APRO INFO FLOW – Bitcoin Chat with BounceBit Eco

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This space is hosted by APRO_Oracle

Space Summary

The Twitter space in the Alpha Group niche focused on tokens, DeFi ecosystems, and Bitcoin DeFi projects. Participants discussed the demand for BBTC and BBUsD, rewards mechanisms, and the potential market value of Etherdam’s DeFi ecosystem. The conversation highlighted support for Bitcoin DeFi projects and expressed optimism for the future of the space.

Questions

Q: What were some of the key tokens discussed in the space?
A: BBTC, BBUsD, and tokens related to Alpha projects were among the key tokens discussed.

Q: How do rewards differ based on token activities within the ecosystem?
A: Rewards varied based on activities such as bridging tokens and LP participation, offering different incentives for users.

Q: What was the anticipated market value of Etherdam’s DeFi ecosystem?
A: The anticipated market value of Etherdam’s DeFi ecosystem was projected to exceed 50 billion.

Q: How important are BBTC and BBUsD for network activity and TVL?
A: BBTC and BBUsD were deemed important for network activity and Total Value Locked (TVL) within the ecosystem.

Q: What initiatives were discussed to support Bitcoin DeFi projects?
A: Initiatives to support Bitcoin DeFi projects included discussions on rewards, airdrops, and ecosystem growth strategies.

Highlights

Time: 00:10:55
Discussion Introduction, Introducing key attendees and topics at the beginning of the discussion.

Time: 00:13:03
Bouncebit’s Goal: Bridging CeFi and DeFi, Explanation of Bouncebit’s vision to bridge traditional finance (CeFi) and decentralized finance (DeFi).

Time: 00:14:16
ZK Link Nova’s Technical Solutions, Overview of ZK Link Nova’s technical solutions and advantages.

Time: 00:19:32
Unique Features of Liao Bank, Discussion on Liao Bank’s unique features and user incentives.

Time: 00:22:39
Emphasis on Security Measures, Explanation of the security measures implemented, including the dual token PoS system.

Time: 00:29:58
User Participation Details, Detailed information on user participation opportunities and potential rewards.

Time: 00:34:19
Upcoming Features Announcement, Announcement of future developments such as cross-chain lending and staking.

Time: 00:37:48
Significance of Liquidity in DeFi, Discussion on the critical role of liquidity in the success of DeFi platforms and its impact on the future.

Key Takeaways

  • Discussion on the demand for BBTC and BBUsD within the ecosystem.
  • Insights into Alpha projects and their expected airdrops.
  • Rewards mechanisms for bridging tokens and LPs on Novaswap.
  • Potential market value of Etherdam’s DeFi ecosystem.
  • Focus on supporting Bitcoin DeFi projects for ecosystem growth.

