Introducing BTCFi 2.0 — the Future of Bitcoin Staking
Singapore, December 20, 2024 — bedrockone of the leading multi-asset rehypothecation protocols, introduces Bitcoin—A transformative BTC derivative asset designed to redefine Bitcoin’s role in decentralized finance (DeFi).
As Bedrock’s innovative Liquidity Re-staking Token (LRT), brBTC maximizes Bitcoin returns by enabling holders to deposit a variety of Bitcoin derivatives and earn rewards through a selection of advanced re-staking protocols.
BTCFi 1.0: A foundation with room for growth
The evolution of BTCFi began with BTCFi 1.0, laying the foundation for Bitcoin to be integrated into DeFi. This phase introduced a staking protocol that allowed Bitcoin holders to generate income and gave people a glimpse of Bitcoin’s potential in the field of decentralized finance. However, BTCFi 1.0 also exposed key challenges: fragmented liquidity across platforms, limited re-collateralization opportunities, and real-world applications that are largely untapped.
BTCFi 2.0 Vision
The launch of brBTC marks the Bitcoin CF 2.0— A new concept designed to address BTCFi’s current key challenges such as fragmented liquidity, limited re-collateralization opportunities, and lack of real-world use cases. BTCFi 2.0 introduces a more unified and efficient ecosystem, offers sustainable yield strategies, enhances security with Layer 2 (L2) solutions, and integrates with collaborative platforms.
Zhuling ChenBedrock’s core contributor shared his thoughts on the launch of brBTC, “brBTC will be the catalyst to drive BTCFI into the next phase of BTCFI 2.0. It will enable multi-source benefits through interoperability and help protect and unify the ecosystem. Decentralized mobility.”
Echoing this sentiment, Zhou JiawenAnother core contributor added, “By enhancing Bitcoin’s utility and staking capabilities, BTCFi 2.0 and brBTC not only unlock new financial opportunities, but also enhance the overall security and resiliency of the decentralized ecosystem.”
brBTC: The Game Changer for Bitcoin Earnings
Initially launched on the Ethereum and BNB chains, with plans to expand to other chains, brBTC supports investors through three core features:
- unified ecosystem
brBTC solves the challenge of market fragmentation by seamlessly integrating Bitcoin across multiple DeFi platforms.
By accepting a wide range of BTC derivative assets as collateral, including WBTC, FBTC, mBTC, cbBTC, BTCB and uniBTC—brBTC has created a cohesive and vibrant ecosystem.
Collateral distribution is optimized across multiple staking protocols to ensure holders benefit from the most competitive yields.
- Strategies to increase production
brBTC offers diverse yield generation options by leveraging re-staking protocols such as Babylon, Kernel, Pell, SatLayer, Mellow and Symbiotic. In addition, in order to further enhance brBTC’s liquidity and expand sustainable income opportunities, Bedrock has partnered with Thena and MEV Capital.
These collaborations ensure a solid and well-supported ecosystem that gives users access to competitive and scalable remortgage solutions.
With scalability in mind, more protocols and partnerships will be introduced over time to enhance yield strategies and unlock greater opportunities.
- Practical application
brBTC is designed with versatility in mind Bridging the gap between digital assets and physical utilities. Its application extends to collateral in financial products, enabling micro-transactions and supporting other real-world financial needs, thereby enhancing Bitcoin’s relevance in DeFi and traditional finance.
With BTCFi 2.0, Bedrock is ushering in a new era for Bitcoin holders, providing the tools to maximize returns, navigate a more cohesive ecosystem, and explore real-world applications. Driven by innovation and collaboration, brBTC will play a key role in shaping the future of decentralized finance on Bitcoin.
About bedrock
Bedrock leads the DeFi space with its unique products. As the first multi-asset re-hypothecation protocol, Bedrock supports BTC, ETH and IOTX liquidity re-hypothecation. This feature enables users to earn impressive yields, some exceeding triple digits, while maintaining asset exposure.
Bedrock proved its dominance by delivering the highest Babylon points in Cap 1 and Cap 2. Backed by prominent investors such as OKX Ventures and Babylon co-founders, Bedrock ensures strong security and seamless cross-chain functionality.
Official link
website | app | document | blog | X (Twitter) | Disharmonious | telegraph
touch
Adam Huang
marketing executive
