YBTC: The Active Bitcoin Asset: Once your Bitcoin is on the Bitlayer network as YBTC, its utility expands dramatically. It's fully backed 1:1 by your locked BTC, but now it's a productive asset. You can use it to:Earn Yield: Lend your YBTC on platforms like LayerBank to earn interest.
Provide Liquidity: Participate in decentralized exchanges (DEXs) like Macaron to earn trading fees.Pay Gas Fees: Use YBTC to pay for transactions, eliminating the need to hold a separate native token.A Scalable EVM-Compatible Rollup: Bitlayer operates as a rollup, which processes a high volume of transactions off-chain for speed and low cost. The real innovation lies in its EVM compatibility. This allows developers from the massive Ethereum ecosystem to seamlessly migrate or build new decentralized applications (dApps) on Bitlayer with familiar tools (Solidity, etc.). As a result, Bitlayer has already seen a rapid onboarding of over 200 dApps in DeFi, gaming, and NFTs since its mainnet launch, creating a diverse and growing ecosystem from day one.