Behind the Mic

Yeah, bitch, how sugar should you come in? The nigga trader repian guandye it. A it. Michael Texda. Yeah, perfect. Yeah, maybe the space will start in three minutes. Later. Okay, let’s wait for the other guests and your guys official account can join in and maybe we can do more brand exposure. Awesome. Yeah, I think the Zeeklink main accounts already. Insight. Is it insight for you. Hello? Hi, Arel, can you hear me? Yes. Can you give me an okay? Perfect. Awesome. Okay, let’s wait for the other guests. So Pioneer, thank you so much for your time to join our Twitter space. Yeah, yeah, thank you. Yeah. Awesome, awesome. Gonna start right in 30 seconds. Are you perfect? Let’s go. Ready. Okay. Okay. So are you perfect? Okay so yeah, let’s um start with that. So thank you everyone for making the time to join today’s Aprioracle Twitter space. And today I am glad to have our ingenious guests from our respectful ecosystem partners, including DK Lee, co visionary of Ziklin, Colin from Balance Be Protocol and also James from Lair Bank. And today we are going to be talking about a lot of questions related to the Bitcoin ecosystem and related DeFi use cases. So without further ado, I’m just going to give the ground to each of my guests here to introduce themselves. Here we go. Let’s start from Ziklin. Good evening, everyone. DK, co visionary from Ziklin here, a lightning fast universal cross roll of decks built on Zkrollup. Thanks for having us. Hello, this is Colin from Balance B and thanks for hosting us today. Are Oracle team? Looking forward to the great discussion today. Hello, this is James from Lair Bank. Thank you for hosting us today, April, and looking forward to the session. Awesome, awesome. So thank you for all the introduction. Now I will move ahead to a question that has been heard from many of our users. So could you please share more details about your project, like what is the core value of your project? Why did you choose to enter the Bitcoin ecosystem? And also, what are the unique selling points of your project? So we will give it to Zeke Lin first. Okay, thank you, Ariel. Here with ZKLink, our goal is to build a universal cross roll-up dex powered by ZK roll-up technology. Our main value proposition is providing liquidity and trading capabilities across L2s and different roll-ups, making the trading experience seamless and interconnected. By leveraging zero-knowledge proofs, we ensure high security and scalability for our users. We chose to enter the Bitcoin ecosystem because we believe in the power that Bitcoin holds as a foundational layer for the crypto industry. While Ethereum has predominantly been seen as the home for DeFi, we believe that Bitcoin has untapped potential to support similarly robust applications. Our unique selling points include very low transaction fees, high throughput, and strong security guarantees provided by ZK rollups. Additionally, our universal liquidity layer helps aggregate liquidity from multiple sources, enabling users to enjoy minimal slippage and better trading conditions. Thank you. Next, let’s Balance B. Thank you, Ariel for having us here today. At Balance B, our primary goal is to connect more blockchains and layer 2 solutions to allow better asset interoperability. Our unique selling points are the ease of use, low transaction costs, and seamless cross-chain operations. We decided to enter the Bitcoin ecosystem because of its inherent security and it’s a massive user base. Our platform’s unique value is in the straightforward integration with multiple layer 2 solutions, which underscores our commitment to enhancing user experience and promoting broader blockchain integration. Thanks for the intro. I will give the ground to Layer Bank. Okay, yes, Layer Bank and thank you for having me here today. Layer Bank is a lending protocol that has a goal to be the money market for all L2s. Especially these days, we are really interested in the BTC layer 2 ecosystem. So we also started to support some BTC layer 2 assets and chains like B2, Bob, BitLayer, etc. And of course, we are really talking deeply with April. So thanks to April, we are able to go for the new assets. When we list new assets, we can work with them. So that’s a really great part. So the main difference we believe that Layer Bank have right now than other lending protocol is to have fun features that can get more airdrop points by just supplying and borrowing your assets in our platform. And right now we also work really closely with ZKLink, Nova and also we have Balance B assets listed so we are really trying to work hard with our ecosystem partners to leverage this incentives to users to get more. And recently, like just yesterday we just hit 800 million tvl. So like I wish more users can actually go see for our platform and supply and borrow their assets. Thank you. Great. So then pro Oracle is also looking forward to providing more and better service for Layer Bank as soon as possible. And we believe that the synergy between our products will greatly benefit the bitcoin ecosystem. Okay. Yeah. So here I will also briefly show why Aprioracle is positioned this way in the bitcoin ecosystem. Oracles are super important for making more complex applications possible beyond just basic transactions. When we started, there were no oracles in the bitcoin ecosystem. This gap was a unique chance for a Priori to step in and create something that could really boost bitcoin based applications. So we aimed to be the first and now we have achieved it. Okay, thanks again for all the introductions. Move on. The next question. So recently the crypto industry has been reiled with FUD, especially concerning security issues. Giving this context, how does your project ensure security for your users? Let’s ask ZK Link first. Thank you, Ariel. Security is our utmost priority at ZKLink. To ensure that, we’ve implemented various measures including rigorous security audits by third-party firms, continuous monitoring of our smart contracts, and employing zero-knowledge proofs to guarantee the confidentiality and integrity of transactions. Moreover, we follow best practices in coding and have a dedicated team focused on identifying and mitigating