The Bitcoin ecosystem is evolving, and Bedrock is leading the charge. We're thrilled to introduce brBTC, your key to unlocking BTCFi 2.0—a new era of financial opportunities for Bitcoin holders.

To understand the significance of brBTC and BTCFi 2.0, let's take a look at how Bitcoin's role in DeFi has evolved.

From Digital Gold to Financial Powerhouse: Bitcoin's DeFi Evolution

Bitcoin, once viewed primarily as “digital gold,” is now transforming into a dynamic financial ecosystem. This shift is largely driven by the rise of Bitcoin DeFi (BTCFi).

BTCFi 1.0 marked the first significant step in this evolution, demonstrating the potential for Bitcoin to be more than just a "buy and hold" asset. Platforms like Babylon pioneered this movement, attracting over 54,000 BTC to their staking protocols and showcasing the hunger for Bitcoin-based financial products.

BTCFi 1.0 introduced Bitcoin to DeFi, providing us with an initial glimpse of the potential of BTC yield generation. But it wasn’t without its hurdles.

Despite its early success, the ecosystem faced fragmentation, with yield opportunities scattered across various platforms, making it challenging for users to efficiently maximize returns. Restaking options were still emerging, while real-world use cases remained limited.

These gaps revealed the need for BTCFi 2.0—an evolved era designed to bring cohesion. This concept unlocks diversified yield strategies and fully integrates Bitcoin into decentralized finance.

Overcoming the Limitations: How BTCFi 2.0 Fixes BTCFi 1.0 Growing Pains

BTCFi 2.0 introduces enhanced security through advanced Layer-2 (L2) solutions and expands sustainable yield generation methods. This includes options like staking, lending, and stablecoin integration, all designed to generate long-term value.

Furthermore, BTCFi 2.0 prioritizes a collaborative approach, moving beyond single-platform dominance to foster a more inclusive and robust ecosystem. It also aims to tackle key challenges such as fragmentation, limited restaking options, and the need for greater real-world use cases for Bitcoin.

Introducing brBTC: Your Gateway to BTCFi 2.0

brBTC is Bedrock's innovative Liquid Restaking Token (LRT), designed to maximize your Bitcoin yield in the era of BTCFi 2.0. It allows users to deposit various Bitcoin derivatives and earn rewards from a curated selection of restaking protocols.

Zhuling Chen, Bedrock's Core Contributor, shared his thoughts on brBTC's launch, "brBTC will be the catalyst for driving BTCFI into its next phase, BTCFI 2.0. It will enable multi-source yield through interoperability and help to secure and unite the fragmented liquidity in the ecosystem."

Calvin Zhou, another Core Contributor at Bedrock, echoed this enthusiasm. "By enhancing Bitcoin's utility and staking capabilities, BTCFI 2.0 and brBTC not only unlocks new financial opportunities but also strengthens the overall security and resilience of the decentralized ecosystem," Zhou stated.

In its first phase, brBTC will be available on both Ethereum and BNB Chain. More chains will be added in the second phase to further expand brBTC's reach and accessibility.

Here's how brBTC empowers you:

• Unified Ecosystem

  brBTC aims to reduce market fragmentation by providing a seamless integration across different DeFi platforms, making your Bitcoin work more cohesively within the broader ecosystem.

brBTC accepts the following BTC derivative assets as collateral:

• WBTC

• FBTC

• mBTC

• cbBTC

• BTCB

• uniBTC

Additional assets will be introduced over time.

These collaterals are dynamically allocated across multiple staking protocols. Allocation ratios may vary over time, ensuring that brBTC holders always benefit from the most competitive restaking yields available.

• Enhanced Yield Strategies

  It opens up multiple avenues for yield generation, not just through staking but by leveraging a variety of restaking protocols. On launch day, the restaking protocols included are:

  • Babylon

  • Kernel

  • Pell

  • SatLayer

  • Mellow

  • Symbiotic

This initial set of protocols offers diversified sources for returns, allowing users to explore different yield opportunities from the outset. Moreover, with scalability in mind, additional restaking protocols will be introduced over time.

• Real World Application

  Beyond traditional DeFi yield, brBTC is engineered to support real-world use cases, from collateral in financial products to enabling microtransactions and more, thus bridging the gap between digital assets and tangible financial utilities.

How to Mint brBTC: A Step-by-Step Guide

Minting brBTC is a simple and seamless process. Here’s how you can get started:

1. Visit the Minting Page
   Head over to our dApp’s minting page here.

2. Connect Your Wallet
   Use your preferred wallet to connect to the dApp seamlessly.

3. Choose Your Network
   Under the “Stake” menu, select your desired network. Currently, brBTC is available on Ethereum and BNB Chain, with more networks to come.

4. Select Your Asset
   Choose from accepted collateral assets like WBTC, FBTC, cbBTC, mBTC, and uniBTC.

5. Input Stake Amount
   Enter the amount you want to stake and click the “Approve” button.

That’s it! You’re ready to unlock BTCFi 2.0 opportunities.

Ready to embark on this exciting journey? Visit the brBTC minting page now and be a part of the BTCFi 2.0 revolution!

About Bedrock

Bedrock leads the DeFi space with its unique offerings. As the first multi-asset restaking protocol, Bedrock supports BTC, ETH, and IOTX liquid restaking. This capability allows users to unlock impressive yields, with some exceeding three digits—all while maintaining asset exposure.

Bedrock has proven its dominance by providing the highest Babylon points in Cap 1 and Cap 2. Backed by notable investors like OKX Ventures and Babylon's co-founder, Bedrock ensures robust security and seamless cross-chain functionality.

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