To close out launch day, we put together a summary compiling everything you need to know about eBTC.
To recap...
🟣 eBTC is Live on Mainnet
🟣 Get Paid to Borrow Bitcoin Month Kicks Off
🟣 Galxe Quest is Live
Read More 👇
1/ Is the market giving you a case of the Mondays? 😢
When your bags are down, find comfort in juicy yields.
With the help of
@LidoFinance
, eBTC is PAYING YOU to Borrow Bitcoin using ETH or WETH.
Time is running out. Let us show you what you might be missing out on👇
Security Matters 🟣
With over a year of active development, bringing a immutable DeFi protocol to life while upholding the highest security standards is not an easy task.
This is the security rigour the
#eBTC
protocol has gone through.
🧵
Are you ready to take the purple pill anon? 🟣
Announcing the official release of the eBTC dapp live on testnet.
Try It Now ➡️
Huge day as we’re that much closer to mainnet launch!
🧵
Today is a big day after 1+ year of development in the depths of the 🐻.
The eBTC protocol codebase is now public and open sourced.
🟣
The march to launch continues with public beta of the dapp and testnet on the horizon next.
The
#Chainlink
platform accelerates the adoption of LSTs and LRTs within DeFi by providing crucial data, compute, and cross-chain services:
• Market rate feeds
• Exchange rate feeds
• Cross-chain transfers
• Proof of Reserve
And much more—dive in👇
1/ eBTC is approaching fast, but our risk management process is slow and methodical.
With the help of risk management experts at
@BlockAnalitica
and
@SteakhouseFi
, we established BALCO to monitor and optimize eBTC parameters.
What does that entail? See below 🧵👇
To celebrate the launch of eBTC, we are running a month long campaign with our frens at
@Galxe
.
A $10,000 prize pool is up for grabs just for learning more about eBTC and helping to spread the word.
Will you embark on the quest anon?
Native ETH deposits to borrow eBTC are now live on testnet
Protocol auto stakes your ETH to start earning yield.
With ZERO fees on eBTC, for the first time you actually get paid to borrow $BTC against your $ETH
🚨 𝗡𝗲𝘄 𝗣𝗼𝗼𝗹 𝗔𝗹𝗲𝗿𝘁 🚨
✅ We pay you to borrow
#Bitcoin
.
✅ We pay you to provide eBTC/wBTC liquidity.
Now, with support from our frens at
@LidoFinance
, you can earn even more when you deposit and stake with the new eBTC/wstETH LP.
Now live on
@CurveFinance
!
Building a DeFi protocol while upholding the highest security standards is not an easy task.
This is the security rigor the $eBTC protocol has gone through that can hopefully be a standard others follow when launching their own projects.
🧵 1/10
Soon you can mint a
#bitcoin
representation on Ethereum that’s exclusively smart contract based.
✅ No bridges
✅ Self custodial
✅ Immutable code
✅ Transparent
Yield bearing assets are changing the game‼️
On Episode 003 of The Stake Out,
@omgcorn
from
@yearnfi
speaks to DeFi's unique value proposition as a potential onramp for new users and TradFi.
#Bitcoin
#Ethereum
$BTC $ETH
𝗲𝗕𝗧𝗖 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁 🔒
Launching a novel DeFi primitive that users can trust demands the highest level of security. eBTC's dedication to creating a secure, decentralized protocol shows through its meticulous security measures and planning.
See how👇
Mark your calendars‼️
The stage is set for the next "Stake Out" event.
This weeks topic➡️ The Explosion of
#LSTfi
Pt. 2.
📅 Thursday August 24 @ 10AM EST
📍
Part 2 of this discussion features guests from:
@yearnfi
@staderlabs
@gravitaprotocol
When you realize its Get Paid to Borrow
#Bitcoin
month and you have ETH or WETH collecting dust.
➡️ Deposit ETH & WETH collateral
➡️ Borrow eBTC at no cost
➡️ Get stETH staking rewards + stETH incentives from
@LidoFinance
Does Decentralization really matter⁉️
On Episode 001 of The Stake Out,
@langerstwit
from
@Rocket_Pool
shares his take where decentralization matters the most.
Listen to the full episode👇
Security Matters w/
@trust__90
Security matters at all stages in a protocol's life cycle but can be especially critical in early phases of development.
Security from the ground up can be beneficial to a projects architecture and help to minimize potential attack vectors.
Introducing the BALCO led by
@BlockAnalitica
&
@SteakhouseFi
!
#Bitcoin
Asset Liability Management Council.
