Bitlayer Joins Forces with Top Bitcoin Miners, Paving the Way for Bitcoin DeFi!

Antpool, F2Pool, and SpiderPool Back Bitlayer's Revolutionary BitVM

Hold onto your hats, crypto fans! Bitlayer is making some serious moves to bring Bitcoin-native decentralized finance to the masses. They've just inked a game-changing deal with three of the biggest Bitcoin mining pools out there: Antpool, F2Pool, and SpiderPool. We're talking about nearly 40% of the entire Bitcoin network's hashrate coming together to support this groundbreaking project!

On May 27, Bitlayer dropped the news on their official X account, and it's got the crypto world buzzing. With these heavy hitters on board, Bitlayer's BitVM is about to go from a cool idea to a legit, functioning piece of infrastructure. How? By making non-standard transactions (NSTs) a reality. These babies are technically valid, but usually get the cold shoulder from Bitcoin Core's default settings. Not anymore, thanks to these miners!

With the miners agreeing to process these NSTs, BitVM is suddenly way more usable. And get this: through the BitVM Bridge, users can now transfer their Bitcoin into smart contract platforms without relying on those pesky central intermediaries. It's a game-changer!

This opens up a whole new world of possibilities for Bitcoin, from lending and yield farming to multi-chain staking. Bitlayer's approach adds smart contract functionality to Bitcoin without messing with its core protocol or compromising its security. Genius!

Bitlayer's not stopping there. They've been busy integrating with networks like Sui, Arbitrum, Base, and Starknet. These connections let Bitcoin power apps like lending, staking, and yield farming using Peg-BTC, a Bitcoin-backed token minted through the BitVM Bridge. Since launching on mainnet in April 2024, Bitlayer's already locked up a whopping $413 million in value and supports over 200 Bitcoin DeFi apps. That's insane growth!

And the money's pouring in. Bitlayer's raised over $20 million since launch, with a Series A round led by Franklin Templeton and a follow-up from Polychain Capital. Now, they're bringing on more validators and teaming up with wallet platforms like Xverse and Binance Wallet to keep the momentum going.

This latest partnership is a massive step towards Bitlayer's vision of connecting Bitcoin to more advanced financial systems. Buckle up, folks, because the future of Bitcoin DeFi is looking brighter than ever!