tBTC can now be deposited on EigenLayer to earn rewards. This new feature makes tBTC the first BTC asset to offer incentives, solidifying its position in Bitcoin staking and the BitcoinFi world.
What's New with tBTC?
With tBTC, users can lock up their Bitcoin and mint tBTC, which works on Ethereum. This allows them to use Bitcoin in new ways while keeping it secure. Depositing tBTC on EigenLayer earns rewards from The T Network.
What are the Benefits?
This move is a game-changer for Bitcoin staking. BTC staking and restaking have become very popular, and now tBTC simplifies the process of earning from Bitcoin holdings, making it a major player.
How to Participate?
Threshold Network offers an additional $45,000 in T incentives over the next three months for those who restake their tBTC on EigenLayer. This is a great opportunity to get involved and make the most of your tBTC.
This new opportunity is a significant step forward for BitcoinFi and staking. By depositing tBTC on EigenLayer, participants not only engage in a new financial trend but also earn rewards for doing so.
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