tBTC Becomes the First Incentivized BTC Asset on EigenLayer
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 17 2024tBTC Integration with EigenLayer: tBTC has become the first incentivized Bitcoin asset on EigenLayer, allowing users to restake their Bitcoin for rewards and enhancing the BitcoinFi ecosystem's growth through decentralized asset bridging between Bitcoin and Ethereum.
Economic Security and Incentives: The Threshold Network DAO is offering up to $45K in incentives for new users depositing tBTC into EigenLayer, highlighting Bitcoin's potential as a Proof of Stake asset and its role in maximizing capital efficiency within decentralized networks.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
