach and transfer the high quality of BTC to the Ethereum and other chains.
DFBTC anchors the BTC at a rate of 1:10000. Adding BTC cross-chain application through DFBTC，users can choose their own DFBTC to carry out borrowing, digging, swapping and other financial activities.
Brief Introduction of DFBTC DAPP Underlying Protocol
Dapp will provide users with several function services, such as BTC cross-chain, mortgage lending, pools digging, Swapping and so on.
DFBTC Casting
DFBTC anchors the BTC at a rate of 1:10000. BTC is completely kept by the node. However, the keeping service of the node is only provided in the required network when users has pledged more than 150% of their assets.
Manufacturing Process
DFBTC release
DFBTC holders have the right to choose releasing DFBTC in order to obtain BTC, and then the node will transfer BTC to DFBTC holders.
Apply for guarantee node
The users who want to apply for guarantee node need to hold 10000 pieces of Aom to participate. For Guarantor node, any quality ERC20 assets can be used as backed-assets. Platform V1 version opens ETH , USDT, USDC, DAI four kinds of assets as backed-assets. 150% of backed-assets can custody 100% of BTC assets.
Node Returns
There are three kinds of node returns
1. The safekeeping fee, casting and release charge generated by the node.
2. Fixed income
3. The interest generated by providing required users with lending node assets as lending.
BTC Storage and Release
Node should return BTC to DFBTC holders within the prescribed time after receiving the release order.
Staking
By pledging DFBTC can obtain AOM and DFBTC
AOM Earnings
AOM is obtained according to the POS hashrate (see Staking POS algorithm for details)
DFBTC Earnings
The DFBTC pledged will be put into the lending pool for account, then users can enjoy the lending interest rate. (see lending algorithm for details)
Lending
DFBTC lending is a perfect multi-purpose lending agreement in which any quality assets are ready to deposit and loan. (to be opened)
Swap (to be opened)
DFBTC Dapp POOLS LP is now open for digging.
There are three kinds of mineral pools: USDT/AOM APY yields as high as 1200%, AOM APY yields 100%, USDT APY yields 400%. Users who provide liquidity will obtain AOM.
The name of mining pools: USDT-AOM AOM USDT
The benefit of each mining pool: AOM
The above mining pools income distribution rules are as follows:
40% of digging earnings may be harvested at any time. (Harvesting method refers to the form “The harvesting revenue method” below)
The remaining parts will be unlocked after the specified date.
Allocation proportion of the first mining pools
About DFBTC
DFBTC aims at resolving the problem of BTC across-chain, decentralized and distributed anchoring hosting.What officials did early on was to enable Ethereum cross-chain network and issue a standard digital asset of ERC 20, then adopt a dual revenue approach and transfer the high quality of BTC to the Ethereum and other chain.
Contact DFBTC Network
Website：https://www.dfbtc.org/
Dapp:https://app.dfbtc.org
Twitter: https://twitter.com/DFBTC
Telegram: https://t.me/DFBTC_Commmunity
Medium: https://dfbtc.medium.com/