Photon Labs
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  • Introduction
  • PBTC Overview
  • Architecture
  • Yield Generation
  • Yield Accrual Mechanism
  • Bitcoin Assets Custody
  • Smart Contracts
  • APIs
  • Use of Oracles
  • Reserve Fund
  • Protocol Fees
  • Audit Reports
  • User Guides
    • Mint PBTC
    • Redeem PBTC
    • Acquire PBTC
    • Bridge PBTC
    • Use PBTC
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  • Why PBTC? A New Bitcoin Value Proposition
  • Universal Store of Value and Fully Financialized Asset

Introduction

NextPBTC Overview

Last updated 9 months ago

This documentation is periodically updated to ensure the provision of the latest and most accurate information.

Photon Labs enables Bitcoin to be the premier universal store of value and a fully financialized asset by delivering the best-in-class, value-additive solutions to drive Bitcoin's next wave of growth.

Our key initiative is bringing Liquid Bitcoin Restaking with high-quality, competitive native yield to Bitcoin through — a liquid, omnichain, yield-bearing token backed by native Bitcoin and its derivatives.

By connecting idle Bitcoin assets to new financial primitives and cross-chain interoperability, Photon paves the way for a broader user base and creates a more inclusive and dynamic financial future, reinforcing Bitcoin's position at the heart of the trillion dollar decentralized economy.

Why PBTC? A New Bitcoin Value Proposition

Bitcoin has long been associated with the HODL philosophy—holding onto it for long-term capital appreciation. While this strategy has been a bedrock of the cryptoeconomy and led to institutional acceptance through ETFs, it has also become a limitation. Many Bitcoin holders are doing little more than waiting for their assets to appreciate, with most Bitcoin sitting idle on exchanges and wallets through multiple market cycles.

Photon Labs' PBTC and subsequent Photon network offer substantial benefits to Bitcoin holders by introducing a new dynamic to the long-standing HODL strategy with new dimensions of value. This approach contributes to scaling a new Bitcoin economy, resulting in increased utility, value, and expansion for Bitcoin.

Universal Store of Value and Fully Financialized Asset

Bitcoin Yield

  • POS staking yield

  • Delta-neutral strategies

  • Ecosystem incentives

Liquid Bitcoin

  • Retained liquidity

  • Retained BTC value

  • Composable

Interoperable

  • Seamless cross-chahin movement

  • Enhanced liquidity & usability

BTC DeFi

  • Access DeFi products & ecosystems

  • Participate in yield-generating activities, dubbed DeFi yield

  • Yield-bearing liquidity distribution across DeFi protocols

Transparent

  • On-chain proof of funds

  • Independent periodic attestations of backing assets

  • Continuous availability of assets and on-demand mint/redeem requests

Secure

  • MPC-enabled asset custody with regulated and licensed custodians

  • OES solution to secure backing assets and minimize risk

  • 24/7 monitoring by a financial risk team

  • Reserve Fund providing financial buffer and additional capital support

PBTC
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