PBTC Overview
PBTC is a liquid, omnichain, yield-bearing token backed by native Bitcoin and its derivatives.
These assets are secured by institutional-grade, on-chain MPC custody, allowing access to both CeFi and DeFi liquidity venues for scalable and stable native yield generation. PBTC's backing assets can always be validated on-chain and independently audited by the public.
The mechanics of creating PBTC allows Bitcoin holders to:
Deposit or stake BTC assets on their native chains.
Receive PBTC on the destination chains without needing a bridge.
Earn native yields passively from various sources, including:
Bitcoin staking
Delta-neutral strategies
Ecosystem incentives from Photon Labs and partners
Retain the liquidity and value of their Bitcoin assets.
Hold or use PBTC in yield-generating DeFi activities such as:
Provide liquidity to DEXs
Lend to earn interest
Yield farming & trading
Mint yield-bearing synthetic assets
Other novel and innovative yield-generating activities
Photon Labs makes earning yield on Bitcoin while HODLing simple and accessible through a secure, trust-minimized framework.
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