Portal and Ordiswap Announce Partnership to Extend Bitcoin’s DeFi Ecosystem
In a landmark development for the decentralized finance (DeFi) on Bitcoin, Bitcoin-based Automated Market Maker (AMM) Ordiswap — fresh off its December $3.4M raise — is thrilled to announce an integration partnership with Portal Swaps SDK, the first Layer 2, cross-chain atomic swap-based AMM built on Bitcoin.
This collaboration will revolutionize liquidity dynamics by enabling cross-chain swaps between Bitcoin, Ethereum L1 and L2 assets, with Ordiswap’s innovative BRC-20 & Ordinals market.
Ordiswap’s Innovative Technology Meets Portal’s Secure L2, Cross Chain DEX
OrdiSwap’s AMM for Bitcoin-based BRC-20 tokens integrates off-chain server management with BRC-20’s unique tokenization capabilities. By integrating Portal Swaps SDK, Ordiswap’s AMM will have enhanced cross-chain swap capabilities.
The partnership will capitalize on Ordiswap’s core products:
Ordiswap introduces the first BTC-native AMM, offering users a choice between a Layer 1 infrastructure with an off-chain balance state or a fully decentralized Layer 2 option. Ordiswap is backed by Genblock Capital, Monday Capital, In Square Ventures, X Ventures, D64 Ventures, Rana Capital, DWF Labs, Pleb Capital, HSC, UDAO, InshallahDAO & more.
Portal’s Bitcoin-based cross-layer, cross-chain, L2 atomic Swaps SDK brings the broader market’s multi-chain liquidity to Ordiswap’s innovative products, heralding Bitcoin’s long-awaited DeFi evolution, without the risk of custodians, bridges or wrapping.
DeFi accessibility across EVM-based and Bitcoin-based Assets
This partnership represents a significant step in enhancing DeFi protocols on the Bitcoin network. Combining Portal’s robust security & groundbreaking bridgeless swaps with Ordiswap’s innovative technology, the collaboration sets new benchmarks in decentralized exchange platform security and operational efficiency.
While $ORDS, Ordiswap’s primary digital asset is ERC-20 Ethereum-based, Ordiswap’s upcoming token, $REOS, is a Bitcoin inscription-based BRC-20. Despite Ethereum and Bitcoin’s incompatibility, Portal Network can allow for direct trading between REOS and ORDS, or between other assets on different chains — and even BTC itself — all in one click.
The Path Forward
Pseudonymous founder of Ordiswap Labs, Gransax, shared his optimism: “We are excited to integrate Portal Swaps and their secure, seamless cross-chain atomic swapping solution between Layer 1 and 2 assets on both Bitcoin and Ethereum. Through this partnership, Ordiswap envisions vast possibilities opening up for a bright, interoperable Bitcoin DeFi future.”
Chandra Duggirala, CEO of Portal, expressed his excitement: “The integration into Ordiswap signifies a major leap in the Bitcoin DeFi ecosystem. Ordiswap’s approach to liquidity on Bitcoin’s network, combined with Portal Swap SDK’s security and cross-chain capabilities, unlocks new potential in DeFi on Bitcoin. We’re eager to see how this synergy will drive innovation and user empowerment.”
About Portal
PortalDeFi.com, established by seasoned Bitcoin and AI engineers, is committed to promoting financial self-sovereignty. The Portal Cross-Chain Atomic Swaps DEX Network, is the first L2 atomic swap solution for cross-chain liquidity. Built on Bitcoin, it rivals the efficiency of centralized exchanges while mitigating the risks associated with bridges, wrappers, and CEXs.
About Ordiswap
Ordiswap leads the forefront of DeFi innovation with its dynamic AMM infrastructure for Bitcoin’s native layer. By integrating off-chain server management with BRC-20 tokenization, Ordiswap sets new standards for liquidity and direct trading on Bitcoin’s network.
For more information, please contact: general@ordiswap.fi
This press release is for informational purposes only and should not be considered as an endorsement or investment advice.
