Bitlayer is making waves in the Bitcoin DeFi space with its innovative BitVM Bridge!
This groundbreaking solution lets you convert #BTC to YBTC (pegged 1:1 with Bitcoin) using smart contracts and a challenge-based verification mechanism. This means you get the security and transparency of Bitcoin with the flexibility of DeFi.
Key Features of Bitlayer
➡️BitVM Bridge: Moves BTC into DeFi without losing safety. Locks BTC on Bitcoin's main chain and mints YBTC for use in DeFi.
➡️YBTC: A yield-bearing version of Bitcoin for trading, lending, staking, and earning yield.
➡️Bitlayer Rollup*: Enables super-fast transactions (under a second), low fees, and runs.
#Ethereum compatible apps while anchoring security back to Bitcoin.
Why Bitlayer Matters?
Bitlayer combines Bitcoin's rock-solid security with the scalability and flexibility needed for real DeFi applications.
It's like giving Bitcoin the infrastructure for a full DeFi ecosystem.
With partnerships like Antpool, F2Pool, and SpiderPool (controlling 36% of Bitcoin's hashrate), Bitlayer ensures efficient transaction processing.
Current Stats
➡️Over 250,000 daily transactions
➡️ $391M Total Value Locked (TVL)
Want to join the BTCFi future?
Explore the BitVM Bridge and participate in the “Booster” campaign for BTR token.
