iBTC to Expand Bitcoin Yield Opportunities with Starknet Partnership

iBTC, the only native Bitcoin Layer 1 wrapper designed for institutional-grade DeFi, is planning to partner with Starknet to unlock new Bitcoin yield opportunities for institutions. This initiative aims to expand BTC liquidity on Starknet while leveraging its advanced scaling solutions and ecosystem incentives.

Expanding Institutional Bitcoin Yield with Starknet

Starknet, a leading Layer 2 scaling solution for Ethereum, is focused on supporting a sustainable Bitcoin economy. The planned partnership of iBTC will provide institutions with an additional chain to access BTC-based DeFi opportunities while maintaining security and efficiency.

Key highlights of the Partnership:

• Institutional Yield Incentives: Starknet is set to provide incentives to encourage participation in BTC liquidity pools, enhancing yield opportunities for institutions.

• Expanding Bitcoin Utility: iBTC on Starknet will enable BTC holders to engage in lending, borrowing, and structured DeFi applications beyond simple yield farming.

• Advanced Security and Scalability: Starknet’s ZK-rollup technology is designed to provide cost-efficient, trust-minimized BTC transactions.

• Institutional Liquidity Providers: iBTC plans to onboard regulated liquidity providers to support deep and efficient markets on Starknet.

How iBTC Will Work on Starknet

Due to the partnership between Starknet and iBTC, Bitcoin holders will be able to earn yield and participate in DeFi activities seamlessly. The process will include:

1. Bitcoin holders depositing BTC, which will be wrapped as iBTC on Starknet.

2. Liquidity providers deploying capital into BTC pools, benefiting from Starknet’s incentive program.

3. Institutions and DeFi users engaging in lending, borrowing, and trading activities, strengthening the Bitcoin ecosystem on Starknet.

Starknet’s Position in Bitcoin DeFi

Starknet is evolving as an important player in Bitcoin partnership, differentiating itself with:

• Bitcoin partnership Support: Aiming to expand BTC liquidity within its DeFi ecosystem.

• Incentive-Driven Growth: Focused on encouraging BTC adoption through participation rewards.

• Scalability and Expansion: Designed to accommodate future Layer 3 developments for broader institutional use.

Strengthening the Bitcoin Economy on Starknet

With a growing network of institutional liquidity providers and innovative DeFi protocols, Starknet and iBTC are working towards creating a robust and scalable BTC ecosystem. This partnership aims to enable Bitcoin holders to efficiently deploy capital while maintaining full self-custody of their assets.

About Starknet

Starknet is a Layer 2 Rollup over Ethereum. Powered by the breakthrough STARK technology, it delivers unprecedented scalability for blockchain applications without compromising on the core principles of decentralization, self-custody, and security. STARK proofs and Cairo are the game-changing foundations of Starknet, allowing it to process massive volumes of transactions securely and efficiently. End users benefit from reduced costs, lower latency, and enhanced UX.

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About iBTC

iBTC Network's decentralized wrapped Bitcoin is a safer way to access DeFi with your Bitcoin. iBTC is backed by a network of leading node operators and merchants who self-wrap BTC into vaults on Bitcoin Layer 1 to provide liquidity to the iBTC Network. The merchant's signature on the multisig vault prevents network misuse without user consent, making iBTC the most secure wrapped BTC token.

iBTC can be acquired by individual users by swapping for it on popular decentralized exchanges such as Curve, Uniswap, and Balancer. Institutional users, on the other hand, can swap into iBTC through a trusted merchant in the iBTC network or mint iBTC following KYB.

Join us as we make BitcoinFi safe again. Follow our socials and become part of the iBTC community:

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