@BitlayerLabs Binance wallet users please note — Phase three of the Bitlayer promotion event officially starts today, with a reward pool of 5.15 million BTR waiting for you to share. The event lasts until August 29, and users holding 61+ Alpha points can participate through the booster entry on the wallet discovery page. This time, the gameplay focuses more on the staking scenario of YBTC.B, where 30,000 users who deposit any amount of YBTC.B into the Plume DeFi Vault can share 1.2 million BTR. The tiered reward pool setup is quite enticing: deposit 0.005 YBTC.B to draw 60 BTR, 0.05 YBTC.B to draw 525 BTR, 0.5 YBTC.B to draw 1000 BTR, and 1 YBTC.B to directly receive 4000 BTR. The 400 users holding the lucky helmet NFT can also share an additional 800,000 BTR.
The Bitlayer project is indeed worth a closer look. It has turned the BitVM concept from the white paper into a practical solution, supporting high-performance Rollups with a Bitcoin underlying security architecture, addressing the long-standing smart contract bottleneck of the Bitcoin network. Its core innovation, YBTC.B, serves as a cross-chain liquidity standard, pegged 1:1 to native BTC while connecting to the EVM ecosystem, which is a rare design in the current Bitcoin Layer2 track. From a technical perspective, the BitVM bridge they are building will achieve truly trustless cross-chain capabilities, combined with yield protocols like Plume, indeed opening up new possibilities for Bitcoin DeFi.
