Key Features

These are the key features of Stronhodl protocol

1. Cross-Chain Synthetic BTC (shBTC):

StrongHodl allows users to mint shBTC on either Ethereum or Solana, giving them the flexibility to choose their preferred blockchain and access the unique DeFi opportunities each offers. This cross-chain compatibility ensures that users can leverage the benefits of both ecosystems.

2. Governance and Yield System

Fortresses (houses), a cornerstone of the protocol’s governance and reward distribution, act as the primary representatives of the DAO. These entities play a crucial role in decision-making while collaborating closely with development teams to define and guide the project’s direction. Through this collaborative approach, the protocol ensures that community voices are heard and that development aligns with members’ needs and aspirations. In this way, Fortresses become a vital link between the community and developers, fostering a dynamic and participatory ecosystem.

3. Secure Bridging:

StrongHodl offers a robust bridging mechanism to transfer shBTC seamlessly between Ethereum and Solana. This bridge maintains liquidity and provides a smooth user experience, enabling cross-chain asset movement with confidence

4. Community Role-Based Access and Incentives:

User roles within StrongHodl are determined by individual activity within the protocol. This role-based system grants varying permissions and rewards, encouraging users to actively participate. Through a community-driven NFT system, users can unlock higher rewards and contribute to the strength of StrongHodl’s Bitcoin ecosystem.

5. Real-Time Analytics with Dune:

Integrated with Dune Analytics, StrongHodl offers real-time on-chain analytics to track shBTC activity, protocol performance, and user engagement. This data empowers users with insights into protocol health and trends, enhancing transparency

6. API Integration with Ethereum and Solana DeFi Applications:

StrongHodl provides APIs for easy integration with major Ethereum and Solana DeFi platforms, including Lido, Aave, Eigenlayer on Ethereum, and Jito, Solayer, and Save on Solana. This connectivity allows shBTC holders to access staking, lending, and liquidity provision across DeFi, maximizing yield potential.

7. Decentralized Governance through StrongHodl DAO

StrongHodl plans to establish a decentralized autonomous organization (DAO) for community-driven decision-making. This DAO will enable stakeholders to shape the project’s future direction through a decentralized voting process, giving users a meaningful role in governance.

8. Comprehensive Layer-1 and Layer-2 Integrations

StrongHodl aims for broad integration across leading layer-1 and layer-2 solutions, both existing and emerging. By ensuring that shBTC is widely accepted as collateral and backed 1:1 by native BTC, StrongHodl maximizes accessibility and utility in a rapidly expanding DeFi landscape.

9. Incentive Structure

StrongHodl’s incentive system redistributes a portion of generated revenues back to the community. Active users are rewarded through Babylon and StrongHodl points, airdrops of StrongHodl tokens and other project tokens, and additional rewards unlocked through holding shBTC, enhancing yield generation within the ecosystem.

10. Immediate Liquidity with shBTC

Through the issuance of shBTC, which is backed 1:1 by staked BTC in Babylon, StrongHodl offers immediate liquidity, allowing users to generate additional income in the DeFi ecosystem while their assets remain securely staked.