Aptos Integrates LayerZero’s WBTC-OFT to Revolutionize Bitcoin Cross-Chain DeFi Access
Main Idea
Aptos has integrated LayerZero's WBTC-OFT to enable seamless Bitcoin transfers onto its blockchain, enhancing BTC liquidity and access to its DeFi infrastructure.
Key Points
1. Aptos launched a cross-chain WBTC solution using LayerZero's OFT standard for seamless Bitcoin transfers.
2. The solution introduces xBTC and enhances BTC liquidity on the Aptos blockchain.
3. Aptos supports over $430 million in BTC-backed assets and $1.35 billion in stablecoin liquidity.
4. The integration streamlines transfer protocols and consolidates liquidity pools for direct access to Aptos' DeFi infrastructure.
5. Prominent protocols like Aries, Echo, and Hyperion support Aptos' capital efficiency.
Description
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