Hashkey Grant Application: Huskey Fi

[nyangbari]

Grant Type

Session 1

Email

[email protected]

Telegram

https://t.me/HuskeyFi

X/Twitter Handle

https://x.com/huskeyfi

Discord/Community

https://discord.gg/KrZMpXeX

Previous Application

N/A

Code Audit

For the DEX related code source, it is a clean fork version of PancakeSwap V3. Smart Contract audits to improve platform security will be conducted by third-party specialized organizations.

Project Information

1. Project Description and Objectives

1.1 Project Description

Our project aims to bring more Bitcoin to the Hashkey ecosystem by igniting BTC-fi and PayFi through the connection between Bitcoin Lightning Network (Layer2) and Hashkey chain.

There have been numerous Bitcoin L2 and Alt-layer projects launched so far, but they have rather created Bitcoin fragmentation issues and failed to attract much attention from Bitcoin Maxis.

We aim to establish the Hashkey chain as a liquidity hub for Bitcoin by building one massive Lightning Network node and developing a Bitcoin-centric DEX and Bitcoin multi-chain bridge including the Lightning Network.

1.2 Objectives

• (Seamless Integration) Create a liquidity hub for Bitcoin by ensuring full interoperability with Lightning Network, the leader in Bitcoin-based PayFi, and the Hashkey chain.
• (Bitcoin-centric DeFi protocol) Building a DEX and lending protocol with Bitcoin and veHSK as underlying assets, unlike general purpose DEXs.
• (Bitcoin Multi-chain Bridge) Building a bridge to connect Wrapped BTC fragmented across multiple chains, including Native BTC and Lightning Network.
• (Sharing of Fee Revenue) The funds raised through the sale of Huskey Fi’s Key Nodes are used to build Lightning Network nodes, and LN fee revenue is shared 100% transparently with token holders.
• (Sustainable Ecosystem Growth) Huskey Fi is a Bitcoin-centric DeFi platform that supports DEX, Lending, and Multi-chain Bridge, and all of these platform revenues are shared with token holders, promoting long-term sustainability.

2. Success Potential

2.1 Market Demand

Bitcoin is the most important underlying asset in all public chain ecosystems along with various Stablecoins. To solve the problems of high fees and low TPS of Bitcoin mainnet, various Bitcoin L2s and Alt-layers are being released.

However, there has been no attempt to connect Lightning Network, a scaling solution that can be called Bitcoin's true L2, with EVM compatible chains. We want to bring more Bitcoin to Hashkey chain as a liquidity hub that connects LN and Hashkey Chain.

2.2 Technical Feasibility

Leveraging the established Hashkey exchange and Hashkey chain ecosystem provides a solid technical foundation to ensure scalability, security, and stability. Our team has the expertise required to set up and operate Lightning Network nodes, develop mobile wallets, develop blockchain, program smart contracts, and design decentralized applications (DApps), allowing us to build a solid platform. Bitcoin and Lightning Network are inherently tied to the CEX and on-chain, making it technically ideal to develop our product on the Hashkey chain.

2.3 Team Capability

Our core team consists of experienced professionals with diverse backgrounds in Lightning Network node setup, mobile wallets, blockchain technology (including smart contracts), software development, exchanges, and AC/VC collaboration.

The backgrounds of these core members ensure that we can effectively address both the technical and community-focused aspects of the project. We have experience working with various chains and foundations since 2017, and our advisory board includes industry experts who provide strategic guidance and support, expanding the ecosystem through partnerships.

3. Mission Alignment

We have the same mission as stated in the HSK whitepaper.

3.1 Enhanced Scalability and Performance

The Lightning Network is a true scaling solution for Bitcoin that has been in development for a long time. We want to combine the security of the Hashkey Chain with the scalability of the Lightning Network, and maximize Bitcoin's performance by connecting to other LN channels.

3.2 Fostering Innovation and Participation

We provide all users and token holders with the opportunity to become part of the Lightning Network node. Users can purchase HusKEY nodes or become token holders to earn Bitcoin fee revenue generated by the Lightning Network.

3.3 Sustainable Ecosystem Growth

Huskey Fi is not just a Lightning Network node operator nor a general purpose DEX. It is a Bitcoin-centric DeFi protocol that supports various functions such as DEX, Lending, and Bitcoin bridge. By distributing the profits collected from each product to veHSK stakers, HusKEY node holders, and token holders, it encourages continuous community participation and builds a sustainable ecosystem.

