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Beyond Technology Enables BTC Liquidity Across Chains for DeFi Integration
The new phase of Bitcoin involves a focus on interoperability through Beyond, a project aiming to connect Bitcoin's security and value with modern blockchain ecosystems.
Key Points on Bitcoin’s Interoperability
- Beyond is constructing a bridge to integrate Bitcoin into decentralized finance (DeFi) without sacrificing security.
- The initiative will allow BTC holders to lend, borrow, earn yield, and deploy their BTC across various chains like layer 1s and layer 2s.
- BTCFi will leverage LayerZero's Omni-chain Fungible Token technology for seamless user experience.
- Beyond plans mainnet launch in Q4, supporting protocols, sidechain wrappers, and L2 integrations.
- A dual sale structure aims to provide stability during token sales, incorporating a token launchpad and Ordinals participation.
- EVMs are expected to operate as trusted protocols supported by Animoca Brands and vVv.
- Beyond enables native BTC L1 interoperability, linking Bitcoin, BRC-20s, and Runes to over 100 chains.
Jaouad, a Web3 builder, highlights that 4% of the total BYD supply is dedicated to contributors, with specific allocations wrapping up by December 8.
