Introduction
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 PBTC — 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
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