General-Layer BTC (GL-BTC)
Core features of Dolar Protocol
Dolar Protocol is built around a few key features that distinguish it from other cryptocurrency platforms. These include cross-chain messaging, single-sided liquidity, and a high-performance public chain.
| Ticker | GL-BTC |
| Category | BEVM Ecosystem |
| Website | https://www.omnibtc.finance/ |
| @OmniBTC | |
| Contract Addresses | |
|---|---|
| bevm | 0xd8...09 |
Cross-chain messaging
Cross-chain messaging is a fundamental component of Dolar Protocol. It allows for the seamless transfer of information and value between different blockchain networks. This capability is crucial for achieving interoperability, which is the ability for different blockchains to communicate and work together. By facilitating cross-chain interactions, Dolar Protocol can aggregate liquidity from multiple sources, enhancing the overall efficiency and utility of the network.
Single-sided liquidity
Single-sided liquidity is another innovative feature of Dolar Protocol. Traditional liquidity provision often requires users to deposit pairs of assets, which can expose them to the risk of impermanent loss if the relative prices of the assets change. With single-sided liquidity, users can provide liquidity using just one type of asset, reducing complexity and risk. This approach simplifies the process for liquidity providers and contributes to the overall robustness of the liquidity pool.
High-performance public chain
The high-performance public chain utilized by Dolar Protocol ensures that transactions are processed quickly and efficiently. This capability is essential for maintaining the network's ability to handle a high volume of transactions without delays or bottlenecks. The public chain's performance is a critical factor in achieving the protocol's goal of low-slippage and permanent loss-free liquidity integration.
GLBTC: The token of Dolar Protocol
GLBTC, or General-Layer BTC, is the token that unites different formats of Bitcoin (BTC) within the Dolar Protocol. It plays a central role in reducing transaction friction and supporting omni-chain liquidity.
Role of GLBTC
GLBTC serves as the unifying token within the Dolar Protocol, allowing for seamless interaction between various forms of BTC. By bridging different BTC formats, GLBTC ensures that users can transact across different blockchain networks without encountering the usual barriers associated with cross-chain transactions.
Reducing transaction friction
One of the primary objectives of GLBTC is to minimize transaction friction. In the context of cryptocurrencies, transaction friction refers to the obstacles and inefficiencies that can arise during the process of transferring assets. By providing a unified token, GLBTC simplifies the transaction process, making it more efficient and user-friendly.
Enabling omni-chain liquidity
Omni-chain liquidity refers to the ability to access and utilize liquidity across multiple blockchain networks. GLBTC facilitates this by acting as a common denominator for Bitcoin transactions within the Dolar Protocol. This capability enhances the liquidity available to users and increases the flexibility and utility of the protocol.