What is Ordiswap?

Ordiswap is a decentralized exchange (DEX) built on the Bitcoin blockchain aiming to bring DeFi (decentralized finance) functionalities directly to the native layer of Bitcoin. Here's a summary of its key aspects:

1. Pioneering DeFi on Bitcoin: Ordiswap stands out by enabling direct trading and liquidity provision for BRC-20 tokens on the Bitcoin blockchain. This eliminates the need for intermediaries, offering a secure and efficient way to access liquidity.

2. Combining Standards: It achieves this by innovatively combining the BRC-20 token standard with the recently introduced Ordinals protocol. BRC-20 allows for tokenization on the Bitcoin network, while Ordinals enable inscribing data directly onto individual satoshis (smallest unit of Bitcoin).

3. Facilitating Seamless Swaps: Ordiswap leverages the Uniswap v2 constant product formula to ensure fair and efficient token swaps with minimized slippage, mimicking the experience of established DEXs.

4. ORDS Token: The Engine: The platform is powered by its native token, ORDS. This finite supply token plays a crucial role in Ordiswap's ecosystem:

- Governance: ORDS holders can participate in community-driven decision making through voting on proposals.
- Incentivizing Liquidity: ORDS are used to reward liquidity providers, encouraging users to deposit their tokens into the Ordiswap pools.
- Platform Fees: A portion of the trading fees collected on Ordiswap are distributed to ORDS holders, creating a value accrual mechanism.
- Dual-Network Compatibility: ORDS functions on both Bitcoin and Ethereum networks, enabling developers to unlock additional functionalities and bridge the gap between these two major blockchain ecosystems.

5. A Stepping Stone for Bitcoin DeFi: By offering a user-friendly platform for DeFi activities directly on Bitcoin, Ordiswap has the potential to broaden the appeal of DeFi within the Bitcoin community and contribute to the overall growth and innovation of the DeFi landscape.