On October 15, Bitcoin's native second-layer project Bitlayer announced the first selection results of its Booster Grants Program. Five projects, including RollDex, Desyn Protocol, Jasper Vault, DeAgentAI and UXUY Wallet, finally received official Grants support.
It is understood that the first phase of the Bitlayer Developer Acceleration Program attracted nearly 100 project teams to sign up, of which 11 projects passed the preliminary selection and entered the re-selection stage, covering BTC-Fi, games, AI and other sub-tracks. After Demo display and evaluation, RollDex, Desyn Protocol, Jasper Vault, DeAgentAI and UXUY Wallet stood out from all the projects entering the re-selection and received Grants support from the Bitlayer Foundation. Among them, RollDex received Grants support of up to US$1 million.
The Bitlayer Acceleration Program is a component of the developer airdrop event Ready Player One, which is mainly aimed at ecological projects that are planned or deployed to Bitlayer. Starting from September 12, 2024, the Bitlayer Foundation will select outstanding ecological projects from the registered projects every month, and allocate ecological incentives worth up to US$1 million to a single project.
"The Bitlayer Developer Acceleration Program aims to promote the prosperity and growth of the Bitlayer ecosystem. We hope that through the support of the Developer Acceleration Program, more developers will pay attention to Bitcoin and Bitcoin Layer 2. Bitlayer's developer support program will be open for a long time. Developers can build more decentralized applications for global users in the Bitcoin ecosystem based on Bitlayer's technological innovations." said Kevin He, co-founder of Bitlayer.
Currently, the Bitlayer developer acceleration program is still ongoing. The deadline for registration for the second phase is October 30. Bitlayer officials welcome more developers and projects to sign up and participate. The official will continue to provide core ecological resources such as financial support, online exposure, offline roadshows and listing support for ecosystem builders. For specific registration and incentive details, please check this link: https://www.bitlayer.org/airdrop/ready-player-one
In early October, Bitlayer completed a $9 million Series A+ round of financing led by Polychain. Together with the previously announced seed and Series A rounds, Bitlayer’s total financing has reached $25 million. In addition to Polychain Capital, Bitlayer’s investment institutions also include Franklin Templeton, Framework Ventures, ABCDE, StarkWare, OKX Ventures, Alliance DAO, UTXO Management and other well-known investment institutions.
As Bitlayer is one of the most popular Bitcoin L2 projects, today we will review the projects that received the first grants from the Bitlayer Developer Acceleration Program for readers to focus on.
RollDex
Official website: https://rolldex.io/
X：https://x.com/Rolldex_io
Project Introduction: RollDex is a Bitcoin native perpetual contract and derivatives trading platform in the Bitlayer ecosystem.
RollDex provides users with an unparalleled trading experience, with leverage up to 500x, ensuring the lowest slippage and competitive fees. By adopting a fully on-chain liquidity model, RollDex V1 is permanently guaranteed on-chain to ensure more transparent transactions with minimal slippage. All trades are executed against the RLP pool, enhancing liquidity for all trading pairs, thereby optimizing capital efficiency.
It is understood that RollDex's product portfolio includes four parts: Swaps, Perpetual, Bridge, and Prediction. RollDex V1 uses price information from a combination of exchanges to reduce the risk of liquidation due to temporary capital flows.
Currently, RollDex has been successfully deployed to Bitlayer. To celebrate the 2024 Trading Marathon Season 1 event, the project is opening up the minting of Roll's Booster OAT NFT and granting Bitlayer community users multiple multiplier rights.
DeAgents
Official website: https://www.deagent.ai/
X：https://x.com/DeAgentAI
Project Introduction: Decentralized artificial intelligence agent incentive protocol that allows users to create and deploy their own AI agents
According to the official website, DeAgentAI's product portfolio will include Meme Hunter, BTC Predictor, DeAgent Terminal, MemeX and many other products, providing users with decision-making assistance and investment opportunity discovery services.
In August this year, DeAgentAI announced the completion of a US$6 million seed round of financing. This round of financing was led by Web3.com Ventures and Vertex Capital, and participated by Higgs Capital, Kernel Labs, Waterdrip Capital, Tido Capital, PANONY, CatcherVC, Goplus, UXLINK and other investment institutions.
Desyn Protocol
Official website: https://www.desyn.io
X：https://x.com/DesynLab
Project Description: A decentralized asset management protocol that allows users to create and manage customized investment portfolios based on capital pools through smart contracts
Desyn Protocol is an innovative Web 3 decentralized asset management infrastructure that empowers users to securely and transparently create and manage customized pooled portfolios based on a variety of on-chain assets (tokens, NFTs, derivatives, etc.), all through smart contracts.
On February 23 this year, DDeSyn announced the completion of a new round of US$5 million in financing. This round of financing was participated by TPS Capital, LD Capital, Spark Digital Capital, Mentha Partners, Kosmos Ventures, Asymmetries Technologies, Outliers Fund, Consensus Lab and other institutions. Angel investors included Acme Crypto co-founder and CEO Joseph Eagan.
Currently, Desyn has been successfully deployed to Bitlayer.
Jasper Vault
Project website: app.jaspervault.io
X：https://x.com/jaspervaulthttps://x.com/jaspervault
Project Introduction: Decentralized options protocol, aiming to provide users with intuitive, simple and secure options products
Jasper Vault is an emerging peer-to-peer options protocol that is committed to providing users with a flexible, simple and efficient options trading experience. The project's products are divided into intraday options for retail investors, intraday options that aim to lower the entry threshold, and American options for professional investors. It provides two delivery modes: physical delivery mode and differential profit delivery mode to adapt to continuous rising and volatile markets.
Currently, Jasper Vault has been successfully deployed to Bitlayer.
UXUY Wallet
Project official website: https://uxuy.com/
X：https://x.com/uxuycom
Project Introduction: The first self-hosted multi-chain wallet based on Telegram, which is now online and supports third-party Bot connections
UXUY actively participates in the construction of Bitcoin Layer2 ecology, fully integrates into the Bitcoin Lightning Network and Taproot ecology, provides users with lightning address DID services, and becomes an important bridge connecting Bitcoin and Ethereum ecology.
In May this year, UXUY announced the completion of a US$7 million Pre-A round of financing, with participation from many institutions including Binance Labs, JDI Ventures, UTXO Management (Bitcoin Magazine), Bixin Ventures, SWC Global, Comma3 Ventures and CMS Holdings. Its current total financing amount exceeds US$10 million.
Currently, UXUY wallet has completed the integration of Bitlayer. Through UXUY Telegram wallet, 900 million social users will be able to interact with Bitlayer in Telegram with one click without third-party software, and seamlessly explore Bitlayer ecological applications.