3.4 Seamless Integration with Existing Infrastructure

We have experience working with various foundations and project teams such as Kaia Foundation, LINE NEXT, Endurance chain, Token Pocket, Steemit Foundation, EOS Network Foundation, etc., and have already launched and operated the Zoel Network mobile wallet. Based on this background, we will expand the platform through collaboration with various teams.

4. Innovation

4.1. 1st LN Integrated Liquidity Layer

While most existing Bitcoin L2s are nothing more than EVM fork chains, Huskey Fi runs its own LN node and connects LN to the Hashkey Chain. The Lightning Network has about 12k nodes and 45k channels, and has a revenue model where fees are actually generated based on user usage.

4.2 L2 Interchain Integration

Lightning Network is the Bitcoin scaling solution with the largest community and developers, and has a high potential for long-term growth. In the future, Taproot Assets and ERC20 tokens will create synergy through compatibility with each other.

4.3 Flywheel of Bitcoin and HSK

Token holders can stake HSK (or veHSK) on Huskey Fi to earn H (tentative name), which can then be used to earn Bitcoin. Conversely, it is also possible to stake Bitcoin or H to earn HSK. All revenue generated from DEX, Lending, Bridge, and LN Node fees is included in the yield pool.

4.4 Community-driven Bitcoin Nodes
Many people want to create and operate Bitcoin LN nodes and channels, but the practical operation is very difficult due to technical and funding issues. We build a Bitcoin node where all community members who own a Huskey node can continuously accumulate BTC.

5. Is it Open Source?

Yes, the code is currently closed source. Open sourcing is important. Projects open source once development is in a stable state. Code will be open source when it’s secure to do so.

6. Free or fee-based for end users?

Swaps, Bridges, Lending, etc. that utilize our platform basically have fees. However, these fees are shared transparently with liquidity providers, depositors, and stakers.

7. Interoperability with Hashkey ecosystem

7.1 Alignment with HSK
Our platform uses Bitcoin and HSK as underlying assets. Liquidity providers of Bitcoin can obtain HSK, and HSK stakers can obtain BTC. Through alignment with HSK, we aim to continuously inject value into the Hashkey ecosystem.

7.2 Cross-platform collaboration
Our platform facilitates interoperability with Hashkey-based applications and services in line with Hashkey's ecosystem and OP Stack standards. Furthermore, we will connect EVM Compatible chains and Lightning Network to create value through cross-chain collaboration.

7.3 Synergy with Hashkey Exchange
Currently, exchanges such as Binance, OKX, Bitfinex, and Kraken operate their own Lightning Network nodes and support Bitcoin deposits and withdrawals on the Lightning Network. We expect that Hashkey Exchange will also operate an LN node in the future. At that time, connecting our channels will have a great synergy effect between CEX and DeFi.

Market Analysis

1. Competitors and Differentiation

1.1 Competitors

Currently, L2 or staking protocols, Alt-layer projects centered around Bitcoin exist widely across multiple public chains. Below are some of the projects that are receiving the most attention in the market (some of which are also part of Hashkey Capital’s investment portfolio):

• Merlin chain : https://merlinchain.io/ - Native Bitcoin Layer1
• Bitlayer : https://www.bitlayer.org/ - Bitcoin Layer 2 Based on the BitVM
• BEVM : https://www.bevm.io/ - Bitcoin Layer 2 built on Taproot Consensus
• BVM : https://bvm.network/ - Development infrastructure for Bitcoin
• Zeus Network : https://zeusnetwork.xyz/ - A decentralized, permissionless communication layer that bridges the Bitcoin & Solana blockchains

1.2 Differentiation

The projects listed above aim to build their own L1 or L2 chains (except Zeus Network) by bringing native Bitcoin to their chain and using it as gas fees, and their native tokens usually have the structure of a governance token.

We provide a utility token as a liquidity hub layer that operates on top of the Hashkey chain and Lightning Network. Token holders can share in the platform's fees and also participate in the platform's governance voting (all platform fees are in HSK, not our token). Building a chain can be very risky in terms of security, as the chain itself can become isolated if done wrong.

2. Current User Base and Estimation Method

2.1 Current User Base

Huskey Fi is still in the pre-release development phase and doesn't have a user base yet. We have experience running applications on the Steem and Kaia blockchains, and currently run the most dominant LST and DEX on Fusionist's Endurance mainnet.

