[SIP-32] Symbiosis: Enabling Cross-chain Operations on B² Network

Voting ended over 1 year agoSucceeded

Context

B² or BSquared Network is a Bitcoin Layer2 Rollup blockchain built on zero-knowledge proof (ZKP) verification commitments.

Problem Addressed:

Bitcoin's utility goes beyond payments. B² Network seeks to transform Bitcoin into a versatile platform capable of supporting decentralized finance (DeFi), non-fungible tokens (NFTs), and other decentralized applications.

Key Features:

Security: Zero-knowledge proof technology, combined with Taproot’s gate commitment and challenge-response mechanism, ensures transactional privacy and security during Bitcoin confirmations.
EVM Compatibility: EVM-compatibility ensures broad adoption and integration with existing decentralized applications.
Data Availability Layer: B² Network provides a Data Availability (DA) Layer solution for other Bitcoin Rollups, enabling ZK-Rollup solutions to use Bitcoin as a settlement layer through the B² Hub.
Support for BTC and ETH Addresses: Users can access the network using Bitcoin or Ethereum addresses via account abstraction.
Performance: As expected from a Layer2 network, B² Network offers fast and cost-efficient transactions. Currently, the average block time is 2 seconds. B² Network launched on Mainnet in April this year.

Proposal

Enable support for B² Network in the Symbiosis protocol to enhance Symbiosis DeFi offerings for L2 Bitcoin blockchains. The integration includes the following:

Adding support for B² Network on the Symbiosis protocol, including WBTC for B² Network in the Symbiosis AMM DEX on the host chain.
Deploying and tuning Symbiosis contracts on B² Network.
Implementing on-chain routing via existing DEXs on B² Network.
Activating the Symbiosis relayer network to work with the new blockchain.

Key points

Developer Appeal: EVM compatibility and the DA layer make B² Network attractive to developers building on ZK-Rollups and Bitcoin infrastructure.
User Benefits: dApp users benefit from support for both BTC and ETH addresses, providing a seamless experience across ecosystems.
Seamless Integration: As an EVM-compatible chain, B² Network can be smoothly integrated into the Symbiosis protocol, ensuring immediate functionality and user benefits.

Off-Chain Vote

Yes

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Timeline

Oct 10, 2024Proposal created

Oct 10, 2024Proposal vote started

Oct 12, 2024Proposal vote ended

Oct 12, 2024Proposal updated

Context

B² or BSquared Network is a Bitcoin Layer2 Rollup blockchain built on zero-knowledge proof (ZKP) verification commitments.

Problem Addressed:

Key Features:

Security: Zero-knowledge proof technology, combined with Taproot’s gate commitment and challenge-response mechanism, ensures transactional privacy and security during Bitcoin confirmations.

EVM Compatibility: EVM-compatibility ensures broad adoption and integration with existing decentralized applications.

Data Availability Layer: B² Network provides a Data Availability (DA) Layer solution for other Bitcoin Rollups, enabling ZK-Rollup solutions to use Bitcoin as a settlement layer through the B² Hub.

Support for BTC and ETH Addresses: Users can access the network using Bitcoin or Ethereum addresses via account abstraction.

Performance: As expected from a Layer2 network, B² Network offers fast and cost-efficient transactions. Currently, the average block time is 2 seconds. B² Network launched on Mainnet in April this year.

Proposal

Enable support for B² Network in the Symbiosis protocol to enhance Symbiosis DeFi offerings for L2 Bitcoin blockchains. The integration includes the following:

Adding support for B² Network on the Symbiosis protocol, including WBTC for B² Network in the Symbiosis AMM DEX on the host chain.

Deploying and tuning Symbiosis contracts on B² Network.

Implementing on-chain routing via existing DEXs on B² Network.

Activating the Symbiosis relayer network to work with the new blockchain.

Key points

Developer Appeal: EVM compatibility and the DA layer make B² Network attractive to developers building on ZK-Rollups and Bitcoin infrastructure.

User Benefits: dApp users benefit from support for both BTC and ETH addresses, providing a seamless experience across ecosystems.

Seamless Integration: As an EVM-compatible chain, B² Network can be smoothly integrated into the Symbiosis protocol, ensuring immediate functionality and user benefits.