As the BTCFi ecosystem continues to expand, the influence of Bitlayer is gradually becoming evident. Recently, @BitlayerLabs announced: the $YBTC.B vault on FolksFinance has accumulated over 50+ YBTC deposits, which not only signifies the growth of funds but also represents the steady increase in user trust and adoption of the Bitlayer ecosystem.
YBTC.B is a highly representative asset of Bitlayer in the BTCFi ecosystem, entering the on-chain world through the BitVM Bridge, and achieving scalability and high performance via the Bitcoin Rollup network. Users do not need to sell BTC to release liquidity and participate in DeFi yields, marking an important step in the transformation of Bitcoin from a 'store of value' to 'value appreciation'.
The recent performance data from FolksFinance perfectly illustrates that Bitlayer's vision is not just a concept but is being materialized. From the initial Bridge architecture, to the deployment of Rollup, and collaborations with multi-chain ecosystems (Sui, Base, Arbitrum, Cardano), as well as support from mining pools like Antpool, F2pool, and SpiderPool, Bitlayer has gradually become the 'liquidity entry point' of the BTCFi ecosystem.
The ongoing Booster Phase 3 event is also allowing more users to participate. The total prize pool is as high as 5.15M $BTR, combining YBTC.B deposits with the Lucky Helmet NFT mechanism, providing both returns and identity credentials, allowing community members to gradually enter the world of BTCFi through experience.
The future of Bitcoin's DeFi is being built bit by bit in the hands of Bitlayer.
📌 @BitlayerLabs #Bitlayer