Considering the characteristics of our products, our user base using Analogous estimation is as follows:

2.2 Estimation Method : Analogous estimation

PJTs	Active Users	Token	LN Compatible	EVM Compatible
Lightning Network	279K-1.1M	X	O	X
LN Mobile Wallet	1.8M-3.7M	X	O	X
Merlin Chain	2.4M	O	X	O
Bitlayer	955K	O	X	O
BVM	5,712	O	X	O
Zeus Network	101K	O	X	X

• Reference 1 : https://coingate.com/blog/post/lightning-network-year-over-year-data
• Reference 2 : https://river.com/learn/files/river-lightning-report-2023.pdf

The active users of competing projects similar to ours are showing a large deviation. Based on a positive estimate, we can bring Lightning Network users to the Hashkey chain ecosystem, in which case the user base can be at least 1.1M.

On the other hand, based on a pessimistic estimate, it can be in the range of 5K to 100K. (Of course, BVM and Zeus Network are still in the early stages of launch, and can have a larger user base depending on market conditions and continuous product delivery.)

Our primary goal is to attract 100K active users, and our ultimate goal is to attract 1M users by the end of 2025.

Recipient Address

0xD5B90aFc836C74237Ac41d06f08960e0309D1195

Budget and Plan

1. Grant Size and Justification

We are seeking a total of $300,000 in grants to successfully develop and launch the initial Huskey Fi. The funds will be allocated to a number of key areas to ensure the initial DEX pool seeding, comprehensive development, distribution, and initial growth of the project.

Distribution	Budget	%	Details
Development	$90,000	30%	Funding the core dev team(inc; blockchain engineers, smart contract developers, and FE/BE developers
Initial LP seed	$120,000	40%	Initial LP Pool Seeding (eg. HSK-USDT / WBTC-HSK / ETH-HSK $40,000 each)
Community Building	$45,000	15%	Initial Community Engagement Initiatives, Marketing Campaigns
Audit & Security	$30,000	10%	To ensure the safety of our platform by commissioning a third-party expert agency to conduct an audit of Smart Contact.
Operation Cost	$15,000	5%	Legal fees for privacy protection and user terms of use, etc.
Total	$300,000	100%	-

2. Project Execution Plan (Roadmap)

We are fully prepared to launch a DEX that supports basic functionality and are currently undergoing ongoing testing on the testnet. Our project roadmap outlines the key milestones and steps from inception to full deployment.

The roadmap ensures structured and phased progress over a period of 18 months or more, taking into account what is achievable in the short term.

Phase	Period	Milestone
Phase1 : Initiating	2025. 01.	Launch of Hashkey chain native DEX with basic features, community engagement initiative event, Huskey PFP launch
Phase2 : Bootstrapping	2025.02.	HusKEY Node sales, Community expansion, partnerships with other platforms in the Hashkey chain ecosystem, HuskeyFi Beta launch
Phase3 : LN Node Activation	2025. Q2	Bootstrapping Bitcoin Lightning Network Nodes, Launching LN-Supported Mobile Wallets
Phase4 : Official Launch & TGE	2025. Q3	Platform full launch (including DEX, staking, and Huskey Node onboarding features), Token launch (initially tokens will be provided in the form of vesting for node purchasers)
Phase5 : Multichain Bridge	2025. Q4	Bridge development (a multi-chain bridge that can bring Wrapped Bitcoin spread across other chains, including Native Bitcoin mainnet and Lightning Network, to the Hashkey chain)
Phase6 : BTC Earn(Aggregation)	2026.H1	Launching a multi-chain farming pool with a business model similar to YFI or Pendle

3. Token Distribution (Percentages and Initiatives)

1. Node Rewards (50% Token Allocation)

• The largest token quota is allocated to nodes, so we set the vesting period to ensure the ecosystem is sustainable for as long as possible
• 856,000 per day (96 months linear vesting)

2. Team (16% Token Allocation)

• 0% immediate release, 12 months cliff, 48 months linear vesting

3. Seed (VC, KOL & Community Vaults) (10% Token Allocation)

• 0% immediate release, 12 months cliff, 36 months linear vesting
• Allocation for early investors, reverts to treasury if not allocated, to be used as needed for future development and unexpected expenses

4. Community & Ecosystem Treasury (13% Token Allocation)

• Treasury managed by council, 24 months linear vesting
• Used strategically for community and ecosystem development
• Allocated based on platform growth and engagement metrics for contributor rewards, ecosystem project funding, and marketing

5. Additional User Airdrops (1% Token Allocation)

• Airdrop mechanism for pre/post TGE
• Rewards for real users

6. Market Making (3% Token Allocation)

• To prepare for an exchange listing

7. Liquidity (5% Token Allocation)

• 100% immediate release for DEX liquidity provision

8. Partnerships & Advisor (2% Token Allocation)

• 0% immediate release, 12 months cliff, 36 months linear vesting
• Allocated for strategic partnerships in the Hashkey ecosystem

4. Token Distribution Timeline

Distribution	% of Tokens	#Tokens	Vesting
Node	50%	2,500,000,000	856,000 per day (96 months linear vesting)
Seed (VC, KOL & Community Vaults	10%	500,000,000	12 months cliff, 36 months linear vesting
Community & Ecosystem Treasury	13%	650,000,000	24 months linear vesting
Additional User Airdrop	1%	50,000,000	Airdrop mechanism for pre/post TGE
MM	3%	150,000,000	Release over time based demand & modeling
Team	16%	800,000,000	12 months cliff, 48 months linear vesting
Liquidity	5%	250,000,000	100% immediate release
Partner & Advisor	2%	100,000,000	12 months cliff, 36 months linear vesting
Total	100%	5,000,000,000	-

Distribution	#Tokens	Release TGE	Release First 12m
Node	2,500,000,000	0%	12.49%
Seed (VC, KOL & Community Vaults	500,000,000	0%	0%
Community & Ecosystem Treasury	650,000,000	0%	0%
Additional User Airdrop	50,000,000	33.33%	66.66%
MM	150,000,000	100%	0%
Team	800,000,000	0%	0%
Liquidity	250,000,000	100%	100%
Partner & Advisor	100,000,000	0%	0%
Total	5,000,000,000	8.33%	14.91%

For more detailed information, please check the link below.

• https://docs.google.com/spreadsheets/d/1hgpNcjK1gK6xNT6ugxNx9rbFa-KFAHpajScmnZW19lE/edit?gid=0#gid=0

5. Post-Incentives Sustainability

5.1 Revenue Model

1. HusKEY Node Sales Setting up the Lightning Network node and connecting major channels requires a lot of cost, and we want to raise this cost through node sales. Due to its unique characteristics, LN has a large capacity and the more major nodes and channels are connected, the higher the utilization rate. We transparently share the revenue generated from LN nodes with HusKEY Node holders.
2. Lightning Network Fees The Lightning Network processes more than 16% of all BTC, and its usage is continuously increasing. A portion of the Lightning Network node fees is distributed to the team.
3. Swap and Lending Fees Swap fees and lending fees generated from the Bitcoin-centric Huskey Fi DEX are one of the important revenue models.
4. Multichain Bridge Fees We will start with a bridge connecting the Hashkey chain and Lightning Network, and connect various EVM compatible chains and Bitcoin L2s. We anticipate that the bridge fees generated here will be our largest source of revenue in the long term.

5.2 Building a Sustainable Tokenomics Architecture

1. [Phase 1] Inflation > Deflation

In the early stages of the platform, before the Lightning Network nodes are fully set up, node holders and Token Stakers will receive our tokens. In order to manage the appropriate circulation quantity, they will be paid in the form of vesting tokens in the early stages.

1. [Phase 2] Inflation = Deflation

In the platform expansion stage, when Lightning Network nodes start generating BTC fees, we will adjust the inflation rate and deflation rate to be similar by allowing users who burn tokens to claim Bitcoin.

1. [Phase 3] Inflation < Deflation In the platform stabilization stage, we will need to burn more tokens in order to claim revenue generated from various sources. Our goal is to ultimately build a deflationary token economy through a burn or staking mandatory mechanism.

5.3 Security-first Development

The top priority for a DeFi protocol to thrive and succeed in the long term is “security-first development.” Many DeFi protocols have been destroyed by hackers targeting vulnerabilities. We have the following development strategies to achieve our long-term goals:

1. Third-party audits of all smart contracts While audit results do not guarantee security, we will focus on reducing vulnerabilities as much as possible through cross-validation and finding and improving any areas that our core team may have missed.
2. Communication with developers from other projects We aim to participate in Hashkey chain-related events as much as possible, and communicate and network with developers from other projects on a regular basis. We will also run a Bug Bounty to create a more secure platform.
3. Cooperation with the Hashkey chain team One of the things that impressed us most about Hackerhouse is that the Hashkey chain team fully supports the builder team, helping them immerse themselves in the ecosystem. As a builder with long-term goals, our main goal is to actively communicate and cooperate with the Hashkey chain team.

6. Additional Accountability Info (Smart Contract Addresses, Wallet Addresses, etc)

Name	Contract Address
Universal Router	0x72F48286A280940AbfA3460783e22729DA09458d
V3 Pool Deployer	0xbF4528D3c4c0922029B828b1A878aE78951f65a3
V3 Factory	0x48517c889cF9De316711077835c33243E2F021ee
Swap Router	0xBFAFa19c54f3eE4aF92b58AF30CA283B8162D58b
Position Manager	0x49A5B1A60dF367D40Df907E715Db1A54c67B3a2e
V3Migrator	0x94bb075d96b9456a57b1b46cc40ab57Cfd448Da2
Smart Router	0x656Dc43503165FF9e6E199CA3530299F6BAED0Ad
Master Chef	0xe505Ec567d07b9aE9e7C855f5251bc67e72BDE53
V2 Factory	0x89cA51f192D8Ee643Cb0552B45448BD4b3b114d3
V2 Router	0x285924Afe9e38A020dc107D5E484026697b6983c

Hashkey Relationship

1. Problem Solved for Hashkey

1.1 Enhancing User Engagement Hashkey Chain will be launching great products from Hashkey Capitadl’s portfolio. However, users are always looking for new products, and we believe our products will reflect their needs well. We are particularly strong in GTM strategies in the Korean market, and will enhance user engagement on Hashkey Chain through collaboration with KOLs.

1.2 Facilitating HSK Staking HSK is in its early stages of launch, and many users are simply focusing on the Launchpool of Hashkey Exchange. By creating use cases in DeFi rather than CEX, we will diversify the utility of the HSK token and encourage more HSK to be locked on-chain.

1.3 Actively Attracting Bitcoin Liquidity Our platform has the ability to embrace Bitcoiners who are reluctant to move their assets to other chains through integration with Lightning Network. We will actively attract Bitcoin liquidity and create PayFi use cases to contribute to improving the on-chain TVL of Hashkey Chain.

1.4 Contribute to increasing Onchain TVL By locking various tokens including Bitcoin, Ethereum, HSK, and Stablecoins on the onchain, we continuously contribute to increasing Onchain TVL of the Hashkey chain.

2. Value Proposition

2.1 For users Many users want to accumulate Bitcoin. And the Lightning Network, which has grown by over 1,000% over the past few years, is a true scaling solution where fees are paid in real BTC. We will integrate the technology and security of the Hashkey chain with the convenience of the Lightning Network to create a platform where users can accumulate BTC as well as our tokens.

2.2 For builders All of our code will be open sourced once it has stabilized to some extent. There are many great projects in the Hashkey Group portfolio, and we will create synergy effects through collaboration with them. Continuous connections with other chains will attract more builders to the Hashkey chain.

2.3. For the chain ecosystem Until now, the EVM compatible chains and the Lightning Network ecosystem have been completely separate from each other. Huskey Fi will play a role in connecting the Bitcoin community and the HSK community through its connection to the Lightning Network.

3. Growth Potential for Hashkey

Global leading exchanges such as Binance, OKX, and Bitfinex are already operating large-scale Lightning Network nodes and supporting Bitcoin deposits and withdrawals via LN.

LN Node	Categories	Capacity	Pubkey	Ages
WalletOfSatoshi	Wallet	177.8 BTC	035e4ff418fc8b5554c5d9eea66396c227bd429a3251c8cbc711002ba215bfc226	4yrs
Kraken	Exchange	277 BTC	02f1a8c87607f415c8f22c00593002775941dea48869ce23096af27b0cfdcc0b69	3yrs
Bitfinex	Exchange	852 BTC	033d8656219478701227199cbd6f670335c8d408a92ae88b962c49d4dc0e83e025	5yrs
OKX	Exchange	754 BTC	0294ac3e099def03c12a37e30fe5364b1223fd60069869142ef96580c8439c2e0a	4yrs
Binance	Exchange	648 BTC	03a1f3afd646d77bdaf545cceaf079bab6057eae52c6319b63b5803d0989d6a72f	1yrs

Hashkey chain is a chain that is fully compatible with Hashkey Exchange, so if exchanges start supporting Lightning Network deposits and withdrawals, they can bring in a lot of Bitcoin liquidity from other exchanges that do not support it.

