Taker Chain: A Secured EVM-Compatible L1 for BTC
What is Taker Chain?
Taker is a liquidity layer for BTC and its generated assets (BRC20, such as Ordi, Sats…) built on NPOL (Nominated Proof of Liquidity) consensus mechanism. To foster the BTC ecosystem, Taker will unlock dormant BTC liquidity, which has been inactive for quite some time. Additionally, Taker will provide sufficient liquidity to various scenarios, including Layer2s, native swaps, restaking, lending, games, etc. Taker will be the pioneering chain that supports users to stake LP tokens like BTC/Ordi, BTC/Sats, BTC/wBTC, BTC/BTCB, BTC/USDT, BTC/USDC, BTC/ETH, etc., enabling them to become delegators or nominators and to enjoy yields from providing liquidity and block rewards from the Taker chain.
Consensus by liquidity and Modularize liquidity.
We employ the NPOL consensus for enhanced security, stability, decentralization, fairness, and efficiency in block production. This framework ensures that liquidity remains operational. Developers have the flexibility to create native Swaps leveraging Taker’s liquidity. Moreover, Layer2 solutions can harness Taker’s liquidity to enhance their ecosystem. Users can benefit from various scenarios without worrying about the loss of their native assets, earning yields in the process.
Stability
As POW consumes massive power to maintain the network security. The POS reduces the liquidity while processing the net transactions. At the same time, as the rewards are being mainly distributed to those who staked numerous tokens, the networks become more and more centralized. Taker’s consensus can avoid the diminishing marginal utility of network security, which happens with POS. At the same time, it possesses characteristics of high security, decentralization, and efficiency.
Functionality
Taker’s liquidity can be efficiently used within the BTC ecosystem to help bootstrap those innovations. For example, when a game wants to integrate a native swap into its app, it can easily use Taker’s adequate liquidity as a component without bearing the extra costs.
Flexibility
Taker actually abstracted the liquidity with native security. Based on that, Taker is going to provide the fertile soil for diverse applications’ merging. With flexibility, developers can steer liquidity into a swap, a lending or a stablecoin project based on liquidity collateral.
What is NPOL
NPOL consensus aims to establish a secure, efficient, and fair blockchain network by integrating the benefits of NPOS(Nominated Proof of Staking) and POL(Proof of Liquidity). It combines the nomination and voting system of NPOS with the liquidity incentives of POL to achieve a robust consensus mechanism.
Why Taker Chain?
Many holders of BRC20 (Ordi, Sats, …) are suffering insufficient liquidity scenarios when comes to trade on-chain, and there are no further applications for asset holders to use. And for BTC holders, especially the whales, there is no good place for them to enjoy extra yields for BTCs safely and constantly.
By joining Taker, users can become liquidity providers for certain assets, such as BTC/BTCB, BTC/WBTC, BTC/ Ordi, BTC/Sats, BTC/USDT to enjoy the yields from the trading fees charged by the pool while providing a more liquidity place for users to trade their assets. Meanwhile, LP stakers on Taker can choose to become nominators/delegators to enjoy the block rewards while contributing to the safety and operation of Taker chain.
X: https://twitter.com/TakerProtocol
Website: https://www.taker.xyz/
Telegram Group Chat: http://t.me/taker_protocol
Discord: http://discord.gg/taker
