Tap Protocol (TAP) is an innovative token issuance framework built on Bitcoin, enhancing the functionality of BRC-20 tokens. It operates within the Ordinals Finance (OrdFi) space, allowing developers to create and manage assets directly on Bitcoin’s blockchain without needing Layer 2 solutions.
The protocol introduces several unique features, such as “tapping,” which simplifies transaction verification, and tools for seamless token transfers and staking. It also allows users to create customized tokens with enhanced flexibility, supporting complex DeFi operations like liquidity pools, swaps, and multi-send transactions. TAP is part of the Trac Ecosystem, which integrates with other components like Trac Core and Pipe Protocol to expand Bitcoin's use cases across finance, gaming, and NFTs.
With $4.2 million in funding from Sora Ventures, TAP aims to foster community-driven development, relying on its $TRAC token for governance. This protocol is positioned as a key player in bringing diverse decentralized finance features to Bitcoin, making it more accessible for developers and users alike.
