Develop a decentralized yield-generating protocol for Bitcoin (BTC) on Core Blockchain, enabling BTC holders to earn passive income through various DeFi strategies. The platform should offer secure and efficient mechanisms for users to stake, lend, or provide liquidity with their BTC holdings, earning competitive yields.
Challenge Description
Develop a DApp on Core Blockchain that allows users to:
Stake, lend, or provide liquidity using their Bitcoin to generate yield.
Access multiple yield-generating strategies such as lending pools, liquidity mining, and BTC vaults.
Smart contracts must:
Securely manage BTC staking, lending, and liquidity provision.
Automatically distribute rewards based on user participation in yield-generating activities.
The platform should include:
A user-friendly dashboard displaying available yield strategies, estimated returns, and current positions.
Support for seamless BTC wallet integration to enable easy staking and management of Bitcoin.
The challenge is to build a secure, efficient platform that optimizes yield generation for BTC on Core Blockchain, ensuring risk management, transparent operations, and a smooth user experience.
Objective/Goal
Challenge Description