Bedrock has just announced the launch of brBTC, a groundbreaking Liquid Restaking Token (LRT) that redefines the role of Bitcoin in DeFi (DeFi).
This launch event marks the beginning of BTCFi 2.0, a new phase that transforms Bitcoin from a passive asset to a dynamic financial instrument.
BTCFi 2.0 Launch: brBTC Connects Bitcoin Liquidity in DeFi
BTCFi 1.0 laid the foundation for the integration of Bitcoin into DeFi with platforms like Babylon. Even though there are over 54K BTC staked, the ecosystem still faces fragmentation and limited restaking options. BTCFi 2.0 addresses these challenges by creating a unified environment with improved profitability opportunities and practical use cases.
Key contributor Zhuling Chen describes brBTC as the catalyst for this transition. He emphasized its role in protecting and connecting fragmented liquidity across the ecosystem. By focusing on integration and utility, Bedrock aims to expand Bitcoin’s DeFi potential.
“brBTC will catalyze BTCFi’s transition to BTCFi 2.0. It secures and connects fragmented liquidity in the ecosystem, allowing users to unlock more value from their Bitcoin holdings,” Chen told TinTucBitcoin.
The brBTC token simplifies the use of Bitcoin in DeFi by merging different derivatives such as WBTC, FBTC, and BTCB into a unified system.
Collateral is dynamically allocated across protocols, allowing users to optimize returns while retaining flexibility. Going beyond traditional DeFi returns, brBTC also supports financial products and microtransactions, connecting digital assets with real-world utility.
Bedrock launched brBTC initially on Ethereum and BNB Chain and plans to expand to other blockchain networks. This multi-chain strategy ensures broader accessibility and increased user engagement.
Calvin Zhou, another Key Contributor, emphasized the importance of BTCFi 2.0. He highlighted how brBTC enhances Bitcoin’s utility, opens up financial opportunities, and strengthens decentralized systems. The project’s commitment to innovation matches Bedrock’s reputation for providing secure, high-yield DeFi solutions.
“By enhancing the utility and staking capabilities of Bitcoin, BTCFi 2.0 and brBTC open up new financial opportunities and strengthen decentralized systems,” Zhou said.