What is Obelisk

Overview

Obelisk is a sub-brand launched by the NodeDAO team. Its goal is to build a transparent and reliable asset management protocol for BTC on-chain assets, so as to obtain more Defi and Cefi benefits for customers. Currently, the supported deposit assets are BTC and FBTC.

Obelisk's core business model is to lock the underlying assets (native BTC) and map the second-layer assets LCT (Liquid Custody Token) to liberate the native BTC liquidity, and seek applications for the underlying assets and upper-layer liquidity assets to obtain benefits.

The Obelisk protocol innovatively builds a decentralized committee hosting network, which is responsible for hosting native BTC assets. Obelisk maps BTC assets that can be exchanged 1:1 on Ethereum, allowing users to easily manage BTC on-chain asset applications like using traditional Defi.

Features

• TSS solution based on AVS:

• Full-chain Bitcoin Liquidity (oBTC): Establish seamless cross-chain compatibility for Bitcoin, and ensure liquidity and interoperability across various blockchain networks through bridging mechanisms such as the LayerZero OFT standard.

Current Phase: Mainnet

Exciting News! Obelisk Mainnet is Live! We're thrilled to announce that Obelisk has successfully transitioned from Testnet to Mainnet! With Obelisk, Bitcoin holders can now seamlessly participate in the DeFi ecosystem without compromising liquidity or security.

Explore new possibilities and maximize your Bitcoin holdings! : Learn More & Get Started & Visit our website:

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