🔔 Introduction:

To put it simply, mpBTC is a legitimate reason for BTC to mix in#Morph the ecosystem. mpBTC is equivalent to giving BTC a household registration, allowing it to flow, earn, and work on Morph, starting the life of an on-chain worker.

1️⃣ How does BTC enter Morph?

The key step to landing BTC on Morph is bridging. This bridge is built by Echo Protocol, and the entire process does not rely on centralized institutions, using a decentralized mechanism + hash time lock, ensuring both security and transparency.

For example, if you lock up BTC, the system will issue you an equivalent amount of mpBTC on Morph; the whole process is relatively simple, and the experience is not complicated. Once the bridge is functional, your BTC can enter Morph to start working.

2️⃣ After mpBTC goes live, the preferred trading method is BulbaSwap.

The most straightforward way to use mpBTC is trading, and this is where BulbaSwap comes in. It is the only ve model DEX on Morph, encouraging deeper and long-term participation compared to regular DEXs, and liquidity is quite good. Echo continuously bridges mpBTC in, and trading pairs naturally become active.

You can trade directly or provide liquidity in a pool to earn fees + dual rewards (Morph + BulbaSwap), with a low entry threshold, making it suitable for new users to try out.

3️⃣ For higher yields, check out Echo's re-staking options:

If you're not focused solely on trading and prefer working with assets, you can look into Echo's re-staking layer. By staking mpBTC into Echo Lend or strategy pools, you can earn Echo platform points on one hand, and on the other hand, the yield can go as high as 7%. Combined with Morph's Layer 2 structure, gas costs are extremely low, and the overall experience is virtually free of on-chain complexities.

Staking BTC used to rely on centralized platforms, but now it can be done on-chain and in a simple way.

4️⃣ The launch of mpBTC is the starting point for the BTC ecosystem on Morph:

Morph itself is a lightweight, EVM-compatible Layer 2, with good performance and low costs, and the ecosystem is gradually being built. mpBTC is the first anchor asset for BTC in the ecosystem, diversifying the ways to use BTC.

There will be more trading pools, re-staking activities, airdrops, or ecosystem collaborations in the future, such as working with projects like Morph Zoo, enhancing the sense of participation in mpBTC.

🎯 In conclusion:

mpBTC will not be the only one$BTC Asset anchor, but it is the first one on Morph. Participating at this point belongs to the first batch of users, the space is quite good.

Finally, I believe mpBTC is the beginning, but it may also represent a watershed moment for BTC in DeFi.