Jiritsu <> Master Protocol
We are thrilled to announce our latest integration with Master Protocol, a user and asset aggregator deeply integrated into the BTC ecosystem. This collaboration integrates Jiritsu’s zkMPC technology to enhance security and transparency for Master Protocol’s Liquid Staking assets, and enabling advanced DeFi integration.
Jiritsu is the trustless operating system for verifying financial work-flows. We are expanding the capabilities of any and all blockchain and this partnership marks a significant step towards reinforcing the security and functionality of the overall BTC ecosystem.
Partnership Model
Master Protocol’s Liquid Staking solution allows users to earn yield on their staked Bitcoin without sacrificing liquidity. However, to ensure the integrity of these staked assets, an independent third-party verification is crucial. This is where Jiritsu’s zkMPC verifiers can play a pivotal role.
- Enhanced Security and Transparency: Jiritsu’s zkMPC verifiers can provide a secure and transparent mechanism to prove the reserve of Master Protocol’s Liquid Staking assets. This will instill trust among users and strengthen the overall security of the ecosystem.
- Expanded DeFi Integration: Jiritsu’s capabilities can be integrated into Master Protocol’s DeFi offerings, enabling more advanced financial products and services. This could include automated verification for lending, borrowing, and other DeFi activities.
- Future Integration: Jiritsu Network will also explore introducing relevant yield-bearing token asset managers to the Master Yield Platform, expanding yield opportunities for users and enhancing liquidity for more tokenized assets.
Master Protocol
Master Protocol is set to become a one-stop BTC-Fi platform, providing comprehensive product offerings across the Bitcoin ecosystem’s value chain. Their mission is to advance the Bitcoin ecosystem by enhancing the liquidity and utilization of Bitcoin assets, delivering innovative solutions that cater to diverse investment needs.
Master Protocol’s Key Products
Master Yield Platform: The One-Stop Yield Platform for LSD-Fi is designed to offer genuine yields to users by consolidating various yield-bearing assets within the Bitcoin ecosystem.
The platform packages these assets into MSY (Master Standardized Yield) and segments them into MPT (Master Principal Token) and MYT (Master Yield Token) for seamless trading. Users can engage with MPT and MYT using LSD, USDT, ETH, or WBTC, maximizing the yield potential of their Bitcoin-based assets.
Master Liquid Staking: The protocol is tailored for the Botanix Spiderchain design, facilitating LSD issuance and applications with boosted rewards. This protocol is set to unlock new avenues for Bitcoin holders to maximize their yields and engage in a more dynamic and rewarding financial ecosystem.
Starting in July, Master Protocol will host the Master BTC Summer Initiative. This initiative is designed to offer users seamless and rewarding ways to participate in the BTC ecosystem through our innovative products: the Master Yield Plan and Master Bot.
About Jiritsu Network
Jiritsu Network is a pioneering trustless operating system designed to verify financial workflows through proprietary zkMPC (Zero-Knowledge Multi-Party Computation) technology. Our technology ensures tamper-proof verification for complex workflows, essential for tokenizing real-world assets and automating financial processes. Jiritsu integrates unlimited verifiable compute, automation, and data, extending the capabilities of any blockchain and marketplace.
Conclusion
Through this partnership with Master Protocol, it enables Jiritsu Network’s commitment to revolutionizing financial workflows with cutting-edge zkMPC technology. By integrating our innovative verification solutions, we enhance the security and transparency of Master Protocol’s Liquid Staking assets, paving the way for broader adoption and trust within the BTC ecosystem. This collaboration not only strengthens the infrastructure of Bitcoin-based financial products but also sets a new standard for decentralized finance, fostering a more resilient and inclusive financial future.
