Protocol/Project Name:
Obelisk
One sentence description of the Protocol:
Obelisk is a product launched by the NodeDAO team, aiming to create a transparent and trustworthy secure BTC asset aggregation environment, fosteringthe development of BTC CeDeFi (Centralized-Decentralized Finance).
Protocol Overview:
Introduction
Obelisk is a product launched by the NodeDAO team, aiming to create atransparent and trustworthy secure BTC asset aggregation environment, fosteringthe development of BTC CeDeFi(Centralized-Decentralized Finance).
The project involves locking underlying assets (native Bitcoin) while issuing a LCT {Liquid Custody Token), oBTC (Obelisk BTC), to unlock the potential of having liquidity from a native Bitcoin. It seeks returns on the underlying asset through DeFi applications on other relevant platforms.
MS Receiver Address:
oeth:0x186e2B901e5f9507FD217D3f70C016193613fFd9
mode:0x186e2B901e5f9507FD217D3f70C016193613fFd9
Specify the MS (multisig) receiver addresses where, if voted to receive, the token incentives should be sent. This address will be used for the distribution of incentives.
*NOTE: Must have the same MS address on Mode and Optimism (for Merkl purposes). How-To Guide:
Distribution Confirmation:
100% of incentives must be distributed to protocol users
Merkl or Fuul should be set up using the same MS listed above for incentive distribution (https://merkl.angle.money/) (https://www.fuul.xyz/).
Please contact Merkl for assistance if needed (TG: @baptistg)
Please contact Fuul for assistance (TG: @arditlgr)
We confirm that we will use Merkl or Fuul to distribute the incentives received.
Other Distribution Channels: If you plan to distribute incentives via channels other than Merkl or Fuul, please provide reasoning or justification and a detailed description of the planned mechanism of distribution and transparent tracking of metrics. OP incentives distributed via channels other than Merkl/Fuul need to target assets on Mode and must be claimable/distributed on Optimism Mainnet. $OP cannot be sold and then distributed (Collective Grant Policies - Governance Fund Missions 🏹 - Optimism Collective).
Incentive Impact Statement:
The token incentives from Season III will play a pivotal role in driving user adoption for our BTC staking protocol. By offering rewards that align with user contributions, we create an attractive entry point for new users while fostering loyalty among existing participants.
These incentives will not only increase user growth by lowering the barriers to entry but also enhance engagement by encouraging active participation in staking and governance activities. Over time, this sustained engagement contributes to the long-term sustainability of our protocol, as a vibrant and committed user base strengthens the ecosystem, promotes organic growth, and builds trust within the community.
Eligibility Criteria:
obtc contract
：0xe3C0FF176eF92FC225096C6d1788cCB818808b35
Link to .svg file for your logo
Contact Information: