KO
|
EN
gitlite — search
Search
#javascript
#python
#hacktoberfest
#react
#ai
#typescript
#llm
#go
#golang
#android
#machine-learning
#rust
#deep-learning
#linux
OrdDeFi-Virtual-Machine
★ 12
Open GitHub ↗
No description available.
Download README (.md)
Explore Similar Repositories
Kicad-Bluetooth-Feasycom-projekt-library
:
KiCad 7 Library for the FSC-BT1026 Modul and schematic with FSC-BT1026 and PCM5102
marketing-landing-page-design
:
Landing page design for a marketing company.
KyberKotlin
:
ML-KEM's Super Fast Kotlin Implementation
UGI
:
Urban Generative Intelligence (UGI): A Foundational Platform for Embodied Agent and Future City
RXRENDER
:
enhance the graphic rendering capabilities of android devices
// repository documentation
Was this content helpful?
★ 0
(0 ratings)
Select Rating:
★
★
★
★
★
Submit Feedback
Recent Feedback
×
Download README
Do you want to download the
README.md
file for
OrdDeFi-Virtual-Machine
?
Download (.md)
# Introduction The `OrdDeFi-Virtual-Machine` serves as an indexer / virtual machine specifically designed for the OrdDeFi ecosystem. Its primary function is to compute and query the asset balances within OrdDeFi. This tool plays a crucial role in ensuring accurate and up-to-date information regarding the holdings of various assets managed or utilized by OrdDeFi participants. By leveraging the capabilities of this virtual machine, users and developers alike can efficiently access detailed balance information, facilitating better decision-making and smoother operations within the OrdDeFi framework. It is experimental software with no warranty. See [LICENSE] for more details. ### AMM Operations in OrdDeFi In the financial sector, there are three crucial applications: asset issuance, trading, and lending. BRC-20 has made significant progress in asset issuance. OrdDeFi expands the BRC-20 instruction set and provides a native Automated Market Maker (AMM) protocol on Bitcoin L1, achieving the second application: trading. In addition to the deploy, mint, and transfer instructions in BRC-20, OrdDeFi introduces additional instructions: `addlp` (add liquidity provider), `swap`, and `rmlp` (remove liquidity provider). These instructions enable users to utilize AMM algorithms for automated market-making and trading of OrdDeFi protocol assets on L1. ### Fair Mint Made Even Fairer In the current BRC-20 fair mint process, batch minting and repeated minting allow for the engraving of a large number of tokens by splitting the outputs or splitting the transaction. This leads to a more concentrated distribution of tokens. As a result, transaction fees on the Bitcoin network are driven up, and participating users incur higher costs without receiving a proportional increase in tokens. OrdDeFi has addressed this issue with optimizations. On one hand, by imposing restrictions on `TxIn[0]` and the output index from the previous transaction, only the first mint instruction becomes effective when generating multiple mint instructions through repeat mint. On the other hand, OrdDeFi introduces the address limit setting in the `deploy` operation, allowing the deployer to restrict the maximum number of mints per individual address. These measures promote a more decentralized token distribution within the OrdDeFi protocol and enhance the fairness of the fair mint process. ### Extended Deploy and Transfer OrdDeFi has made the following expansions to the `deploy` and `transfer` instructions: * The deploy instruction in OrdDeFi now includes the `desc` and `icon` parameters, allowing the deployer to provide a short description and an icon image. Additionally, the deploy instruction introduces the `alim` parameter (address limit) to impose restrictions on the maximum quantity of tokens that can be minted by a single address. * The transfer instruction in OrdDeFi adds the "to" parameter, enabling users to transfer assets in a single transaction, eliminating the need for separate "inscribe transfer" and "send transfer UTXO" steps. See [docs/1.Intro.md](https://github.com/OrdDefi/OrdDefi-Virtual-Machine/blob/main/docs/1.Intro.md) for details. # Ecosystem Design In OrdDeFi, there are two enhanced assets: ODFI and ODGV. ODFI is the primary coin of the OrdDeFi protocol, offering the following features: * Fee collection by adding liquidity provider * Transaction fee discounts at swap ODGV is the governance coin of the OrdDeFi protocol. See [docs/2.Ecosystem.md](https://github.com/OrdDefi/OrdDefi-Virtual-Machine/blob/main/docs/2.Ecosystem.md) for details. # Build, Index and Query assets To start indexer: ``` go build ./OrdDeFi-Virtual-Machine ``` See [docs/3.BuildAndUseIndexer.md](https://github.com/OrdDefi/OrdDefi-Virtual-Machine/blob/main/docs/3.BuildAndUseIndexer.md) for details. # Operations ## Operation Compiler See [docs/4.1.OperationCompiler.md](https://github.com/OrdDefi/OrdDefi-Virtual-Machine/blob/main/docs/4.1.OperationCompiler.md) for details. ## Operations A typical `deploy` instruction: ``` { "p":"orddefi", "op":"deploy", "tick":"half", "max":"210000000", "lim":"1000", "alim":"1000", "desc":"meme coin of Hal Finney", "icon":"Base64 string of icon" } ``` A typical `mint` instruction: ``` { "p":"orddefi", "op":"mint", "tick":"odfi", "amt":"1000" } ``` A typical UTXO transfer instruction: ``` { "p":"orddefi", "op":"transfer", "tick":"odfi", "amt":"1000" } ``` A typical `addlp` instruction: ``` { "p":"orddefi", "op":"addlp", "ltick":"odfi", "rtick":"odgv", "lamt":"1000", "ramt":"1000" } ``` A typical `swap` instruction: ``` { "p":"orddefi", "op":"swap", "ltick":"odfi", "rtick":"odgv", "spend":"odfi", "amt":"1000" } ``` A `swap` instruction with `threshold` parameter: ``` { "p":"orddefi", "op":"swap", "ltick":"odfi", "rtick":"odgv", "spend":"odfi", "amt":"1000", "threshold":"0.005" } ``` A typical `rmlp` instruction: ``` { "p":"orddefi", "op":"rmlp", "ltick":"odfi", "rtick":"odgv", "amt":"1000" } ``` See [docs/4.2.Operations.md](https://github.com/OrdDefi/OrdDefi-Virtual-Machine/blob/main/docs/4.2.Operations.md) for details. # Inscriber For enhancing security during the inscription of operations such as mint, addlp, rmlp, swap, and direct-transfer (specified as transfer with a to parameter), it is crucial to adhere to specific transaction (tx) guidelines. These guidelines dictate that the first transaction input (TxIn[0]) in the commit transaction must match the first transaction output (TxOut[0]) in the reveal transaction. Additionally, the final transaction output (TxOut[-1]) in the commit transaction must be an OpReturn containing the data orddefi:auth. Any instruction failing to meet these criteria will be terminated for safety reasons. To successfully execute the operations mint, addlp, rmlp, swap, and transfer with a specified to parameter, utilize the [OrdDeFi-Inscribe](https://github.com/OrdDeFi/OrdDeFi-Inscribe) tool. For detailed guidance and to ensure compliance with the required transaction structures, thoroughly review the [readme file](https://github.com/OrdDeFi/OrdDeFi-Inscribe/blob/main/README.md) of the [OrdDeFi-Inscribe](https://github.com/OrdDeFi/OrdDeFi-Inscribe) repository. # LICENSE [GNU GENERAL PUBLIC LICENSE](https://github.com/OrdDefi/OrdDefi-Virtual-Machine/blob/main/LICENSE) # Get the Latest News Follow the [Official OrdDeFi Twitter](https://twitter.com/OrdDeFi)
