Pendle expands return opportunities for Bitcoin holders with new BTC pools

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Pendle, known for its success in ETH-centric DeFi narratives, is expanding into Bitcoin returns by introducing new BTC pools, giving Bitcoin holders access to improved return strategies and fixed return trading opportunities.

Pendle’s strategic expansion into Bitcoin returns comes at a time when interest in BTC stake and return opportunities is rapidly gaining momentum. The platform, which has successfully positioned itself in narratives such as liquid staking (LST), liquid restking (LRT) and Arbitrum, is now entering a new vertical with the introduction of BTC pools.

This move aligns with the growing hype around BTC yield strategies, particularly the rise of Corn, an innovative Ethereum Layer 2 network that uses Bitcoin for gas fees and economic incentives.

New layer for yield strategies

The extension allows BTC holders to access a new level of enhanced return strategies, unlocking fixed return and return trading potentials for BTC for the first time on the platform. This development further diversifies and deepens the opportunities for Bitcoin holders in the DeFi space.

“We are excited to work with different BTC yield protocols to unlock new opportunities for their users with Pendle. We have seen major fixed return use cases for ETH and aim to replicate the same success with BTC,” says TN Lee, CEO of Pendle.

Pendle’s flexibility as a return tokenization platform has allowed it to remain nimble and capture many hot trends and narratives, from liquid ETH stake to the current rise in BTC returns and even memecoins like PEPE. The adaptability and compatibility of the platform with almost every yield product in the crypto space has positioned it to capitalize on emerging opportunities in the Bitcoin yield market.

Liquid Corn BTC

Corn’s LBTC, now available on Pendle, is a major collaboration between major BTCfi players. Produced by Lombard, LBTC enables liquid staking of BTC on Babylon, a BTC-focused infrastructure layer. By depositing LBTC on Corn, users can participate in the Corn pre-launch campaign, earning Kernels that can later be redeemed for Airdrop $CORN. In addition to Corn LBTC, EtherFi’s eBTC is also available on Pendle, with additional BTC listings such as Bedrock uniBTC, Solv solvBTC and PumpBTC on the horizon.

The concept of liquid Bitcoin staking is gaining ground because it allows Bitcoin holders to earn rewards while maintaining the liquidity of their assets. This innovative approach allows users to stake their Bitcoin without locking it up, thus enabling participation in various DeFi activities.

When users stake their Bitcoin through a liquid staking platform, they typically receive a new token (eg stBTC) that represents their staked Bitcoin. This token can be traded or used in other DeFi protocols, unlocking the liquidity of staked assets while benefiting from staking rewards.

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