New Opportunities for Bitcoin Applications! #Bitlayer allows $BTC to play, use, and generate profits

When it comes to Bitcoin, are you still hesitating about "buying or not, holding or not"? @BitlayerLabs has opened a new track: building a dedicated Bitcoin application ecosystem, turning BTC from an asset that can only observe market trends into a "utility coin" that can play DeFi, use NFTs, and generate returns, completely unlocking a new avenue for Bitcoin applications.

In the past, Bitcoin struggled to enter the DeFi circle, primarily due to "insufficient programmability." @BitlayerLabs has specifically built a Layer 2 smart contract layer: inheriting Bitcoin's native high security, free from network risks; while also supporting complex contract logic to meet different application needs. Now developers are showcasing their skills on #Bitlayer : creating lending applications where BTC can help users borrow stablecoins; developing DEX where BTC can be freely exchanged with other assets; building yield aggregators where BTC can help users automatically find high-yield channels. After the launch of 15 DeFi applications, the ways to utilize BTC are increasing, no longer being a "neglected asset."

It's also particularly simple for users. The lightweight wallet of #Bitlayer simplifies complex processes—all without needing to remember technical terms, just open it to stake BTC for YBTC and earn stable interest; no need to understand technical principles, just a few clicks to complete cross-chain arbitrage with BTC, making assets active. Take lending as an example: collateralizing BTC to borrow stablecoins does not affect the subsequent price increase of BTC, while allowing the loan to be reinvested, increasing capital efficiency several times over. Data shows that users who operate this way see their asset utilization rate increase by 300% compared to simply holding BTC, and the speed of money generating money has also accelerated.

@BitlayerLabs is also expanding into new scenarios. #Bitlayer will soon bring BTC into NFT and GameFi—using BTC to purchase digital artworks, linking the value of collectibles to Bitcoin; using YBTC to play blockchain games, giving game assets BTC backing. The idea of "using BTC to play applications" is now becoming a reality on #Bitlayer .