Bitlayer: The 'Gene Editing' Moment of Bitcoin Finance
1. The 'Trust Minimization' Revolution of BitVM
Traditional cross-chain bridges rely on multi-signature nodes, while BitVM Bridge only requires 1 honest participant to ensure security. Through the 'Prepayment + Challenge Verification' mechanism, any node can initiate a fraud proof, and violators will have their deposits automatically forfeited. This design directly anchors cross-chain security to the Bitcoin mainnet, which has operated for 3 months handling 120,000 transactions with zero incidents.
2. YBTC: The 'Yield Double Helix' of the Third Generation Wrapped BTC
YBTC is not only a 1:1 pegged BTC token but also integrates the dual genes of security + yield:
• Security: Minted through BitVM Bridge, all on-chain operations of YBTC are ultimately verified by the Bitcoin mainnet;
• Yield: Staking on the Sui chain for interest (annualized 8.7%), cross-chain arbitrage on Arbitrum (single transaction yield of 0.5-2%), and even participating in NFT liquidity mining on Cardano. Franklin Templeton has converted $116.7 million BTC to YBTC, increasing annualized yield to 6.3%.
3. The 'Ecological Catalyst' of CreatorPad
1. Developer's 'LEGO Factory'
Through the 'EVM Compatible Layer', Ethereum developers can directly reuse 90% of their code, migrating DeFi protocols to the Bitlayer network. Currently, 127 projects have completed the migration, including the lending protocol LendFy, which manages $1 billion in assets.
2. User's 'Task Laboratory'
The 'Booster Activities' transform DeFi operations into gaming tasks:
• Beginner Task: Exchange YBTC for USDC to unlock the 'Cross-Chain Explorer' badge (reward 0.01 BTR);
• Advanced Task: Combine liquidity pool arbitrage across 3 chains to earn the title of 'Strategy Master' (reward 0.1 BTR).
3. Institution's 'Compliance Channel'
In response to SEC requirements, CreatorPad launched the 'Institutional Level YBTC Pool':
• The flow of funds is fully traceable on-chain, supporting audit tracing;
• Built-in 'Smart Circuit Breaker' automatically converts back to BTC when market volatility exceeds 15%.
