Bitlayer – Enhancing Bitcoin for DeFi
Bitcoin is known for its security and reliability, much like digital gold, but it has limitations when it comes to decentralised finance (DeFi) and smart contracts. Bitlayer addresses this gap.
Why Bitlayer is Important
Adds speed, smart contracts, and DeFi capabilities to Bitcoin.
Operates on top of Bitcoin, without making any risky alterations to the core system.
Preserves Bitcoin’s security at all times.
BitVM Bridge – Connecting BTC to DeFi Safely
Lock Bitcoin and receive YBTC, a token fully backed 1:1 by real BTC.
Verified through smart contracts, reducing the need for trust in custodians.
Transparent and trust-minimised.
YBTC – A More Efficient Bitcoin With YBTC, you can:
Earn yield
Trade in DeFi applications
Transfer BTC across different blockchains
Bitcoin Rollups – Faster and Scalable
Transactions happen within seconds.
Increased capacity for DeFi and decentralised apps.
Maintains the same level of security as Bitcoin.
In summary, Bitlayer transforms Bitcoin from a simple store of value into a powerful, yield-generating asset for DeFi.