SINGAPORE, December 20th, 2024 — Bedrock introduces brBTC, a Liquid Restaking Token (LRT) poised to redefine Bitcoin's role in DeFi. As BTCFi 2.0 emerges, brBTC empowers users with diversified yield opportunities and real-world applications for their Bitcoin assets.
From digital gold to financial powerhouse: Bitcoin's DeFi evolution
Bitcoin, once hailed as "digital gold," is transforming into a dynamic financial ecosystem. BTCFi 1.0 showcased Bitcoin's potential beyond "buy and hold," with platforms like Babylon leading the charge by attracting over 54,000 BTC to staking protocols. However, the first iteration faced challenges, including ecosystem fragmentation and limited restaking options, signaling the need for BTCFi 2.0.
BTCFi 2.0: Advancing Bitcoin Staking
BTCFi 2.0 addresses prior limitations with:
- Enhanced Security: Utilizing Layer-2 (L2) solutions.
- Sustainable Yield: Offering staking, lending, and stablecoin integration.
- Unified Ecosystem: Promoting interoperability and inclusivity.
- Real-World Applications: Expanding Bitcoin's utility in financial products and microtransactions.
Enter brBTC: Gateway to BTCFi 2.0
brBTC maximizes Bitcoin yields by allowing users to deposit Bitcoin derivatives and earn rewards from multiple restaking protocols. It integrates seamlessly into diverse DeFi platforms and supports the following derivatives:
- WBTC
- FBTC
- mBTC
- cbBTC
- BTCB
- uniBTC
Zhuling Chen, Core Contributor at Bedrock, stated:
"brBTC catalyzes BTCFi’s next phase by enabling multi-source yield through interoperability and uniting fragmented liquidity across the ecosystem."
Calvin Zhou, another Core Contributor, added:
"BTCFi 2.0 and brBTC enhance Bitcoin’s utility and staking capabilities, unlocking new financial opportunities while strengthening the decentralized ecosystem's resilience."
Key Features of brBTC
1. Unified ecosystem
brBTC integrates Bitcoin derivatives into a cohesive ecosystem, reducing fragmentation and improving user experience.
2. Enhanced yield strategies
brBTC offers multiple yield avenues through protocols such as:
- Babylon
- Kernel
- Pell
- SatLayer
- Mellow
- Symbiotic
This diverse set of protocols ensures robust returns. More will be added over time to further scale opportunities.
3. Real-world applications
brBTC supports financial products, microtransactions, and other utilities, bridging digital assets with tangible use cases.
A phased approach
Initially launching on Ethereum and BNB Chain, brBTC plans to expand to additional chains, enhancing accessibility and reach.
Join the BTCFi 2.0 Revolution
Explore the transformative potential of BTCFi 2.0. Visit the brBTC minting page today.
About Bedrock
Bedrock leads the decentralized finance space as the first multi-asset restaking protocol for BTC, ETH, and IOTX. Delivering yields exceeding three digits and maintaining asset exposure, Bedrock sets the standard for innovation. Backed by OKX Ventures and Babylon’s co-founder, Bedrock ensures robust security and cross-chain functionality.
Official Links
Website | App | Documentation | Blog | X (Twitter) | Discord | Telegram
Contact:
- Adam Wong
- Head of Marketing
- [email protected]