Huskey Fi can grow into a protocol that strongly supports this in the DeFi area rather than CeFi, and can create new value by connecting the thriving Bitcoin and Lightning Network ecosystems to the Hashkey chain ecosystem. As more countries adopt Bitcoin as a fiat currency and the Lightning Network-based payment volume increases, we expect all this liquidity to be connected to the Hashkey chain.

4. Commitment to Building on Hashkey

4.1 Long-term Builder We have been a builder on so-called classic chains such as Ethereum, EOS, Tron, Steem, Kaia (formerly Klaytn), and Cosmos since 2017. This is a testament to the continued commitment of our core team to the long-term. We view our relationship with Hashkey as a long-term partnership. Most of our team are early miners of HSK and are also large token holders of HSK.

4.2 Ecosystem Contribution Our team is a Korean-based team and one of the foreign teams that participated in Hashkey Hackerhouse Taichu from farthest away. Korea is one of the markets that the Hashkey ecosystem is most focused on, and we will contribute to the ecosystem in various areas such as content sourcing, marketing through collaboration with KOLs, as well as development.

4.3 Hashkey chain dedicated platform development Based on our development experience on other chains, we are committed to developing a dedicated platform that makes the most of the Hashkey blockchain infrastructure. We focus on how we can contribute to increasing the on-chain TVL of Hashkey chain in the long term and how we can contribute to the value enhancement of HSK.

5. Deployment Status

Details of addresses related to Smart Contracts are listed above, so here we will introduce the general ones that we are currently operating on the Hashkey chain.

Project	Description	Status
Hashkey Fullnode(RPC)	For stable service operation, we operate Hashkey Full-Node(Archive Node)	Online
TheGraph(Subgraph)	In order to operate the service efficiently, we operate The Graph Node and Subgraph ourselves.	Online
DEX Contract	V3 based DEX Contracts	Deployed(Verification coming soon)
DEX Frontend	https://huskeyfi.com	Deployed
DEX Backend(API)	Backend for Huskey Fi	Completed
NFT(PFP) Launchpad	NFT Launchpad code	Developing
HusKEY Node Launchpad	Development of a contract for selling nodes based on NFT (ERC-721)	Scheduled
Lending	Development of Lending protocol based on veHSK	Scheduled
Lightning Network Node	Lightning Network Daemon(Developed by Lightning Labs)	Online
Lightning Network Mobile Wallet	Custody LN Wallet Development completed (currently under maintenance)	Online(*Currently under maintenance)
Hashkey - LN Bridge	A Bitcoin-specific multichain bridge connecting EVM-compatible chains and the Lightning Network	Scheduled

Milestones

[Milestone 1] - Initiate Project & Basic features development

• Timeline : 2025. 01
• Launch of Hashkey chain native DEX with basic features
• Community engagement initiative event
• Huskey PFP NFT launch

[Milestone 2] - Bootstrapping & Community Expansion

• Timeline : 2025. 02-03
• Seed Round Fundraising & HusKEY Node Sales
• Community expansion
• Partnerships with other platforms in the Hashkey chain ecosystem
• HuskeyFi Beta launch

[Milestone 3] - Activation of Lightning Network Node

• Timeline : 2025. 04-06
• Bootstrapping Bitcoin Lightning Network Nodes
• Launching LN-Supported Mobile Wallets

[Milestone 4] - Official Launching & TGE

• Timeline : 2025. 07-09
• Platform full launch (including DEX, staking, and Huskey Node onboarding features)
• TGE (initially tokens will be provided in the form of vesting for node purchasers)
• Initial Listing

[Milestone 5] - Multi-chain Ecosystem Expansion

• Timeline : 2025. 10-12
• Bridge development (a multi-chain bridge that can bring Wrapped Bitcoin spread across other chains, including Native Bitcoin mainnet and Lightning Network, to the Hashkey chain)

Terms Confirmation

• I confirm that all information provided is true and accurate
• I understand and agree to comply with the grant policies
• I understand the KYC requirements
• I confirm token distribution complies with legal requirements

[SpectreMercury]

LGFM!
We could schedule a meeting, and talk more details about project and grants~