Context

Rootstock (RSK) is a Bitcoin sidechain that merges the robust security features of Bitcoin with the advanced functionality of smart contract execution, creating a platform that enhances the blockchain ecosystem by integrating the best of both worlds.

Introduced in 2015 and with its Mainnet launched in January 2018, RSK extends the utility of Bitcoin by enabling smart contracts, a feature that significantly broadens Bitcoin's applications. By inheriting key elements from Ethereum, such as the account format, Virtual Machine (VM), and web3 interface, RSK ensures seamless compatibility with Ethereum's tools and decentralized applications (dApps), facilitating a bridge between two of the most influential blockchain ecosystems.

The implementation of a two-way peg to Bitcoin is one of RSK's cornerstone features. This mechanism allows Smart Bitcoins (RBTC) to be seamlessly converted to and from Bitcoin (BTC), promoting fluid movement between the two chains without necessitating additional issuance costs. RBTC serves as the native currency on the RSK blockchain, used to compensate miners for processing transactions and contracts. Importantly, all RBTCs are minted from Bitcoins, ensuring a direct linkage and value correlation between RBTC and BTC.

Maintaining the proof-of-work consensus mechanism, RSK leverages the same mining network that secures Bitcoin, providing an unparalleled level of security. Despite this, RSK distinguishes itself by offering an improved payment experience with near-instant confirmations, addressing one of Bitcoin's limitations.

Additionally, RSK opens up new avenues for earning revenue, such as becoming a liquidity provider or optimizing transaction fees for users, further enriching the platform's ecosystem.

Proposal

Integrate the Rootstock network (RSK) into the Symbiosis protocol. The integration includes the following:

• The stablecoin on RSK to operate will be rUSDT.
• Incorporate support for the new blockchain within the Symbiosis protocol. This entails adding the new stablecoin to the Symbiosis AMM DEX on the host chain. Concurrently, the Symbiosis relayer network should begin interfacing with the newly integrated blockchain.
• Deploy and tune Symbiosis contracts on RSK. Implement on-chain routing via existing DEXes on RSK.

Key points

• BTC's foundational role in the blockchain and cryptocurrency landscape makes it a critical asset in the DeFi ecosystem. RSK looks like a broadway between the Bitcoin network and EVM-compatible blockchains, on the other hand, there are few bridges to this network. Symbiosis will close this gap.
• As an EVM-compatible chain, the Rootstock network can be seamlessly integrated into the Symbiosis protocol.