Bitlayer Series ㊽: The Future of YBTC and Bitcoin: From Storage to Yield

Since its inception, Bitcoin has won a significant market share globally. As a secure and censorship-resistant digital asset, Bitcoin is widely regarded as 'digital gold.' However, with the continuous development of the decentralized finance (DeFi) ecosystem, Bitcoin's function as merely a value storage tool no longer meets the growing demands of modern investors. @BitlayerLabs has opened new avenues for the financialization of Bitcoin by launching YBTC.

YBTC is a yield-generating asset that allows Bitcoin holders to convert their Bitcoin into YBTC and participate in lending, liquidity mining, and other activities through DeFi protocols to earn yields. @BitlayerLabs 's BitVM Bridge technology enables YBTC to circulate across multiple public chains, thereby breaking the limitations of Bitcoin's native chain and allowing Bitcoin to flow freely in decentralized finance platforms on mainstream blockchains like Ethereum and BSC.

YBTC not only enhances the financial application scenarios of Bitcoin but also brings more earning opportunities for Bitcoin holders. This means Bitcoin is no longer limited to value storage but has become a financial asset that can participate in the global decentralized finance market. Through YBTC, Bitcoin holders can earn yields through activities such as liquidity provision and lending, thereby achieving asset appreciation.

With the development of decentralized finance, YBTC will undoubtedly become a core tool for Bitcoin's financialization, transforming Bitcoin from a singular storage tool into a multifunctional financial asset. #Bitlayer