, a leading web3 innovation team, has launched OmniZK, a secure validation protocol for Bitcoin that enables developers to create complex, interoperable DeFi applications by shifting complex logic onto EVM networks and relay verified outcomes with zkOracles. The protocol’s modular design allows non-custodial, decentralized contracts to be settled natively on the Bitcoin network in a secure.
With the OmniZK SDK, developers can easily build and deploy DLC applications that utilize verified event data from any EVM network for contract settlement finality on Bitcoin. This empowers various interchain Bitcoin use cases, including non-custodial BTC liquid staking, cross-chain Bitcoin DeFi markets, decentralized asset bridges, and omnichain liquidity management.
An example can be an application that issues a chain-agnostic wrapped BTC asset that can be freely minted, burned or transferred, without having the underlying BTC being custodied on a L2 multi-sig bridge.
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