As we prepare to go live it’s critical to have a detailed peg management and monetary policy strategy to ensure stability at launch & as it scales.
Dig into the plan
We’re excited to publish a $eBTC launch planning and monetary policy document, authored jointly with
@SteakhouseFi
and
@BadgerDAO
contributors!
The document covers key details for the upcoming launch including initial parameters, liquidity strategy, and risk management. ⬇️
3/ What is eBTC?
eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. It is backed exclusively by
@LidoFinance
stETH and powered by immutable smart contracts with minimized counterparty reliance.
Will institutional capital launch the next bull⁉️
On Episode 002 of The Stake Out,
@leptokurtic_
from
@ethena_labs
speaks to ETH staking products providing an on-ramp for net new money to enter the space.
Listen to the full episode👇
For users looking to borrow
#BTC
this how we stack up and shine.
Both for using ETH to borrow and hold or opening a long ETH/BTC position.
🧵 going into the details
Using the eBTC protocol to go long ETH/BTC with leverage is one of its core use cases.
Let’s see how $eBTC would “Stack Up” against $GMX for capital efficiency.
🟣 $1M starting capital
🟣 5x Leverage
🟣 365 day position
🧵
7️⃣ Crowdsourced auditing contest
The goal in this excercise is to get as many eyes as humanly possible on the code from security researchers across all skill and experience levels.
eBTC protocol is working with
@code4rena
who
@BadgerDAO
has collaborated with across many
1/ 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗛𝗮𝗹𝘃𝗶𝗻𝗴 𝗮𝗻𝗱 𝗘𝗧𝗛𝗕𝗧𝗖
The halving is a significant event for
#Bitcoin
, reducing the reward for mining blocks by half. With the next halving just days away, let’s see how this event has historically impacted the $ETHBTC ratio.🧵👇
The first protocol built exclusively around the ETH/BTC pair.
Trade the
#flippening
in 1 click + earn ETH staking yield
Purple Paper dropped last week take a read ➡️
A way to kick off the week!
Another round of $CRV and $BADGER incentives has been deployed on
@CurveFinance
Deposit on the eBTC/ tBTC pool to unlock these rewards ⤵️
eBTC dapp looking 🔥
Cool feature. Based on the loan parameters selected it tells you what % of time you would of been safe from liquidation in the last year.
Must listen‼️
The first episode of The Stake Out takes on the Great
#ETH
Staking Debate, discussing whether protocols should self limit or not, how much decentralization really matters, the potential for re-staking and more.
Take a listen 👇
In case you missed it‼️
Part 2 of the
#eBTC
Builder Series -
@sajrajdev
looks at how top protocols handle liquidations and bad debt while sharing how the
@Risk_DAO
assessment helped to shape and validate the model for
#eBTC
.
Read more 👇
Next up in the EBTC Builder Series - Liquidations and Bad Debt Handling.
@sajrajdev
looks at how top protocols manage this process while digging into how the recent
@Risk_DAO
assessment was used to help shape and validate the model for EBTC.
5/ Why eBTC?
eBTC is the most decentralized synthetic Bitcoin in DeFi and allows anyone to borrow BTC at no cost. By using reward-generating stETH as collateral, eBTC provides the most transparent, secure, and capital-efficient method for borrowing BTC.
1/🚨 Get Paid to Borrow Bitcoin - Round 2 🚨
Missed the first round of juicy incentives?!
11 more stETH have been allocated from our frens at
@LidoFinance
for users who borrow eBTC with ETH or WETH now through May 24th.
eBTC - The
#Bitcoin
that keeps on giving 🤑
.
@BadgerDAO
has integrated
#Chainlink
Price Feeds on
@ethereum
to support eBTC adoption.
eBTC has also been made CCIP-compatible to enable a future integration to bring eBTC cross-chain in the most secure way.
Tomorrow we kick off the Great ETH Staking Debate!
Should staking protocols self limit or not?
How much does decentralization matter?
What role will LST’s play in DeFi?
How much impact will restaking have?
Sign up ➡️
1/ eBTC allows you to use ETH as collateral to borrow synthetic Bitcoin without fees.
We built our protocol around the ETH/BTC ratio, pioneering decentralized on-chain strategies for this key pair.
In this thread we look at the storied history of ETHBTC through data 📈
1/ 𝗲𝗕𝗧𝗖/𝘄𝗕𝗧𝗖 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗶𝘇𝗲𝗱 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗣𝗼𝗼𝗹 🤑
In collaboration with
@merkl_xyz
we're launching an eBTC/wBTC Incentivized Liquidity Pool on Uniswap V3, powered by
@BadgerDAO
$BADGER tokens.
