Ordibank

Ordibank is a pioneering borrowing and lending protocol operating on Bitcoin's Layer 1 (L1). It integrates the logic of Compound Finance within an off-chain balance state processing environment. As the first of its kind, it inaugurates the BTCFI ecosystem, providing a specialized money market for Atomicals and BRC20 standards. Ordibank leverages the decentralized and secure nature of Bitcoin while offering the programmable versatility of decentralized finance (DeFi).

Ordibank utilizes Bitcoin's infrastructure by integrating robust Bitcoin nodes through Bitcoin Core v25.1 and ord v0.14. This integration ensures secure and decentralized operations while Ordibank employs virtualized smart contract logic and off-chain balance states. By operating on Bitcoin L1, it maintains the security and decentralization of the Bitcoin blockchain, supporting advanced financial functionalities in its protocol.

Ordibank distinguishes itself by being the first native borrowing and lending protocol on Bitcoin, integrating blockchain security with decentralized finance (DeFi) capabilities. Unlike other platforms, it offers a specialized money market for Atomicals and BRC20 standards, enabling users to leverage Bitcoin's decentralized network with modern financial logic derived from protocols like Compound Finance, ensuring robustness and versatility.

Within Ordibank, Atomicals and BRC20 standards represent the new financial instruments supported by its money market. Atomicals are unique financial assets, while BRC20 standards denote a Bitcoin-native token protocol similar to Ethereum's ERC20. These standards allow users to engage in borrowing and lending operations by leveraging these novel Bitcoin-based assets, enhancing the versatility and functionality of Ordibank's protocol.

Ordibank operates on Bitcoin Layer 1, leveraging Bitcoin's robust and secure infrastructure. In contrast, many DeFi platforms are built on Ethereum's blockchain. Ordibank is the first to introduce borrowing and lending functionalities natively on Bitcoin, offering unique money markets for Bitcoin-specific standards like Atomicals and BRC20, all while maintaining Bitcoin's decentralized ethos compared to Ethereum's often higher programmability.

If you encounter issues while using Ordibank, first consult the documentation and support resources available on their platform. These might include FAQs, guides, or user forums. If the problem persists, reaching out to Ordibank's support team is advisable. Ensuring that your Bitcoin Core and ord software is updated to the recommended versions (v25.1 and v0.14) can also resolve many common issues.