Unveiling TUTTI: The First DApp on Ferrum Network Set to Transform BTC Liquidity
It has been a long time coming! At Ferrum Labs, we are thrilled to finally announce something that has been eagerly anticipated: the launch of the first DApp on the Ferrum Network. This milestone marks the beginning of an exciting journey towards building what we believe will become one of the most robust ecosystems in all of Web3.
We are immensely grateful and honored to collaborate with such a talented team behind this innovative project. Without further ado, we are proud to introduce TUTTI, the inaugural ecosystem project leveraging the Ferrum Network’s interoperability through our Quantum Portal infrastructure.
What is TUTTI?
TUTTI is a cross-chain Bitcoin liquidity market that allows native Bitcoin to be used on EVM chains without requiring a bridge. This platform enables $BTC holders to earn yields through a myriad of opportunities available on EVM chains.
With features like leverage and the Auto Margin Trading Strategy solution, as well as interest-free Bitcoin loans made possible through Ferrum Network’s Quantum Portal technology, TUTTI is poised to make significant waves in the BTCFi ecosystem. It empowers users to unlock the potential of otherwise idle liquidity and generate yield.
Features
- Leverage Strategies like Reflexive Looping — Deposit BTC, borrow ETH, stake ETH, restake ETH, and repeat the process. This strategy allows for continuous leveraging to maximize returns.
- Enable Yield for Bitcoin — Deposit BTC and borrow liquid (re)staking tokens, enabling you to earn yield without needing to sell your Bitcoin. This approach allows for effective asset utilization.
- Unlock Cross-Chain Liquidity Without Bridges — Deposit BTC and borrow USDC on EVM chains. This method facilitates seamless access to cross-chain liquidity without the need for bridges.
- Auto Margin Trading Strategy — Deposit BTC, borrow ETH, and utilize Gearbox for margin trading or liquidity provisioning with just one click. This streamlined process enhances your trading capabilities and liquidity options.
How does it work?
At the core of TUTTI is ttBTC, a decentralized and trustless ERC-20 representation of Bitcoin. This token can be utilized as collateral and used for a wide range of DeFi use cases. The issuance of ttBTC is managed by the validators of the Ferrum Network via Ferrum’s Quantum Portal multichain messaging engine.
When Bitcoin is moved to or from a special Taproot address — controlled by a multisig without a spending key and managed through decentralized consensus — ttBTC is minted or burned, ensuring a seamless and secure process.
$TUTTI Utilities and Economy
- 💰 Get Paid to Borrow and Deposit: Users will earn $TUTTI through airdrops designed to bootstrap growth and reward early adopters.
- 🔥 Burn Mechanism: The $TUTTI fee mechanism will incorporate buy-and-burn strategies to enhance token value.
- 🏦 HODL and Save: Stake $TUTTI and share in 100% of protocol revenue.
Team Behind TUTTI
Chris Brookins
Chris has 15 years of experience leading early-stage business development and machine learning teams, with the last 4 years focused on DeFi. He co-founded RociFi Labs, a Blockchain and Machine Learning development company that created RociFi (recently merged with Gora Network), an under-collateralized lending and on-chain credit scoring protocol powered by machine learning on Polygon & zkSync; as well as RA, an on-chain wallet analytics platform. Prior to RociFi Labs and Gora, Chris was the founder and CIO of Valiendero Digital Assets, a machine-learning-based crypto hedge fund specializing in directional strategies for large-cap liquids. He earned his MBA from Carnegie Mellon with a specialization in Data Analytics and Entrepreneurship.
“Ferrum is looking to be at the forefront of the BTCFi revolution which makes us very excited to partner with them on bringing Tutti to market.”
— Chris Brookins, Co-Founder and CEO at TUTTI
Pavel Emdin
Based in Berlin, Pavel brings 22 years of experience in software engineering, including 10 years of leading engineering teams, with 7 of those years in the crypto space. He has led teams at two Berlin unicorns, Auto1 and Delivery Hero, and co-founded RociFi, a capital-efficient lending protocol on Polygon + ZkSync, as well as Ego.jobs, an anonymous recruitment platform, Gora Networks, an omnichain Web3 oracle, and Bitcannery, an on-chain social recovery tool.
What does this mean for Ferrum?
This is a significant milestone for Ferrum Network. As a true multichain lending and borrowing platform that leverages BTC, TUTTI is a groundbreaking project. It is unique because, prior to Ferrum Network, there was no existing infrastructure capable of supporting it. This launch represents the first of many innovative projects that can now emerge thanks to Ferrum Network’s capabilities.
TUTTI is paving the way for other developers to build on the Ferrum Network, serving as a prototype for what a true multichain dApp can achieve. It will not only demonstrate the versatility of multichain applications but also showcase the value that Ferrum Network brings to the Web3 ecosystem.
In Conclusion
“We are thrilled at Ferrum Labs to introduce the first DApp on the Ferrum Network! Lending and borrowing are essential components of any DeFi ecosystem and serve as vital building blocks for unlocking liquidity. The fact that TUTTI utilizes Quantum Portal to leverage native state EVM BTC and enhance liquidity is an excellent demonstration of the innovative use cases that Ferrum Network enables.”
— Taha Abbasi, Chief Technology Officer at Ferrum Labs
About Ferrum Network
Ferrum is Pioneering Interoperability 2.0 — a new era of interconnected blockchains. Powered by a multichain messaging engine known as Quantum Portal, Ferrum Network’s mainnet will bring value, data, and functional interoperability to every chain in the industry.
Utilize Ferrum Network to build and deploy solutions on one network and instantly enable multichain functionality without the burden or technical debt that comes with managing a multichain infrastructure.
