Flyover is the latest addition to IoV Labs' suite of open-source protocols. The solution will help speed up BTC transfers through liquidity providers.
Flyover is the latest addition to IoV Labs’ suite of open-source protocols. The solution will help speed up BTC transfers through liquidity providers.
South American blockchain technology company IoV Labs has launched its Rootstock Infrastructure Framework Flyover designed to enable seamless bitcoin transfers., the open-source protocol would act as a bridge to enable faster transactions between the mainIoV Labs’ RIF is a suite of open, decentralized infrastructure protocols that allow for the faster development of scalable decentralized applications within a unified environment. RIF Flyover is the latest addition to the protocol set.
RIF Flyover, known as a Repayment Protocol, is designed to enable smooth and quicker transfers betweenAlthough Flyover acts as a bridge, it uses non-custodial bridging methods, unlike traditional cross-chain bridges. The protocol’s design ensures secure cross-chain transfers, as users do not need to give third parties access to their funds or private keys.
Once the assets are transferred to Rootstock, users use RBTC, a BTC-pegged native token of the sidechain, to interact with a range of services. “We can’t wait to see how the community uses the protocol to develop unique solutions. RIF Flyover is now available as part of the Rootstock Infrastructure Framework , an open-source suite of products and protocols that enable developers to quickly and easily develop and launch new DeFi services,” Lerner added.
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