Introduction

What is GoWrap?

GoWrap is a cutting-edge cross-chain DeFi protocol tailored for BRC20. It's designed to integrate BRC20 seamlessly into the broader blockchain ecosystem by offering features like AMM swapping, liquidity mining, and lending. The goal is to enable cross-chain interoperability for BRC20 and provide a comprehensive suite of decentralized financial services, enhancing their functionality and utility across various blockchain networks.

Why GoWrap?

BRC-20, inspired by Ethereum's ERC-20, is a token standard that operates primarily on the Bitcoin blockchain. It facilitates token creation and transfer via the Ordinals protocol but has certain limitations:

• Functional Limitations: BRC-20 offers a basic feature set compared to ERC-20, lacking robust on-chain execution abilities. Its state updates and transfers rely on off-chain JSON inscriptions, constraining its interactive and functional capabilities.

• Nascent Development Ecosystem: As a relatively new and experimental standard, BRC-20 has limited development tools, documentation, and community support, which narrows the scope for developer engagement and innovation.

• Scalability Hurdles: The Bitcoin network's limitations in processing speed and capacity often lead to issues like network congestion, transaction delays, and increased costs for BRC-20.

GoWrap is conceived to address the challenges of low capital efficiency and transparency issues in the centralized exchanges within the current BRC20 ecosystem. It aims to revolutionize the user experience by enhancing the liquidity, accessibility, and transparency of BRC20. By doing so, GoWrap seeks to elevate the financial dynamics and growth of the entire ecosystem, breathing new life into the expansion of BRC20.