LeverFi, a top web3 innovation team, has unveiled OmniZK, a secure validation protocol for Bitcoin that allows developers to create advanced DeFi applications by moving complex logic to EVM networks and relaying verified outcomes with zkOracles. This protocol's flexible design enables non-custodial contracts to be settled on the Bitcoin network securely.

OmniZK is a revolutionary validation protocol for Bitcoin that expands possibilities for DeFi and omnichain interactions. By shifting complex computations to EVM layers and relaying verified event outcomes to the Bitcoin network, developers can build scalable and programmable native applications on Bitcoin that can handle complex scenarios.

OmniZK addresses the challenge of developing complex applications on the Bitcoin network due to Bitcoin Script's limitations. The protocol offers a modular framework for creating non-custodial Discreet Log Contracts (DLCs) secured by event proofs generated by zkOracles. OmniRelayers ensure contract settlement security on the Bitcoin network by transmitting and signing only verified event outcomes.

The OmniZK SDK empowers developers to build DLC applications that use verified event data from EVM networks for contract settlement on Bitcoin. This enables various Bitcoin use cases such as non-custodial BTC liquid staking, cross-chain Bitcoin DeFi markets, decentralized asset bridges, and omnichain liquidity management.

LeverFi's Head of Developer Relations, Charissa K, mentioned, "OmniZK is a significant advancement for Bitcoin DeFi and interoperability. By offering secure, non-custodial contracts settling on the Bitcoin network, we are unlocking new possibilities for Bitcoin developers and users."

Applications created with OmniZK complement Bitcoin L2s by interacting and communicating with them while settling natively on Bitcoin. This creates opportunities for applications like wrapping BTC assets agnostic to chains without custodial requirements on L2 bridges.

LeverFi's ecosystem, including the OmniZK protocol, operates on the LEVER token available on major global exchanges. OmniRelayers can stake LEVER to participate in securing, operating, and governing the OmniZK network, earning staking rewards and contract gas fees. There will also be a delegation program for staking with validators.

LEVER token holders enjoy various benefits including access to LeverPro launchpad for Bitcoin DeFi projects and reduced fees on the non-custodial swap platform. LeverFi invites developers and validators to explore the potential of OmniZK and start creating the next generation of Bitcoin DeFi applications.

LeverFi, supported by top-tier investors, is a leading web3 innovation firm pushing the boundaries of decentralized finance. With a focus on advancing Bitcoin and global web3 ecosystems, LeverFi aims to open up new possibilities and opportunities in the decentralized finance space.