Bitlayer, a DeFi infrastructure project for bitcoin (BTC), has partnered with Kamino Finance and Orca to bring its bitcoin-backed token, YBTC, to the Solana ecosystem. 🚀🚀🚀

This integration aims to combine Bitlayer's security with Solana's speed and scalability, aligning with Bitlayer's goal of expanding the Bitcoin DeFi sector. It will provide bitcoin holders with native exposure to BTC and yield opportunities, stated Charlie Hu, co-founder of Bitlayer. 💲💲💲

"By combining Bitlayer's security roots with Solana's yield frontier through YBTC, we are offering what BTC holders demand: native exposure to Bitcoin with yield opportunities. Kamino and Orca provide the essential liquidity pathways to make this vision operational at scale," Hu said in a press release shared with CoinDesk.✈️✈️✈️

YBTC, pegged 1:1 with BTC, is fundamental to Bitlayer's BitVM bridge, designed for bitcoin transfers with minimal trust by eliminating centralized intermediaries. The token serves as a direct representation of the BTC locked by users within the Bitlayer ecosystem, allowing for seamless interoperability between Bitcoin and decentralized finance applications.💵💵💵

By holding YBTC, Solana users can maximize yields through Kamino's institutional-grade yield vaults, which offer automatic compounding and optimized yields denominated in BTC, helping assets grow effortlessly.💲💲

They also enjoy seamless trading with Orca's Concentrated Liquidity Market Maker (CLMM), which offers slippage-free exchanges between YBTC.B and other major assets, providing smooth access to the Solana DeFi ecosystem👁️👁️ @BitlayerLabs #Bitlayerlabs