Partner Updates

Bitfinity’s Blockchain Bash: Second Edition!

Explore the cutting-edge technologies shaping the Bitcoin ecosystem with APRO Oracle, BVM, Symmetric, and Rivo, all partnering with Bitfinity. Learn how decentralized oracles, innovative blockchain services, and dynamic DeFi platforms are redefining data solutions and smart contracts on Bitcoin.

It didn’t take long before Bitfinity and Blaze (our mascot) found friends to play with. Last week we took a look at the first partners of Bitfinity, and in this fast-paced world, we examined four extra ones.

In this article, we take a look at strategic partnerships between Bitfinity and pioneering platforms like APRO Oracle, BVM, Symmetric Finance, and Rivo that are expanding the Bitcoin ecosystem far beyond its original purpose.

Join us as we delve into these groundbreaking technologies that are shaping the future of Bitcoin and connecting with Bitfinity.

Bitfinity and Apro 🤝

Oracle

First in line of Bitfinity's new partners is Apro, the first blockchain oracle of the bitcoin ecosystem, engineered to meet the demands of the Bitcoin ecosystem with its rapid and economical data solutions. The oracle network stems from its advanced decentralized multi-node architecture and security measures. It has integrated multiple data sources and validation mechanisms. At present, they operate with nine nodes with servers distributed globally.

A blockchain oracle acts as a bridge between blockchains and external systems, enabling smart contracts to access and interact with external data. This capability is essential as it allows blockchains to respond to real-world events and conditions.

Apro provides reliable, fast, and cost-effective data solutions, making it an essential tool for decentralized applications (DApps) operating within the Bitcoin network. It does this by integrating off-chain computing with on-chain verification.

Apocalypse - The Beginning💡

We’re thrilled to unveil the official introduction for the 1st oracle of the #Bitcoin ecosystem.

🧪APRO Oracle = Amplifying ecosystem advantages, an #oracle that combines high precision and reliability. pic.twitter.com/IPvKwMFmaz
— APRO Oracle 🔜 Tokyo, Japan (@APRO_Oracle) July 24, 2024

How Does APRO Work?

APRO operates on a sophisticated two-tier oracle network. The primary tier, known as the OCMP (Off Chain Message Protocol) network, consists of various nodes that form the oracle network itself. The secondary tier, called the Eigenlayer network, serves as a backstop.

It steps in when disputes arise between customers and the OCMP aggregator. This tier is composed of Eigenlayer AVS Operators who are chosen based on their strong historical reliability scores or enhanced security capabilities compared to the first tier.

The system also includes a staking mechanism similar to a margin system, where nodes must deposit a margin that can be forfeited under certain conditions, such as deviation from the majority data reports or erroneous escalations to the second-tier network.

APRO Data Feeds provide a straightforward mechanism for smart contracts to access asset pricing data. Each price feed has an on-chain address and functions that allow contracts to read pricing data directly from that address.

Connect and Learn More About Apro oracle

Bitfinity and Symmetric Finance 🤝

Second in line is Symmetric, a project that operates as a multichain Automated Market Maker (AMM), Decentralized Exchange (DEX), and non-custodial portfolio manager. It aims to make decentralized finance (DeFi) accessible across multiple blockchains.

The protocol serves as a cutting-edge platform in the decentralized finance (DeFi) sector, and provides users with a multifaceted approach to trading and managing their digital assets. To date, Symmetric has facilitated over 1 million trades across four networks and supports trading with more than 30 different tokens. They have also distributed over $1 million in rewards to their users.

Symmetric has been proactive in integrating with other platforms to expand its reach and functionality. For example, they have curated DeFi opportunities on Meter.io, which encourages users to explore different financial instruments through Symmetric's user-friendly DEX interface.

Symmetric introduces a variety of options for liquidity pools beyond the traditional 50/50 pools. Here are some of the unique configurations available on Symmetric:

Custom Weight Pools: Users can set up pools with custom weight ratios like 80/20, golden ratio, or other desired proportions.
Multi-Asset Pools: Pools can include up to 8 different assets, offering broader diversification and flexibility.
Composable Stable Pools: These pools are designed for low slippage swaps on soft pegged or correlated assets.

Fees on Symmetric v3 are predominantly generated from swap fees, which are incurred during trading on the platform. Additionally, the protocol earns revenue through flash loans and the yield generated on wrapped tokens.

Connect and Learn More About Symmetric Finance

Bitfinity and Rivo 🤝

As the third project, Bitfinity welcomes Rivo, a gateway to the decentralized finance world that integrates six networks and top-notch protocols. It provides easy access to top DeFi products through a single interface.

