What is OmniBTC? OmniBTC was formerly SoWsap. OmniBTC uses Omnichain technology that allows data and assets to transfer across different blockchains seamlessly and securely, improving interoperability. So what is Omnichain? What stands out about the project? Let’s find out with Weakhand.
To understand more about Omnichain, please read the articles below:
- What is Omnichain? Shared Vision of LayerZero, Chainlink & Circle
- What is LayerZero? LayerZero Cryptocurrency Overview
- With CCIP Technology, Chainlink Aims for the Omnichain Trend
OmniBTC Overview
What is OmniBTC?
OmniBTC is a multi-chain DeFi platform that connects all on-chain liquidity using interoperable protocols such as LayerZero, Wormhole, Celer and ChainX… OmniBTC supports many features that allow users to Swap, Lending, Borrowing or Bridge various tokens Decentralized chain built on ecosystem multi-VM with low transaction fees.
OmniBTC uses Omnichain technology to provide users with the best experiences, OmniBTC currently hasSupports 7 Bridges, 20 DEX and More than 14 popular Blockchains. Chains currently supported by OmniBTC are: Ethereum, StarkNet, Optimism, Arbitrum, zkSync Era, Polygon zkEVM, Polygon, Base, Linea, Avalanche, BNB Chain, opBNB, Aptos, Sui.
Features of OmniBTC
- Cross-chain Swap: Users can perform cross-chain swaps seamlessly across multi-VM ecosystems, currently OmniBTC supports both EVM and Move-VM. OmniSwap unify liquidity on every string, users can exchange any token between any supported chains.
- Cross-chain lending/borrowing: Allows users to lend/borrow any asset on any chain, taking full advantage of segmented liquidity, makes lending/borrowing assets easier.
- Cross-chain Bridge: OmniBTC currently supports over 7 bridges (Wormhole, Layerzero, cBridge, Connext Protocol and CCTP…) giving users many options when moving tokens across chains.
Highlights of OmniBTC
- Diverse features with Omnichain: Users can perform Swap, Lending, Borrowing or Bridge Token on many different blockchains supported by OmniBTC such as Ethereum, BNB Chain, Avalanche, Arbitrum,… and even the Bitcoin network.
- High liquidity: With the integration of many DEXs, many Blockchains and Bridges, users can Swap Tokens between many Blockchains with low price slippage and deep liquidity.
- Security: OmniBTC regularly evaluates Bridge risk to secure user assets during the Token Swap process.
- Low transaction fees: Users can perform Swap, Lending, Borrowing or Bridge Token with low transaction fees.
Development Roadmap
Update…
Core Team
Core team OmniBTC currently does not have much information, only very little information on Twitter, such as: Guanghua – CEO, Qinghuan – CTO, Juunee – Head of Market.
Investors
OmniBTC cooperates with major partners, such as: LayerZero, Sui, BNB Chain, Aptos, zkSync, Starknet, Polkadot, ChainX, …
Tokenomics
Update…
Exchanges
Update…
OmniBTC Project Information Channel
- Website: https://www.omnibtc.finance/
- Twitter: https://twitter.com/OmniBTC
- Discord: https://discord.com/invite/RtEYBFAxU8
- Medium:
Summary
OmniBTC is a multi-chain DeFi platform using Omnichain technology, giving users many options: swap, lending, borrowing or bridge tokens with low transaction fees, limited price slippage, and deep liquidity. Currently, OmniBTC has not launched a token, so everyone can experience it to receive the project’s airdrop if any.
The article clarifies what OmniBTC is? Hope this article provides useful information about OmniBTC.
