Bifrost X Glyph Exchange Partnership

Bifrost
Bifrost
Published in
3 min readDec 17, 2024

TL;DR:

  • Bifrost Network, which operates BTCFi to provide liquidity for Native Bitcoin, has collaborated with Glyph Exchange, the Flagship DEX on Core network.
  • This collaboration provides significance in which $BtcUSD is the first CDP (Collateralized Debt Position) on Core, as well as providing more use cases for $BtcUSD in the BTC-fi narrative.
  • Users can now swap $USDC and $BtcUSD on Core through Glyph Exchange’s $BtcUSD <> $USDC pool, as well as earning additional yields by providing liquidity to the pool.

Overview

Bifrost is announcing a strategic partnership with Glyph Exchange!

Through this partnership, Bifrost is building a BtcUSD <> USDC pool on the DEX with the most traffic on Core. Users can mint BtcUSD through BTCFi, trade with $USDC, as well as do liquidity provision.

This alliance is the first step to expand the BTCFi ecosystem along with increasing the $BtcUSD adoption.

$BtcUSD significance on Core

$BtcUSD is the first CDP on Core, the biggest Bitcoin-powered ecosystem measured by TVL and user activities in the BTC-fi narrative. $BtcUSD is going to support many more Core projects alongside the growth of Core.

As $BtcUSD is now officially supported on the Core network, another use case of $BtcUSD provides more significance to this partnership.

A new addition to creating yield through $BtcUSD is now possible on Glyph Exchange, which $BtcUSD has come a step closer to becoming a valuable tool in leveraging the trillion class asset, Bitcoin.

About Glyph Exchange

Glyph Exchange is a decentralized exchange (DEX) built on the Bitcoin-powered Core blockchain, uniquely positioned to cater to the needs of the Bitcoin DeFi landscape. As the Core chain’s flagship DEX, Glyph Exchange serves as a vital trading hub for synthetic BTC assets, offering a robust selection of Bitcoin trading pairs.

The platform integrates advanced features such as ve(3,3) tokenomics and Algebra Integral (V4), along with a new technical standard for user-generated assets (UGA) powered by inscription technology. This innovative approach not only facilitates seamless trading experiences but also empowers users to create and manage their own assets effectively.

Glyph Exchange operates with a strong backing from a network of prominent venture partners, including Core Ventures, Marin Ventures, CMS Holdings, Decubate VC, Monday Capital, NxtGen Capital, DEXtools VC, and X Ventures. This extensive support underscores Glyph Exchange’s credibility and its potential as a leader in the BTC-fi ecosystem.

With a commitment to transparency and user empowerment, Glyph Exchange is rapidly evolving as an integral bridge between institutional Bitcoin holders and the broader DeFi ecosystem. Through its unique offerings and strategic partnerships, Glyph Exchange is set to redefine the utility of Bitcoin in decentralized finance.

About Bifrost

BTCFi, powered by Bifrost Network’s cross-chain technology, is a pioneering Bitcoin asset management service that bridges Bitcoin with multichain ecosystems. As the foremost native-Bitcoin collateralized debt position (CDP) protocol, BTCFi empowers users to unlock liquidity without selling their Bitcoin. With BTCFi, users can stake Bitcoin to mint $BtcUSD, a Bitcoin-backed stablecoin, while enjoying a low, fixed interest rate of 3.5% and maintaining exposure to Bitcoin’s value. Offering features like a 50% over-collateral ratio and the ability to earn a stable annual yield of 2–3% in native BTC, BTCFi redefines Bitcoin’s utility.

Conclusion

With this partnership, Bifrost is taking a step towards expanding the global adoption of $BtcUSD beyond the Bifrost network.

As the only Native Bitcoin-backed CDP, Bifrost’s BTCFi showcases sufficient competition to provide Bitcoin DeFi for on-chain users.

As more and more people use $BtcUSD, Bifrost’s $BtcUSD will become easier and easier to use.

Please continue to support Bifrost and its blueprint for BTCFi.

Find out now on Glyph Exchange: Glyph Exchange V4 | Bitcoin-powered DEX on Core DAO

Contact Us

BTCFi: BTCFi — Maximize your Bitcoin earning

Website: Bifrost Network

X: BIFROST (@Bifrost_Network) on X

Discord: Join the Bifrost Network Discord Server!

--

--

Bifrost
Bifrost

Published in Bifrost

Bifrost is the ultimate cross-chain L1 blockchain welcoming all DApps! www.bifrostnetwork.com

Bifrost
Bifrost

Written by Bifrost

Bifrost is the ultimate cross-chain L1 blockchain welcoming all DApps! www.bifrostnetwork.com

No responses yet