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Swell Network has launched swBTC, a new Bitcoin yield product that operates via EigenLayer, Symbiotic, and Karak. This launch marks the introduction of the first Bitcoin LRT offering restaking rewards from the Ethereum ecosystem, providing users with opportunities to earn 3x Black Pearls and Symbiotic Points. The swBTC product allows omni-restaking, enabling users to allocate capital across multiple sources. This development is part of a broader trend of integrating Bitcoin into decentralized finance (DeFi) platforms, with other products like cbBTC on Base offering on-chain liquidity, yield farming, and cross-chain swaps.
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Bitcoin remains the top cryptocurrency, and there's rising demand to integrate its utility elsewhere. Enter $BTCB, a tokenized #Bitcoin on BNB Chain, letting BTC holders tap into BNB's ecosystem without selling their Bitcoin. Learn more about BTCB below 🧵 👇 https://t.co/Rd0bxpwTHV
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