Recently, Momentum has partnered with the pioneer of the Bitcoin ecosystem: @BitlayerLabs to reshape the BTCFi landscape on the Sui chain and unlock more potential for users.
Bitlayer, as the first truly BitVM-driven second-layer network for Bitcoin, has attracted attention since its inception.
Its BitVM Bridge enables trustless Bitcoin cross-chain transactions, allowing Bitcoin to be securely migrated to its own ecosystem, providing Bitcoin-level security guarantees combined with real-time execution technology.
And YBTC.B, as @BitlayerLabs launched wrapped Bitcoin, is a new benchmark for cross-chain liquidity. Whether EVM or non-EVM chains, it allows the deployment of native Bitcoin to multi-chain DeFi ecosystems, enabling Bitcoin to exert its value in different scenarios.
Today, with the support of Momentum, funds can further flow into the Sui DeFi ecosystem, creating more revenue opportunities for users. Users can participate in lending, liquidity mining, and other activities on the Sui chain through YBTC.B, with annualized returns of up to 10%-20%.
It is foreseeable that the collaboration between Momentum and Bitlayer will bring unprecedented vitality to BTCFi on the Sui chain, leading Bitcoin to new heights in the decentralized finance field. #Bitlayer
