Bitcoin's Smart Contract Revolution: REE and RichSwap Launch

The Bitcoin Programmability Expansion Protocol (REE) and its ecosystem RichSwap have been launched simultaneously, marking the dawn of native smart contracts on the Bitcoin mainnet. This development is set to revolutionize the Bitcoin ecosystem, enabling a wide range of decentralized applications (dApps) and financial services.

REE, developed by Omnity Network, is a decentralized execution layer for Bitcoin that achieves Turing-complete smart contract capability without the need for cross-chain assets. It is built on the ICP public chain and innovatively proposes the Decentralized PSBT Signing (DPS) technology. This allows smart contracts on ICP to act as transaction counterparts and directly participate in multi-party transactions on the Bitcoin mainnet. REE supports multiple protocol combinations, such as Swap → Lending → Staking, through dynamically constructing PSBT to achieve atomic-level transactions.

RichSwap, the first application in the REE ecosystem, is a truly decentralized Rune Automated Market Maker (AMM) Decentralized Exchange (DEX). It operates on the "optimistic execution, batch settlement" innovative mechanism, enabling sub-second transactions without cross-chain assets. This results in a 100x speedup compared to the traditional confirmation speed of the Bitcoin mainnet. RichSwap has committed to donating protocol revenue to the Rune HOPE•YOU•GET•RICH initiative.

Omnity Network is building a complete BTCFi infrastructure through three core products: the Bitcoin-native smart contract platform REE, the liquidity hub RichSwap, and the cross-chain protocol Omnity Hub. The goal is to provide a fast, simple, low-cost, and entirely on-chain solution to transform Bitcoin into a global economic settlement layer and a fertile ground for digital financial innovation.