Bitlayer is a Layer 2 infrastructure project for Bitcoin, launched in late 2023, utilizing Bitcoin Virtual Machine (BitVM) technology to address the limitations of Bitcoin in the decentralized finance (DeFi) sector. The goal of Bitlayer is to transform Bitcoin from a "static store of value" into a dynamic DeFi ecosystem, supporting features such as yield generation, lending, and flexible financial applications. @BitlayerLabs #BitlayerBounty