Become a iBTC Liquidity Provider on Curve & Earn up to 10% APY and Other Rewards

The recent controversies surrounding wBTC's new custody model have sent ripples through the DeFi community, raising concerns about the security, transparency, and centralization of wrapped Bitcoin tokens.

As the industry grapples with these challenges, iBTC emerges as a superior alternative, offering a more secure, transparent, and decentralized solution.

Given the current market dynamics and the opportunity to earn substantial rewards as a iBTC LP on Curve, now is an ideal moment to explore iBTC.

Limited-Time Offer: Earn Up to 10% APY as a iBTC LP

In light of the current uncertainty surrounding wBTC, we’re offering a special promotion for users who become liquidity providers in our iBTC/wBTC Curve pool.

By providing liquidity, you can earn an attractive APY of up to 10%, a significant return in today’s market. Please note that the actual yield may vary based on pool liquidity.

This is more than just an opportunity to earn high rewards; it’s a chance to participate in a more secure and decentralized wrapped Bitcoin ecosystem.

With iBTC, you can safeguard your assets while benefiting from DeFi yield generation activities.

Bonus Incentives: Earn More with iBTC

We’re also offering additional rewards for iBTC holders and stakers during this promotion.

For a limited time, you can earn 1x points just for holding iBTC, and 5x points for staking it. These points can be redeemed for further rewards, amplifying your earnings.

Why iBTC is the Future of Wrapped Bitcoin

Decentralization and Security

Unlike wBTC, which is controlled by three institutions, iBTC leverages a 2-of-2 multisig model where the keys are split between the depositor and a decentralized network of attestors.

This setup reduces the risk of fraud and seizure, as the decentralized control eliminates single points of failure common in traditional custodial models, making the system more resilient to attacks.

Faster Transactions and Lower Fees

One of the key advantages of iBTC over wBTC is the speed and efficiency of transactions.

The process of wrapping and unwrapping wBTC involves manual steps and coordination among multiple institutions, often leading to delays that can stretch from several hours to over a day.

In contrast, iBTC utilizes DLCs to fully automate these processes, resulting in transaction times that are 3-10 times faster than wBTC.

Typically, iBTC transactions are completed within 3-6 Bitcoin block confirmations, or less than an hour.

Additionally, iBTC’s automated nature eliminates the overhead costs associated with custodial overhead, making iBTC up to 50% cheaper to use than wBTC.

Trust and Transparency

Transparency is another area where iBTC excels. All iBTC transactions occur on-chain, ensuring that every movement of Bitcoin is publicly verifiable.

Furthermore, iBTC has integrated Chainlink’s Proof-of-Reserve, providing another way of verifying the BTC reserves. This level of transparency and trust is critical in the DeFi ecosystem, where users demand assurance that their assets are secure.

Conclusion

As iBTC continues to gain momentum, we're excited to announce new opportunities for our users.

You can now borrow crvUSD against iBTC on Arbitrum, with the option to use up to 10x leverage and farm crvUSD as you desire. This opens up new avenues for yield generation and expands the utility of iBTC in the DeFi ecosystem.

But that's not all — iBTC will soon be launching on the Base network, further extending our reach and offering even more ways for users to engage with a secure, decentralized wrapped Bitcoin.

Now is the perfect time to get involved with iBTC and explore the growing possibilities in the world of DeFi.

About iBTC

As a decentralized wrapped Bitcoin, iBTC leverages Discreet Log Contracts (DLCs) and Chainlink's Cross-Chain Interoperability Protocol (CCIP) to provide a theft-proof bridge to cross-chain DeFi, backed by the security of the Bitcoin network. iBTC unlocks yield for your Bitcoin in DeFi with the benefit of lower fees and merchant self-custody, empowering users to put their Bitcoin to work.

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