Bitlayer has partnered with Kamino Finance and Orca to integrate its bitcoin-backed token, YBTC, into the Solana ecosystem. This collaboration aims to merge Bitlayer's security with the speed and scalability of Solana, advancing the Bitcoin DeFi sector. YBTC, pegged 1:1 with BTC, facilitates trust-minimized transfers and offers yield opportunities for bitcoin holders. Solana users can utilize Kamino’s earn vaults for maximized yields and benefit from Orca’s liquidity for seamless trading. The YBTC token acts as a representation of locked BTC within the Bitlayer ecosystem, enabling interoperability between Bitcoin and DeFi applications. Users maintain the freedom to redeem native BTC anytime through frictionless cross-chain operations. To encourage early adoption, Bitlayer is offering an incentive program rewarding participants with its native token, BTR, for engaging with YBTC. This initiative underscores the growing intersection of Bitcoin and decentralized finance.

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