Prometheus: Phase One

Phase One of OmniBit’s launch focuses on establishing a robust and secure system for non-custodial Bitcoin staking and the issuance of Liquid Staking Tokens (LSTs) on Proof-of-Stake (PoS) networks. By integrating advanced cryptographic tools and secure key management systems, this phase ensures a seamless, secure, and decentralised process for Bitcoin holders to participate in PoS ecosystems without relinquishing control over their assets providing a new liquidity layer for POS networks.

---

The foundation of Phase One is the non-custodial Bitcoin vault, a secure and transparent mechanism for managing Bitcoin staking. This vault is paired with Liquid Staking Token (oBTC) issuance, which allows users to retain liquidity while staking their Bitcoin. The architecture is built to provide scalability, security, and interoperability with PoS networks.