Swell Community has launched swBTC, a brand new liquid restaking token (LRT) designed to offer Bitcoin holders with yield alternatives by way of numerous Ethereum-based protocols
Swell Community has launched swBTC, a brand new liquid restaking token (LRT) designed to offer Bitcoin holders with yield alternatives by way of numerous Ethereum-based protocols. This introduction marks the primary Bitcoin LRT providing restaking rewards, together with 3x Black Pearls and Symbiotic Factors. SwBTC allows customers to earn yields from EigenLayer and different restaking protocols reminiscent of Symbiotic and Karak. The initiative is supported by Aera Finance’s non-custodial structure, which can handle the deployment of swBTC throughout these platforms. Moreover, Symbiotic has partnered with Polyhedra to facilitate a trustless cross-chain Bitcoin token swap, enhancing interoperability between Bitcoin, Ethereum, and different ecosystems.
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