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Press Release
CIAN, a leading DeFi yield strategy protocol, recently announced a groundbreaking partnership with Bedrock to launch the uniBTC Yield Layer, a revolutionary platform set to transform Bitcoin's utility in DeFi. This innovative solution marks a significant milestone in the rapidly expanding BTCfi (Bitcoin Finance) sector, offering Bitcoin holders unprecedented access to diverse and efficient DeFi opportunities.
The uniBTC Yield Layer addresses a critical gap in the cryptocurrency market, enabling Bitcoin holders to participate in high-yield DeFi strategies without sacrificing the security of their underlying assets. This development comes as the Total Value Locked (TVL) in Bitcoin Layer-2 solutions and sidechains has surged 18.4-fold since January 2023, reaching $1.07 billion as of September 8, 2024, underscoring the explosive growth potential of the BTCfi ecosystem.
"With the uniBTC Yield Layer, we're not just providing Bitcoin holders with new avenues for high yields; we're laying the foundation for sustainable growth of the entire BTCfi ecosystem," said Luffy, Founder and CEO of CIAN. "This partnership represents a crucial step in Bitcoin's evolution from a simple store of value to an active DeFi participant."
Key features of the uniBTC Yield Layer include:
1. One-Click Yield Optimization: Users can deposit BTC or uniBTC with a single click, accessing a range of high-APY strategies through automatic, dynamic fund allocation.
2. Diverse DeFi Integration: The platform enables participation in various DeFi activities, including points farming, staking, and Layer 2 networks, expanding yield sources across the crypto space.
3. Enhanced Liquidity: By partnering with leading DEXs like Balancer, Uniswap, and Curve, the Yield Layer significantly boosts uniBTC's on-chain liquidity and TVL.
4. Advanced Strategies for High APY: Incorporating Leveraged staking and Hybrid Long-short strategies to maximize returns for users.
The collaboration leverages Bedrock's expertise in multi-asset liquid staking and CIAN's battle-tested yield strategies. It stands out as the leading finality provider for Babylon Cap 1. Also, uniBTC is the first Bitcoin LST accepted on Eigenlayer. Partnered with top-tier DeFi protocols including Uniswap, Pendle and Compound, Bedrock offers diverse yield opportunities for uniBTC holders.
"By bringing uniBTC into the broader DeFi ecosystem, we're unlocking the potential of Bitcoin in ways previously thought impossible," Zhuling, Core Contributor from Bedrock. "This partnership with CIAN represents a major leap forward in the interoperability and utility of Bitcoin-based assets."
Looking ahead, CIAN plans to integrate the uniBTC Yield Layer with leading lending platforms such as Aave and Compound, further expanding use cases and liquidity for uniBTC. This integration will enable uniBTC to serve as collateral to borrow wBTC, FBTC, or BTC.B, mirroring the success of Ethereum-based liquid staking tokens like stETH.
FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, supported by Ethereum Layer 2 Mantle and Antalpha Prime, surpasses 275 million in TVL. FBTC aims to enhance Bitcoin's utility and liquidity by adopting yield-boosting strategies within the Bitcoin ecosystem.
The emergence of assets like FBTC alongside uniBTC Yield Layer demonstrates the rapidly evolving landscape of BTCfi, offering Bitcoin holders unparalleled access to diverse DeFi yield opportunities and injecting strong momentum into the Bitcoin yield market. As CIAN continues to build a comprehensive yield ecosystem bridging various DeFi primitives, from ETH to BTC, it is poised to play a pivotal role in shaping the future of DeFi.
About CIAN:
CIAN is a pioneering force in the DeFi space, defining the concept of a yield layer – a virtual layer that redistributes both sustainable and nascent yield sources across the entire crypto ecosystem. With a focus on security and efficiency, CIAN enables crypto asset holders to achieve best-in-class APYs through a simple, one-click interface. The protocol has maintained a flawless security record with no exploits or liquidations for two years, cementing its position as a trusted name in yield optimization and DeFi ecosystem growth.
For more information, users can visit https://cian.app/ or follow CIAN on Twitter | Discord | GitHub.
Contact:
Karen
PR Manager, CIAN
hina@cian.app
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