💿Echo's Solution
Last updated
Last updated
User deposits uBTC into Echo on B^2
Echo validators monitor user deposit events, and sign with validator private key, and send validated events to submitters
Echo submitters monitor the user deposit events to verify validated events from validators, and then submit to Echo on Aptos. If a dishonest validator is identified, report it to the admin and block it
User receive aBTC on Aptos
Echo partners up with leading Bitcoin Layer 2 solutions such as B^2, Merlin, Bitlayer, and Babylon to integrate their BTC liquid restaking tokens via Echo Bridge. By leveraging Echo, users are able to gain yield incentives, enhance DeFi strategies, and enable restaking on the Move ecosystem.
aBTC allows users to borrow APT (via Echo Lend) or swap(via DEXes on Aptos) to participate in Echo LSD. By staking APT on Echo LSD, users will earn staking yield and receive eAPT. eAPT, a liquid staking token can be used as stake to secure and run consensus mechanism for any MoveVM AVS. This enables MoveVM chains and projects building their own blockchain infrastructure to leverage on Aptos for validation and security.
