This Layer-2 blockchain brings eUTxO smart contract functionality to Bitcoin and other UTxO-based chains. It enables more complex decentralized applications on these networks by leveraging the security and immutability of the underlying Layer-1.
Funding
Funding not disclosed
Founders
Product
Problem
Bitcoin and other UTxO-based blockchains lack native smart contract capabilities, limiting their potential for decentralized finance (DeFi) applications. Existing solutions often rely on centralized bridges or wrapped tokens, introducing security risks and compromising the trustless nature of these networks. This restricts the ability to seamlessly integrate Bitcoin's liquidity with the functionality of more advanced blockchain platforms.
Solution
Sundial Protocol is a Layer-2 blockchain designed to bring eUTxO smart contract functionality to Bitcoin and other UTxO-based chains, enabling more complex DeFi applications. By merging Bitcoin's liquidity with Cardano's advanced eUTxO smart contracts, Sundial aims to power next-generation DeFi. The protocol utilizes trustless BTC bridges via ZK-proof technology and features institutional-grade compliance, reporting, and risk management. Sundial enables cross-chain interactions without compromising the core values of the underlying Layer-1 chains.
Target Audience
Sundial Protocol targets DeFi developers, financial institutions, and users of Bitcoin, Litecoin, Cardano, and Dogecoin seeking to expand the functionality and interoperability of these blockchains.
Features
- Native UTxO security to prevent wallet drainers, smart contract compromises, and outages
- Gas abstraction, allowing users to pay transaction fees with any token
- ZK Bridge for trustless rollup bridging and interoperability with metaprotocols
- Support for decentralized exchanges (DEXs), wallets, stablecoins, lending & borrowing platforms, DeFi management tools, cross-chain bridges, NFT & tokenization projects, and gaming applications
- Partnership with DeltaDeFi to host a Hydra node for non-custodial, high-frequency trading infrastructure
- Integration with VESPR wallet to enable support for Bitcoin, providing VESPR users with a seamless experience managing digital assets across both networks
- Partnership with Bitlayer to design a BitVM-based bridge for seamless transfer of Bitcoin liquidity into Cardano and vice versa