Fiamma BTCPrice

(FIABTC)

Fiamma is a non-custodial, trust-minimized bridge. It uses Isolated Safe Architecture (ISA), meaning each user's BTC is held in an individual vault (UTXO) co-controlled by the user and a committee, rather than a single large multisig pool. This design ensures that users retain control of their assets. Furthermore, the project has undergone security audits by reputable firms like OpenZeppelin to ensure the robustness of its smart contracts and bridging mechanisms.

BitVM2 is the core technology that enables Fiamma to verify Zero-Knowledge Proofs (ZKPs) optimistically on the Bitcoin blockchain. It allows the system to prove the validity of transactions without requiring changes to Bitcoin’s consensus rules. If a bridge operator attempts to cheat, any participant can challenge them directly on Bitcoin Layer 1 to prove the fraud. This mechanism provides a high level of security, ensuring that cross-chain transfers are mathematically verifiable and protected against malicious actors.

Fiabtc is a 1:1 Bitcoin-pegged wrapped token designed for use within DeFi ecosystems across multiple chains. Its primary purpose is to provide liquidity for yield farming, lending, and trading. $MAMA, on the other hand, is the native governance token of the Fiamma project. While fiabtc is a utility asset for Bitcoin holders, $MAMA is used for protocol governance and is the primary reward for participants in the "Mission Fiamma" campaign and "The Alpaca Show" incentive programs.

Users earn Alpaca Points by participating in several ecosystem activities. This includes minting fiabtc by bridging native BTC, with early participants receiving an 8x point multiplier. Points are also earned by holding fiabtc on supported chains such as Sei or Aptos. Additionally, users can maximize their rewards by depositing fiabtc into partner DeFi protocols for lending or liquidity provision. A referral program is also available, allowing users to invite others to "The Alpaca Show" to increase their reward multipliers.

Fiamma supports over 11 major blockchain networks, including Ethereum, Arbitrum, Aptos, Sei, BNB Chain, Base, and Solana. This allows for broad interoperability across the DeFi space. For wallet compatibility, users are encouraged to use secure, LBank-supported interfaces or standard Bitcoin and EVM-compatible wallets. These tools allow users to manage their native BTC on one side and their wrapped fiabtc assets on the other, facilitating seamless cross-chain movement of Bitcoin liquidity.

The Fiamma bridge currently facilitates transactions ranging from a minimum of 0.0002 BTC to a maximum of 3 BTC. In terms of speed, Fiamma offers optimized withdrawal modes that can process transfers back to native Bitcoin in as little as 30 seconds. While these optimized modes are highly efficient, actual confirmation times may vary depending on network congestion on the destination chain. This focus on speed and accessibility makes it one of the most efficient solutions for Bitcoin liquidity.