Just like Symmetric, Rivo is a crypto investing platform that integrates a multichain smart-contract wallet with a yield marketplace, facilitating straightforward access to DeFi earnings.

A secure environment for managing your DeFi portfolio:

Self-custodial: No access to user’s funds or private keys.
Pre-selected Strategies: Analyzing thousands of protocols to select strategies with the best risk-reward ratio.
ZAPs: Enter and exit strategies in one click, paying gas with any token (stablecoins).
Cross-chain: Make cross-chain swaps in one click with real-time fraud monitoring.

The CEO of Rivo, brings 15 years of high-tech management experience and has successfully launched tech products used by over 10 million users. His experience includes scaling to 50,000 active investors from 83 countries.

Revo's ultimate aim is to simplify the entire Web 3 investment cycle. By integrating all facets of the investment process into a single platform. It brands itself as a one-click gateway to the decentralized finance (DeFi) world.

The recent partnership with Bitfinity Network aims to enhance Rivo's cross-chain integrations, providing users with improved access to Bitcoin and EVM protocols.

Connect and Learn More About Rivo

Stay updated and engaged with Rivo through their official channels:

Bitfinity and BVM 🤝

Last but not least on our list is BVM, which stands as a comprehensive development infrastructure within the Bitcoin ecosystem. It offers over 30 fully-featured services that enable developers to build on Bitcoin more effectively than ever before.

The project enables developers to build various infrastructures along with a wide range of decentralized applications (dApps) including DeFi (Decentralized Finance), GameFi, payments systems, and even applications integrating Artificial Intelligence (AI).

BVM also simplifies the deployment of ZK rollups by providing a no-code solution that incorporates drag-and-drop functionality. This user-friendly approach makes it possible to launch ZK rollups without writing a single line of code, offering a straightforward, cost-effective, and scalable solution for developers at all levels.

It supports a wide array of applications, each leveraging Bitcoin's technology to offer unique and powerful functionalities:

Rune Dex: Buy Bitcoin permissionlessly.
RuneChain: Focuses on DeFi solutions.
Heartbeats: Provides insights into Bitcoin rollups.
Naka Dex: Allows trading futures on Bitcoin.
Alpha: A social app built on the Bitcoin blockchain.
Eternal GPT (Coming Soon): Aims to be an open AI platform on Bitcoin.
Neurons (Coming Soon): Helps power decentralized networks.
Time (Coming Soon): Aims to preserve the Internet's history.

Whether you are an indie developer or part of a large-scale project, BVM equips you with the tools to build and scale your blockchain solutions effortlessly.

Connect and Learn More About BVM

Conclusion

Bitfinity's strategic partnerships with APRO Oracle, Symmetric Finance, Rivo, and BVM represent another significant step forward in creating a more interconnected, secure, and scalable blockchain ecosystem. These collaborations are mutually beneficial in that everything is built on top of each other, yet not dependent. Protocols can utilize one another to form an interconnected network.

APRO Oracle introduces a pioneering blockchain oracle tailored for the Bitcoin ecosystem, ensuring rapid, reliable, and cost-effective data solutions that enhance smart contract functionality within Bitcoin's network.
Symmetric Finance extends Bitfinity’s reach into decentralized finance (DeFi), offering a multichain Automated Market Maker (AMM) and Decentralized Exchange (DEX) that supports over 30 different tokens and has facilitated more than a million trades.
Rivo enhances Bitfinity's DeFi capabilities by providing a comprehensive gateway to DeFi products across multiple blockchains, simplifying user access to various investment strategies and enhancing cross-chain interoperability.
BVM (Bitcoin Virtual Machine) significantly broadens the utility of Bitcoin by enabling the development of diverse decentralized applications (dApps), including those in DeFi, GameFi, and even sectors integrating Artificial Intelligence (AI).

The development of the Bitfinity EVM and its associated technologies like ZK rollups and no-code deployment solutions signals a transformative enhancement in blockchain functionality, which could provide a whole array of new experimentation attacking the scalability and efficiency challenges of Bitcoin.

For more detailed insights into these partnerships and the evolving capabilities of the Bitfinity platform, interested readers are encouraged to visit the partner websites and follow their developments on social media and Bitfinity’s blog.

Check our previous partnership announcement article here 👇

Connect with Bitfinity Network

*Important Disclaimer: The information on this website is provided for general informational purposes only and should not be considered financial advice. While we strive for accuracy, Bitfinity does not endorse and is not responsible for any errors or omissions or for results obtained from the use of this information. Views expressed herein may not reflect those of Bitfinity. External links are provided for convenience and verification of information is recommended before taking any actions based on content found here.

Bitfinity’s Blockchain Bash: Second Edition!