Potential Strategic Partnerships and Use Cases
CHAINS
Xythum works on a technology called FROST, which again works on signature scheme goes by name schnorr, hence any chain where schnorr is possible xythum is also possible. despite lacking of schnorr a chain which supports cryptographic primitives to build schnorr is enough (ex: Ethereum)
Below are wide range of chains which support schnorr directly or indirectly and can be part of Xythum ecosystem.
Xythum would only onboard chains with decent security backing.
| Blockchain Name | Type | Description |
|---|---|---|
| Bitcoin | Layer 1 | The first and most well-known cryptocurrency, primarily used as digital gold and a store of value. |
Supports taproot | | **Bitcoin derivates, L2s sidechains and bitcoin rollups
Lightning network, liquid, signet, starkware, rootstack, bsquared,bitlayer, Dogecoin etc** | BTC ecosystem | these chains are here to scale bitcoin, and which ever chains supporting schnorr or atomicswaps is part of xythum | | Ethereum | Layer 1 | A leading platform for smart contracts and decentralized applications (dApps). | | ALL EVM BASED CHAINS L1s, L2s, sidechains and rollups | Omnichain | Chains which have EVM as their virtual machine support cryptographic primitives to build schnorr | | Polkadot | Layer 1 | Enables interoperability between different blockchains through its unique parachain architecture. | | Near Protocol | Layer 1 | A developer-friendly platform that offers high throughput and low fees for dApps. | | Aptos | Layer 1 | A new blockchain focusing on scalability and user experience, utilizing a unique programming model. | | Sui | Layer 1 | Aims to provide high-speed transactions and a user-friendly interface for developers. | | Celo | Layer 1 | Focuses on mobile accessibility and aims to bring financial services to anyone with a smartphone. | | Cosmos | Layer 0 | Enables interoperability between different blockchains through its IBC (Inter-Blockchain Communication) protocol. | | SOLANA | Layer 1 | High throughput chain |
DEXES
read
| DEX Name | Blockchain | WHAT DO THEY DO |
|---|---|---|
| Uniswap | Ethereum | Leading AMM for ERC-20 token swaps |
| Curve Finance | Ethereum | Optimized for stablecoin trading |
| SushiSwap | Ethereum, BSC, Polygon | Multichain DEX with yield farming and staking |
| PancakeSwap | Binance Smart Chain (BSC) | Low-fee swaps and yield farming |
| 1inch | Ethereum, BSC, Polygon | DEX aggregator for best prices |
| Balancer | Ethereum | Customizable liquidity pools |
| Orca | Solana | User-friendly AMM with low fees |
| Raydium | Solana | AMM with central limit order book |
| Serum | Solana | Fully decentralized order book DEX |
| Trader Joe | Avalanche | AMM with yield farming and staking |
| Pangolin | Avalanche | Community-driven DEX for trading |
| QuickSwap | Polygon | Fast swaps with low fees |
| Velodrome | Optimism | Liquidity protocol focused on efficiency |
| Aerodrome | Base | AMM model for liquidity on Base blockchain |
| SpookySwap | Fantom | Community-focused AMM |
| Spirit Swap | Fantom | Yield farming and liquidity pools |
| IDEX | Ethereum, BSC | Hybrid DEX with off-chain order book |
| Bancor | Ethereum | First AMM protocol with liquidity pools |
| Saber | Solana | High liquidity AMM for stablecoins |
| DODO | Ethereum, BSC | Proactive market maker for better price stability |
| ApeSwap | Binance Smart Chain (BSC) | Community-driven DEX with various DeFi features |
| MDEX | BSC, Huobi Eco Chain | Cross-chain DEX focusing on liquidity |
| Liquidswap | Aptos | First DEX on Aptos supporting multiple assets |
| Hippo | Aptos | AMM focused on user-friendly trading |
| ThalaSwap | Aptos | Fast trading with low fees and yield farming |
| SuiSwap | Sui | Emerging AMM platform on the Sui blockchain |
| NearSwap | Near | Decentralized trading platform on Near |
| Ref Finance | Near | AMM and yield farming platform |
| MinSwap | Cardano | Community-driven DEX with multi-pool functionality |
BRIDGE AND INSTANT LEND | TRADE | EARN YIELD | STAKE
- Xythum will be providing go to direct integration with bridged assets to the dapps
- Users could just Directly Mint assets or Bridge Assets from different chains and Xythum will provide in APP widgets “One Click Away” buttons to use all their freshly bridged liquidity into these different protocols
| dApp Name | Chain | Type | Xythum Use Case |
|---|---|---|---|
| Aave | Ethereum | Lending | Use Xythum to bring Bitcoin for lending on Aave. |
| Compound | Ethereum | Lending | Borrow against your Bitcoin assets on Compound via Xythum. |
| MakerDAO | Ethereum | Lending | Create DAI using your Bitcoin collateral via Xythum. |
| Yearn.finance | Ethereum | Yield Farming | Earn yield using your Bitcoin on Yearn through Xythum. |
| Silo Finance | Ethereum | Lending | Access isolated lending markets by bridging Bitcoin with Xythum. |
| TrueFi | Ethereum | Lending | Lend your Bitcoin for fixed returns on TrueFi via Xythum. |
| Morhpo | Ethereum | Lending | Enhance yields on your Bitcoin when lending through Morpho using Xythum. |
| Port Finance | Solana | Lending | Use your Bitcoin to borrow assets on Port Finance via Xythum. |
| Solend | Solana | Lending | Bring Bitcoin to Solana for lending on Solend with Xythum. |