any potential vulnerabilities. Thanks for sharing the details. Let’s hear what Balance B does in terms of security. Thanks. At Balance B, we take a multi-layered approach to security. Our platform undergoes regular third-party audits, and we have integrated advanced encryption standards to protect user data and assets. Additionally, we employ multi-signature wallets for added security in fund management. We also run continuous security assessments and have an incident response plan to promptly address any issues that arise. So that’s our approach to maintaining a high level of security for our users. Thank you. Let’s go with Layer Bank. How do you handle security issues? Okay, thank you for the question. At Layer Bank, security is paramount for us. We implement multiple layers of security, including comprehensive smart contract audits and formal verifications. We continuously assess the system’s vulnerability by running bug bounty programs where ethical hackers can identify potential weaknesses. Furthermore, we’ve collaborated with top security firms to audit our codes, ensuring that we meet and exceed industry standards. By implementing these measures, we ensure our users’ assets are always protected and we minimize the risks of potential exploits or attacks. Thanks for the answer. Thank you for sharing all the information. Let’s move on to another question. Recently, the Bitcoin ecosystem has drawn significant attention. With its exponential growth, how does your project plan to contribute to this ecosystem? Zklink, how about you go first? Sure. At ZKLink, our goal is to create an interconnected trading environment that bridges multiple Bitcoin and Ethereum-based layer 2 solutions, allowing liquidity to flow seamlessly across different ecosystems. We believe by providing such interconnectivity, we can enhance the overall user experience and bring more trading volume to the Bitcoin ecosystem. We also aim to work with developers and businesses to expand use-cases that further integrate Bitcoin into the broader DeFi landscape. Okay, thank you. Let’s go with Balance B. Thanks. Balance B is committed to the growth of the Bitcoin ecosystem by offering seamless cross-chain asset management. We work on integrating more Bitcoin Layer 2 solutions into our platform to provide users with a comprehensive suite of asset management tools. Our mission is to make asset transfers and management as effortless as possible, thus contributing to a more efficient and diversified Bitcoin ecosystem. Thanks. Let’s hear Layer Bank’s thoughts. Yeah, sure thing. At Layer Bank, our contribution to the Bitcoin ecosystem is through our lending protocols designed to work seamlessly with Bitcoin’s L2s. We plan to introduce more Bitcoin-backed lending solutions and yield farming options, which can provide users with more choices for utilizing their Bitcoin assets. By collaborating with key players in the Bitcoin ecosystem, we’re aiming to create more user-friendly and secure financial products that democratize access to DeFi services. Great. So thank you very much for the answers from each of you. And our last question for today will be looking into the future. What are the upcoming features or improvements that your project is excited about, especially in the context of the Bitcoin ecosystem? We’ll start with ZKLink again. Thank you, Ariel. For ZKLink, we have several exciting developments on our roadmap. We are planning to introduce advanced trading features like cross-margin trading and options, which will provide more flexibility and opportunities for our users. Additionally, we’re working on integrating more Layer 2 solutions to broaden our liquidity network. In the context of the Bitcoin ecosystem, we are exploring ways to create even more efficient trade settlement mechanisms and improve upon our universal liquidity layer to support asset interoperability between Bitcoin and other blockchain networks. Thanks. Let’s move to Balance B. What’s coming next for you? Thank you. At Balance B, we are focusing on enhancing user experience through improvements in our cross-chain functionalities. We are rolling out a new user interface that makes it easier for users to manage their assets across different chains. Additionally, we are actively working on incorporating more layer 2 solutions to help further decentralize the Bitcoin ecosystem. We are also looking into potential partnerships to expand our offerings and create more utility for our platform’s users. Thanks. Let’s finish with Layer Bank. What upcoming features are you excited about? Thank you for having us, Ariel. Yes, we have some exciting features lined up. We are planning to roll out cross-chain lending and borrowing very soon, which will open up new opportunities for our users to utilize their Bitcoin and other crypto assets in diverse financial operations. We also plan on implementing additional security measures to further bolster our platform’s resilience against all kinds of threats. By continuing to innovate and enhance our platform, we hope to provide even more value to the Bitcoin ecosystem. Okay, so it seems that each of your projects has its unique contribution and future plans that will definitely enhance the Bitcoin ecosystem. We are drawing to the end of this show today. Thank you all for your valuable insights. Any closing words from anyone? Let’s start with ZekLink. Thank you, Ariel, for having us, and thank you to all participants and listeners. We look forward to continued collaboration and growth within the Bitcoin ecosystem. Balance B. Thanks for hosting and thanks to everyone who tuned in. We are excited about what the future holds and are committed to contributing to the ecosystem’s growth. Thank you. And last but not least, Layer Bank. Thank you, everyone, for having us here today. We look forward to working together to build a more robust Bitcoin and DeFi ecosystem. Great. A big thank you to all the speakers for sharing their insights and thank you to the audience for listening in. Have a great day, everyone. Bye bye. Thank you. Bye. Thank you. Bye bye. Have a great day. Bye-bye. Thanks bye. Thank you. Bye-bye. Thank you, bye-bye.

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