Protocol architecture

Babylon Protocol Foundation

StrongHODL is built on Babylon Protocol, providing the infrastructure for secure synthetic asset minting, cross-chain bridging, and decentralized governance. Babylon’s architecture ensures secure, reliable management of synthetic BTC across Ethereum and Solana.

Synthetic BTC (shBTC) Minting

The protocol enables users to mint shBTC by collateralizing assets on either Ethereum or Solana. Minted shBTC can then be used across the selected chain’s DeFi ecosystem.

Cross-Chain Bridging

The StrongHODL bridge allows users to seamlessly transfer shBTC between Ethereum and Solana, providing flexibility and enhancing accessibility to DeFi applications on both chains.

Role-Based User Management

The protocol’s role-based access model grants users different privileges based on their engagement within the platform:

• Basic User: Standard access for minting and managing shBTC.

• Liquidity Provider: Privileged access with reduced fees for providing liquidity.

• Governance Participant: Voting rights for protocol decisions and governance proposals.

Real-Time On-Chain Analytics

Using Dune integration, StrongHODL offers a real-time analytics dashboard that tracks metrics such as transaction volumes, user engagement, and liquidity pools, helping users make informed decisions.

Protocol Components

1. Minting Mechanism:

Supports collateralized creation of shBTC on Ethereum or Solana using Babylon Protocol.

2. Bridge Mechanism:

A secure, efficient bridge for shBTC transfers between Ethereum and Solana.

3. Role-Based Access Control: Backend management for user permissions and activity-based roles.

4. API for DeFi Integration:

Open APIs that support seamless integration of shBTC with Ethereum and Solana DeFi platforms.

5. Analytics Dashboard:

A Dune-powered dashboard offering real-time tracking of protocol usage and performance metrics.

Technical Specifications

Blockchain Compatibility:

Ethereum and Solana

Protocol Foundation:

Babylon Protocol

Supported Integrations:

• Ethereum DeFi: Lido, Aave, Eigenlayer

• Solana DeFi: Jito, Solayer, Save

• Bridging Solution: Cross-chain bridge for shBTC transfers

• Analytics Provider: Dune

APIs

DeFi Integration API (Ethereum)

Enables shBTC to interact with Ethereum-based DeFi platforms, allowing for staking, lending, and liquidity provision.

DeFi Integration API (Solana)

Provides functionality for shBTC within Solana’s DeFi ecosystem, enabling access to staking, lending, and other financial products.

User Data API

Offers analytics on user roles, activity, and metrics for role-based engagement and monitoring.