What is U Protocol?
U Protocol is pioneering BitcoinFi on Layer 2s and Solana through its flagship product, uBTC. As a Decentralized Omnichain BitcoinFi Protocol, its goal is to leverage Bitcoin's value as non-sovereign money and extend its utility across diverse blockchain ecosystems. Central to its innovation is uBTC, a decentralized Bitcoin for Layer 2s backed by Lido’s Wrapped Staked Ether and BTC.b.
While Arbitrum serves as the protocol's base, uBTC seamlessly integrates across various blockchain networks, thanks to LayerZero's technology. The roadmap focuses on establishing uBTC as a premier DeFi store of value and expanding its ecosystem with additional BitcoinFi products and services, ultimately creating a permissionless infrastructure for community-driven innovation.
How does U Protocol support the Bitcoin ecosystem?
- EVM Compatibility: U Protocol enables Bitcoin to seamlessly integrate with the Ethereum Virtual Machine (EVM) and its surrounding ecosystem, enhancing compatibility and interoperability between the two networks.
- Decentralized BTC Layer 3: U Protocol is designed to enhance the Bitcoin ecosystem by facilitating EVM compatible, BTC denominated, blazing fast blockchain.
What are the top dApps on U Protocol?
Click on each dApp to explore projects integrated with U Protocol.
What are the main use cases that U Protocol supports?
- DeFi
- Staking
- Lending and Borrowing
