San Francisco, February 09, 2025 (Globe Newswire) – via ibn – Rich swap is the first AMM DEX for chain runes trading without confidence without bridges, packaging, guards, unique software or unique failure. Transactions are fully executed on the Bitcoin or completely backward network, protecting users from extortion. Users retain full custody of their assets in their Bitcoin portfolio without needing to deposit or retire on a platform.
Richswap launched the new Rune exchange environment (REE) from Omnity Network. Ree marks the start of Bitcoin’s evolution in a programmable and decentralized financial platform. It is a powerful toolbox to develop DEFI products directly on Bitcoin. The Turing-Complete Calculation Environment of Ree offers developers the tools to reproduce the EVM, Solana and other common DEFI concepts on Bitcoin. Unlike competing solutions, Ree does not need changes in the Bitcoin kernel, no bridges for other blockchains, or any other Bitcoin extension such as non -standard opcodes.
Ree makes BTCFi verifiable, reliable and standard
Bitcoin is the most secure and decentralized blockchain in the world, but its limited programmability restricted its use in complex financial applications. Unlike blockchains based on accounts such as Ethereum, Bitcoin works on the UTXO model (an output transaction). Each transaction output is a unique reference, embracing the fungible Bitcoin properties while introducing complexity in applications and data.
The Bitcoin UTXO model is an integral part of Ree because Ree uses partially signed bitcoin transactions (PSBT), normalized via BIP-174 And BIP-370. Omnity Sign decentralized PSBT (DPS) PSBTS orchestra in a publicly verifiable manner. The transactions are fully executed or completely back, which makes the first round at the front impossible by design. Once a PSBT has been signed, all transaction inputs and outputs are defined by the user and cannot be modified, even by Ree himself.
Users exchanging on REE benefit from a 100x reduction in exchange time while retaining custody of their assets throughout the process. Since there is no limit to the number of PSBTs grouped together or the PSBT production rate, several user transactions can occur safely in a single Bitcoin block.
“DPS allows a user and several protocols to co-signal a transaction using PSBT and distribute it on the Bitcoin network. Ree coordinates this multigigic process, ”said Louis Liu, founder of Omnity. “I believe that the DPS is the best technical approach to perform a complete programmability on the Bitcoin 1.” layer. “
Richswap to be an opening plan for Bitcoin developers
The new optimized flexibility of the Runes standard allows developers to create innovative Bitcoin DEFI applications on REE, such as loan protocols, ignition platforms and stablecoin systems on Bitcoin. Richswap AMM Dex de Ree is designed to be an opening plan for BTCFI developers. By unifying the manipulation of Bitcoin and Bitcoin active ingredients, Richswap provides a tangible example of the REE UTXO-based exchange model with the same way as blockchains based on accounts.
The component of REE allows BTCFI protocols to share liquidity, asset pools and other DEFI logics. This allows other protocols to benefit from the REE environment while combining liquidity directly from existing asset pools. In addition, REE includes configurations for the organization of costs and the sharing of income. Ree stimulates the evolution of the Bitcoin DEFI of the chain, facilitating a broader adoption of PSBTs as a standard and runes as a class of recognized assets.
Omnity networkRune exchange environment (Rock) Introduce a programmable execution tool box for BTCFI as presented in Richswap, Omnity Non -Guardian AMM, AMM without breeze for transparent and verifiable trading of Bitcoin runes. The Omnity network is a series of Bitcoin products without authorization, non -guardians, secured by ICP chain key Multipartite cryptography and calculation network (MPC) of Bitcoin node operators. Its flagship product, the Omnity HubConnects to 18 different blockchains with verifiable light customers taking charge of the runes, the BTC fungible and BRC20 assets.
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Suzanne Leigh
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Omnity network
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