| Alchemix | Ethereum | Yield Farming | Use Xythum to deposit Bitcoin and receive self-repaying loans on Alchemix. |
| Saber | Solana | Yield Farming | Earn yield on stablecoins bridged from Bitcoin using Xythum on Saber. |
| Goldfinch | Ethereum | Lending | Lend USDC backed by real-world businesses using Bitcoin via Xythum. |
| Maple Finance | Ethereum, Solana | Lending | Access institutional-grade loans by bridging Bitcoin with Xythum. |
| LendingBlock | Ethereum | Lending | Utilize your Bitcoin as collateral for loans on LendingBlock through Xythum. |
| Flashstake | Ethereum | Yield Farming | Get instant yield on your Bitcoin deposits via Flashstake with Xythum. |
| Minterest | Multiple Chains | Lending | Provide liquidity and earn rewards using bridged Bitcoin through Minterest via Xythum. |
| dForce | Ethereum | Lending | Trade and lend assets by bridging Bitcoin to dForce using Xythum. |
| SyntheX | Ethereum | Synthetics | Trade synthetic assets using bridged Bitcoin with SyntheX via Xythum. |
| dYdX | Ethereum | Perpetual Trading | Trade perpetual contracts using non-native assets like bridged Bitcoin with dYdX through Xythum. |
| GMX | Arbitrum, Avalanche | Perpetual Trading | Use your bridged Bitcoin to trade perpetual contracts on GMX via Xythum. |
| Perpetual Protocol | Ethereum | Perpetual Trading | Leverage your non-native assets like Bitcoin for trading perpetuals with Perpetual Protocol via Xythum. |
| Yearn Finance V2 | Ethereum | Yield Aggregator | Aggregate yields for your bridged Bitcoin assets through Yearn Finance V2 using Xythum. |
| Celo Dollar (cUSD) | Celo | Stablecoin | Utilize bridged Bitcoin to mint cUSD for stable transactions via Celo and Xythum. |
| Thala Labs | Aptos | DeFi | Access high liquidity and instant trade execution using bridged Bitcoin via Thala Labs with Xythum. |
| Liquid Staking | Ethereum | Liquid Staking Protocol | Xythum enables Bitcoin holders to stake on Liquid Staking platforms for yield. |
OTHER POTENTIAL USE CASES
Xythum’s Context Transfer is groundbreaking feature which gives new way to look at cross chain communication, Context transfer allows messege (callData) passing among chains either its between user and a contract or Inter-Contract calls, here are few usecases based on this idea.
-
A Protocol could Maintain their Main ROOT contract on the Mainnet! But since their protocol might need additional trustless dapps like insurance, reward system, reputation system, or other good use case minor dapps which might have high frequency in txs! this could lead to high gas costs and protocol might have to do a trade off between
revenue from dapps vs utility.- One solution is that they can deploy their Main ROOT contract on Mainnet and other support protocol dapps on L2s or rollups or other chains (Say a insurance protocol)
- But how does theses multi chain contract get to understand state of their other contracts on other chain
- This is where xythums comes into picture, all smart contracts inheriting xythum cross chain gateway will be inter connected! main contract can keep posting data to their child dapps at regular checkpoints via xythum
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Cross chain Marketplace for NFT, and other assets ordinals can be built seamlessly using xythum
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History LookUp protocols
- If a dapp feature depends on their previous state in any point of history! of its contract! then xythum can be real handy! xythum at regular intervals store checkpoints from contracts and re broadcast to same or different contract after a timelock.
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Inter smart contract calls allow easy of communication between smart contracts! and can unlock new way of chain abstraction.
Here are few protocols ideas to name a few
- Decentralized Identity Verification (sharing user identity + stats + state among chains)
- Multi-Chain Escrow Services - zk store feature which uses Shamir secret sharing to store secrets of user can ****other techniques with frost can build protocols like cross chain descrete log contracts.
- Cross-Chain Voting Systems
- Cross Chain governance
- Asset-Backed Loans Across Chains
- Interoperable NFT Marketplaces + Gaming
- Multi-Chain Supply Chain Management
- Insurance Protocols
DARKPOOL AS A SERVICE
- Builders can leverage a build on Xythum hooks to use xythums darkpool sdk and integrate into their protocol to leverage! 0 MEV 0 slippage order executions
XYTHUM HOOKS
- XythumVM will be a playing a crucial part of xythums journey which allows! builders to build on self executing hooks for cross chain
- Hooks could something like! If an event happens on bitcoin (funding a address, spending a address, halving etc) then perform certain action on ethereum (reward all users who funded a address on bitcoin in ethereum chain)
- Hooks allow builders to build apps which watch onchain state with xythum watch towers and nodes come into consensus about event and perform a preprogrammed destination chain action.
- this could open new cross chain futures market based on cross chain events and cross chain discrete log contracts.