Get ready to boost your
#Bitcoin
yield in DeFi! 👇
Officially announcing the eBTC protocol
@code4rena
contest in collaboration with
@CertoraInc
on Oct.24th!
🟣 $149,725 pot
🟣 21 day duration
Code opensourced and the contest details dropping soon.
Wardens get ready
Security Matters w/
@0xleastwood
&
@SpearbitDAO
During the development cycle, it is important to get as many different perspectives as possible.
Learning from others and understanding what they observe and are thinking about can bolster a projects internal security acumen.
Attention Wardens of
@Code4rena
Dive deep into the world of
#eBTC
with Maxie.
The convergence of Bitcoin and Ethereum, enhancing both worlds.
💡 Join our security contest on Oct 24th and stand a chance to win from a pool of $149,725!
🎥 Watch below to know more
Security Matters w/
@agfviggiano
The ideal security process starts with having good documentation. Bad docs make auditors jobs harder.
Spend the time and resources to get it right in order maximize value and efficiency down the road.
4/ eBTC Collateral
eBTC enables users to leverage staked and non-staked collateral when borrowing.
Use ETH or WETH and we'll stake it for you. Pay nothing + get staking rewards.
Already staking? Lever up using eBTC at no cost and a share a % of the staking rewards.
1/ 𝗲𝗕𝗧𝗖 𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗶𝗹𝗹 - Volume 006💊
Welcome to "Weekly Pill" where we bring you a dose of insights into ETH, BTC, and eBTC, the protocol that pays you to borrow
#Bitcoin
using ETH.
This week we bring you a NEW BTC ALL TIME HIGH🎉
Let's go👇🧵
1/ 𝗲𝗕𝗧𝗖 𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗶𝗹𝗹 - Volume 009💊
Welcome to "Weekly Pill" where we bring you a dose of insights into ETH, BTC, and eBTC, the protocol that pays you to borrow
#Bitcoin
using ETH.
Weekly Pill returns this week after last week's eBTC launch!
Let's go👇🧵
We pay you to borrow
#Bitcoin
, but we've heard you want us to pay you MORE 🤑
As you wish. $BADGER rewards are now live for another week, offering $333 daily for providing liquidity to the eBTC/wBTC Uniswap v3 pool.
1️⃣ Add Liquidity on Uniswap 🐳
2️⃣ Claim Rewards on Merkl 💰
Knowing what happened to your loan shouldn’t be a mystery.
With the eBTC protocol it tells you exactly why your loan was closed, when it happened and a link to the transaction to verify.
With no interest, initiation or closing fees and 110% minimum collateralization ratio, eBTC is the most capital efficient way to borrow
#Bitcoin
anywhere.
2/ For the next month, eBTC and
@LidoFinance
are PAYING YOU TO BORROW BITCOIN.
Not a typo.
15 stETH have been allocated as incentives for users who borrow eBTC with ETH or WETH. Users can see the extra reward APY in app, adding to your reward generating collateral.
1/ 𝗲𝗕𝗧𝗖 𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗶𝗹𝗹 - Volume 001 💊
Introducing "Weekly Pill", a new series from eBTC.
Each week, we bring you a dose of insights into ETH, BTC, and eBTC, the protocol that pays you to borrow BTC using ETH.
Let's get started👇🧵
How do CEX's feel about self limiting⁉️
On Episode 001 of The Stake Out,
@ann_droo
from
@coinbase
shares his unique perspective on the self limiting of staking protocols.
Listen to the full episode 👇
1/ 𝗲𝗕𝗧𝗖 𝗠𝗶𝗻𝗶𝗺𝗶𝘇𝗲𝗱 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 🔒🛠️
For DeFi protocols, a key decision lies in which parts of the system to make governable. Explore eBTC's decisions around governable parameters to balance immutable security and delegated adjustability.👇
What influence does
@LidoFinance
actually have⁉️
On Episode 001 of The Stake Out,
@MacroMate8
from
@LidoFinance
sets the record straight on their capabilities within the current structure.
Listen to the full episode 👇
🚨Get Paid to Borrow Bitcoin
Thanks to our frens at
@LidoFinance
, borrowing eBTC using ETH or WETH gets you stETH incentives on top of underlying staking yield.
Current reward APY ~65.4%. 👀
New Bug Bounty! 🐞
@eBTCprotocol
is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network.
Find bugs - get $100,000!