TerpLayer builds BTC-Fi infrastructure on Berachain to enhance Bitcoin liquidity and capital efficiency. The platform offers decentralized trading via Atomic Swaps and an efficient AMM layer for fast, secure transactions. Key products include a Bitcoin-pegged asset, a stablecoin, and a cross-chain bridge for DeFi participation.
Funding
Funding not disclosed
Founders
Product
Problem
Bitcoin's potential within decentralized finance (DeFi) is limited due to a lack of native smart contract support and efficient cross-chain trading solutions. Existing Layer 2 and cross-chain solutions often rely on third-party trust, introducing security risks and hindering the development of a truly decentralized Bitcoin ecosystem.
Solution
TerpLayer provides a suite of tools to unlock Bitcoin's liquidity and enable its seamless integration into the DeFi landscape. The core of their solution is the TerpLayer Atomic Swap (TAS) technology, which facilitates secure and efficient cross-chain exchanges between Bitcoin and other crypto assets on EVM-compatible chains, without relying on intermediaries. Complementing TAS is TPUSD, a Bitcoin-native stablecoin pegged to USDT, designed to provide stability and security for transactions within the Bitcoin network. TerpLayer also offers a decentralized Automated Market Maker (AMM) on Bitcoin Layer-1.5, enabling decentralized Bitcoin trading without cross-chain complexities.
Target Audience
TerpLayer targets DeFi traders seeking to leverage Bitcoin in decentralized markets, as well as Bitcoin holders looking to earn rewards by staking LP tokens.
Features
- TerpLayer Atomic Swap (TAS) for secure and efficient cross-chain swaps between Bitcoin and other crypto assets
- TPUSD stablecoin, a BRC20/RUNES token pegged to USDT, providing stability and security for Bitcoin transactions
- Decentralized AMM on Bitcoin Layer-1.5, enabling trustless Bitcoin trading
- BeraBTC, a Bitcoin-native liquidity base layer on Berachain
- Terp Indexer Oracle, providing data parsing and access services for Bitcoin Layer 2 solutions
- BRC20 Adapter, facilitating cross-chain transfers of BRC20 assets
- World State Tree (WST) technology for real-time tracking of Bitcoin addresses and improved data transparency
- Terpolly inscriptions, granting transaction dividend rights to holders