Protocol architecture

Babylon Protocol Foundation

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

Key Components

Synthetic BTC (shBTC) Minting

The protocol allows users to mint shBTC by collateralizing assets on Ethereum or Solana. Minted shBTC can then be utilized across the DeFi ecosystem of the supported chains.

Cross-Chain Bridging

The StrongHODL bridge enables users to seamlessly transfer shBTC between Ethereum and Solana, enhancing accessibility and flexibility within both chains’ DeFi applications.

Role-Based User Management

The protocol implements a role-based access model, granting users varying privileges based on their engagement level:

• 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

Through Dune integration, StrongHODL offers a real-time analytics dashboard, tracking metrics such as transaction volumes, user participation, and liquidity pools. This empowers users to make data-driven decisions.

Protocol Components

1. Minting Mechanism: Supports collateralized shBTC creation on Ethereum or Solana using Babylon Protocol.

2. Bridging Mechanism: A secure and efficient cross-chain bridge for shBTC transfers between Ethereum and Solana.

3. Role-Based Access Control: Backend management for user permissions and role-based activities.

4. DeFi Integration APIs: Open APIs for seamless shBTC integration 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: Coming soon...

  • Solana DeFi: Coming soon...

  • Bridging Solution: Coming soon...

  • Analytics Provider: Dune

APIs

DeFi Integration API (Ethereum)

Enables shBTC to interact with Ethereum-based DeFi platforms, supporting staking, lending, and liquidity provisioning.

DeFi Integration API (Solana)

Provides shBTC functionality within Solana’s DeFi ecosystem, allowing participation in staking, lending, and other financial products.

User Data API

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