Overview
Last updated
Last updated
Bitcoin programmability is the key to unlocking revolutionary use cases in decentralized finance (DeFi) and beyond. With Bitcoin’s market cap approaching $2 trillion, the potential impact is staggering. Imagine if just 5% of Bitcoin entered DeFi—it would contribute $100 billion in total value locked (TVL), redefining the scope of today’s DeFi ecosystem. However, to achieve this transformation, critical infrastructure like oracles and reliable indexing services must evolve, enabling Bitcoin to reach its full potential.
Despite growing demand for advanced use cases, Bitcoin's scripting offers limited functionality due to many concerns. This restricts its ability to support complex dApps. So many solutions have been proposed in recent years, but none have fully addressed this challenge.
Building sophisticated dApps like lending protocols, stablecoins, or market prediction platforms requires reliable external data. For instance, feeding Bitcoin L1 execution layers with accurate information (e.g., token prices or social engagement activities) is the core infrastructure of modern modular blockchains.
On-chain storage costs on Bitcoin remain high, particularly for data-intensive applications such as token pricing or player activities in game-fi. These barriers make a challenge for many potential use cases.
While Bitcoin's programmability excels at calculations, it lacks off-chain data connectivity. Gaze Oracle bridges this gap by connecting to off-chain data sources. Combining these two technologies unlocks new use cases on Bitcoin L1.
Indexers
Provide accurate state data from Bitcoin’s execution layer, such as the real-time price of ORDI (BRC-20 token) Indexer API: https://gaze.network/indexer
Mint Tools
Facilitate data writing on Bitcoin at a significantly lower cost, enabling frequency data and reducing storage expenses. Mint tools: https://t.me/gaze_tools_bot
Gaze Oracle
Feed external data to Bitcoin's L1 accurately and reliably, enabling seamless integration between off-chain and on-chain information. Details: https://gaze.network/
Addressing these core challenges will unlock Bitcoin's programmability, enabling innovative dApps and advancing decentralized finance. This oracle will reduce technical complexity for Bitcoin developers while empowering Bitcoin’s economy. These developments will create a foundation for new use cases on Bitcoin L1 that go beyond its traditional role as a store of value.
For Developer: https://gaze.network/
For Users: https://t.me/gaze_tools_bot
