bfBTC Overview
Introduction
bfBTC is BitFi's cross-chain Bitcoin liquidity staking solution, allowing users to securely stake Bitcoin assets (including BTC, BTCB, WBTC, and hemiBTC) across multiple blockchain networks and mint bfBTC at real-time exchange rates. Users can redeem their staked assets with accrued yields by burning bfBTC.
Technical Foundation
bfBTC is built on an enhanced ERC-20 standard (supporting cross-chain transactions through LayerZero) and functions as a multichain Bitcoin-backed token.
Key Advantages
Multichain Interoperability: Use bfBTC on Ethereum (coming soon), BSC, Bitlayer and Hemi;
Yield Generation: Earn returns through protocol revenue sharing and liquidity staking incentives;
Risk Mitigation: Assets are held in custody with Ceffu and deployed in yield-generating strategies with capped volatility risk.
bfBTC establishes a trust-minimized bridge for Bitcoin to participate in multichain DeFi, combining:
The liquidity of Bitcoin
The programmability of ERC-20
Cross-chain settlement flexibility
Deployment Networks:
Mainnet:
Binance Smart Chain (BSC)
Bitlayer Mainnet (BTR)
Hemi Network (HEMI)
Testnet:
Ethereum Sepolia (Testnet)
Binance Smart Chain Testnet
Bitlayer Testnet
Hemi Sepolia (Testnet)
BFBTC on AILayer
AILayer's BFBTC has not yet activated quantitative strategies and currently functions solely as a 1:1 wrapped Bitcoin with no yield mechanisms implemented.
Overview
BFBTC (BitFi BTC) is a wrapped Bitcoin token designed to facilitate on-chain transactions in the DeFi space on AILayer. Fully backed 1:1 by BTC, BFBTC offers both security and reliability. It empowers users to leverage Bitcoin’s value in DeFi projects, creating new opportunities for financial growth.
Securely Bridging Bitcoin to the Future of Multichain Finance
Unlock the true potential of Bitcoin within the decentralized finance (DeFi) ecosystem. BFBTC enables secure, seamless transactions across multiple blockchain networks, providing a fully-backed solution for users.
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