What' BifiPal
Make Bitcoin the Pioneer of Finance
Bitcoin Native Smart Contract
- The first native Turing-complete smart contract solution for Bitcoin.
- Bitcoin native smart contracts follow BIPs standard and use Bitcoin native techs such as PSBT, Miniscript, Descriptor, RGB, etc.
- A Bitcoin native smart contract as an Account Abstract(AA) of Bitcoin
Finance layer for bitcoin(btc)
- bitcoin as digital gold
- bitcoin as M0 of crypto world
- Decentralized Bank of bitcoin
- bitcoin-based stablecoin
- bitcoin native staking/loan
- bitcoin fast pay with ckBTC
- bitcoin derivatives
Finance layer for Bitcoin(BTC)
- Ordinals assets Issuance
- Runes assets Issuance
- RGB assets Issuance
- RWA with Bitcoin Binding
- The Bridge between Bitcoin and L2
- osBTC 1:1 btc (Principal Token)
- BOS for Yield Token
100% on chain with ICP
- BifiPal runs on the best cryptography network
- Chain-Key & Threshold Cryptography
- Modular blockchain network
- Smart Contract Container
- WebAssembly
- Best privacy
Bitcoin Pain Points
Pain Points
Lacks Turing-Complete Smart Contracts
Bitcoin only supports Bitcoin Script with limited functionality. Unlike some other blockchain platforms like Ethereum, Bitcoin does not natively support smart contracts. This limits its ability to facilitate complex programmable transactions and decentralized applications (dApps).
Poor Liquidity & Yield
The vast majority of Bitcoins are kept in wallets. The Bitcoin utilization rate is very low, and the Bitcoin rate of return is less than 0.5%.
Dilemma of Security vs. Functionality
Bitcoin participants are very concerned about the security of their assets. However, they lack the functionality to utilize Bitcoin to generate value on the Bitcoin network without losing security when bridged to other networks.
How to Solve
A Turing-complete Smart Contract
Separated private key-managed Bitcoin wallet serves as the Bitcoin native smart contract carrier, using rust-bitcoin, Miniscript, bdk and integrating client-side validation and single-use seals technology of RGB, operating within ICP's smart contract container, which inherits bitcoin's technical standards and security to give Bitcoin a Turing-complete smart contract.
Native Bitcoin Staking & Yield
Combining Bitcoin smart contract solutions to create an era of native Bitcoin finance (Bi-Fi) on the Bitcoin ecosystem, including Bitcoin staking, yield markets, derivatives, and RWAs, Insurance, etc.
Separation of private key management & signing
While retaining the wallet's functionality, provides corresponding private key management solutions. These include Threshold ECDSA/Schnorr network custody, end-to-end encrypted private keys, and hardware wallet signers. This approach maintains the security of the Bitcoin network while offering programmability.
Highlight
The 1st Bitcoin native smart contract
The innovation of using Bitcoin native smart contracts creates a new paradigm for Bitcoin applications.
BifiPal utilizes this innovation to establish a bitcoin finance (bi-fi) layer, which bridges to all of the Bitcoin ecosystem, as well as the real world, such as the various btc-ETF funds around the world.
Defi Game
BifiPal created a new Paradigm, staking has become a community behavior, not just BTC, any kind of asset holds a staking marathon here.
BifiPal share the liquidity of various assets in the Ethereum and Solana ecosystems using ICP Chain Fusion.
Extremely low gas fees and unlimited scalability
Security & Freedom
BifiPal can obtain staking income without users moving their btc ownership. The user’s btc is always on the Bitcoin network and is under the control of the user.
In BifiPal, staked assets can be unlocked at any time through the interest rate market. BifiPal provides liquidity for btc itself and its interests.
Product Solutions
DBank
BBank is a decentralized Bitcoin bank with functions similar to traditional financial banks, such as financial account management, investment portfolio, wallet management, and btc credit and other derivatives management.
SmartWallet
A smart wallet is a programmable wallet (Account Abstract) that manages Bitcoin and its associated assets, including transfers, transactions, asset issuance, interactions with other smart contracts, etc.
Staking Pool
Participants can earn revenue by stake native Bitcoin through the Staking Pool. Users receive an equal amount of btc principal Token: osBTC, where osBTC is anchored 1:1 to native BTC.
Yield Market
After the user staked btc, the principal token and yield token obtained by the user can be freely circulated and traded in the market, and BifiPal provides the corresponding Yield market and swap for the service.
Our Technical Solutions
Triple-Best Goods
BifiPal like a airplane
Bitcoin
Best Blockchain
ICP
Best Cryptography Network
RGB
Best Smart Contract
Our Advantages
Retaining the security of bitcoin network, user assets are always on top of BTC main chain.
Reduced transaction costs with single pool FlashSwap model and user transactions on L2.
Increase the possibility and convenience for users to get additional income.
Built on the BTC chain, and the DeFi ecosystem in BTC is in a period of rapid rise.
Release of Staking BTC liquidity, increased on-chain funding freedom and revenue options.
Roadmap
Q2 2024
- OS smart contract
- SmartWallet beta
- Native BTC Staking protocol Beta
Q3 2024
- Launch SmartWallet
- Launch official Staking protocol
- Ordinals & Runes assets Issuance
Q4 2024
- RGB assets Issuance
- Launch osBTC (osBTC 1:1 BTC)
- Launch Yield market (PT & YT)
- Fast-pay with ckBTC
Q1 2025
- osBTC and liquidity protocol
- Launch BifiPal swap protocol
- Bitcoin ETF financial fund
- Network-wide airdrop
Q2 2025
- RWA & Insurance
- Bitcoin credits
- Fastnet (Bitcoin L2)
- Continues ecosystem operation
- Stablecoin & Fast-pay