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Title: oBTC and BoringDAO Post by: Enki_BOR on December 12, 2020, 07:08:00 PM Website: https://app.boringdao.com/ What is oBTC? oBTC (ERC-20) is the BTC-backed token issued on Ethereum by BoringDAO. BoringDAO is a decentralized asset bridge that uses tunnel mechanism to move tokens cross different chains. BOR is the governance token that can be farmed through mint mining and liquidity farming (boring farm). For example, you can deposit your BTC to a multi-sign wallet to become a minter and issue the corresponding oBTC on Ethereum. 30% of BOR will be distributed through Mint Mining. The newly issued oBTC is backed by your BTC deposit and the additional BOR token staked in the contract layer by pledgers. What is BoringDAO? BoringDAO is a decentralized asset bridge that uses tunnel mechanism to move tokens cross different chains. BOR is the governance token that can be farmed through mint mining and liquidity farming (boring farm). For example, you can deposit your BTC to a multi-sign wallet to become a minter and issue the corresponding oBTC on Ethereum. 30% of BOR will be distributed through Mint Mining. The newly issued oBTC is backed by your BTC deposit and the additional BOR token staked in the contract layer by pledgers. You can also use bToken, BOR LP Token, bToken LP Token, and Tunnel Pledge Token to farm BOR. 30% of BOR will be distributed through Boring Farm. The latest public audit reports are provided by PeckShield. Team has open profile. |