Bitcoin needs one last step to transform from 'digital gold' to 'financial instrument': a flexible and usable financial infrastructure. This is what Bitlayer aims to achieve.
It allows listed companies to use Bitcoin for compliant financial management and enables traditional financial institutions to operate securely across chains. These are not just small frictions within the crypto space. Through YBTC, users can automatically earn returns by storing Bitcoin without having to learn complex DeFi terminology; with multi-chain interoperability, Bitcoin can circulate in different ecosystems, and liquidity has multiplied several times.
The team says that by 2025, they want the APR of the lending protocol to be 2-3 times higher than Ethereum's and also support off-chain asset issuance. This is quite an ambition, but considering the current progress—$550 million locked, over 300 projects, endorsements from top institutions—it might really be able to turn Bitcoin from a 'store of value' into a 'money-making tool'.@BitlayerLabs #Bitlayer
