OKX takes Bitcoin to the suitable network with his new token: xbtc

In strategic alliance with Apt, OKX Present the Token xbtc, a wrapped version of Bitcoin Designed to take the main cryptocurrency to the ecosystem DEFI of said network Blockchain.

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• Apts enable direct use of BTC In its ecosystem DEFI In alliance with OKX.
• The ecosystem of Apt already exceeds USD $ 1 billion in TVL
• OKX Start campaign with Echo, Aries and Hyperion To promote adoption.

Okx, Recognized Technology Company Blockchain and operator of one of the largest cryptocurrency exchanges in the world, announced the launch of xbtc, a wrapped version of Bitcoin (BTC) About him Blockchain of Apt. The initiative promises to transform access to digital currency into the ecosystem DEFI of the network, without the users must pay commissions for minting or redemption of the asset.

The official statement, shared with Cryptopotate, details that since May 22 the users of Apt They can coined XBTC through Okx, as well as deposit or remove it directly on the network Blockchain. Integration will allow to use XBTC In multiple decentralized applications native to Apt, Opening new possibilities for trading, loans and more.

Bitcoin and DEFI on the network Apt

As for the digital currency, XBTC 1: 1 is backed by Bitcoins guarded directly by Okx, which guarantees the transparency and security of the asset. The measure aims to unlock new utilities to Bitcoin In contexts Defi, taking advantage of its position as the most reliable and recognized cryptocurrency of the market.

The Aptos Foundationinstitution responsible for promoting development within this chain, stressed that its ecosystem DEFI exceeds USD $ 1 billion in total value blocked (TVL). In this environment, the assets wrapped in BTC They have begun to gain traction, being a remarkable example the protocol Echo, whose token abtc already exceeds USD $ 270 million in TVL

Echo protocol It offers re-staking and performance generation solutions for Bitcoin, and its success reinforces the idea that there is a growing demand to use BTC of new ways.

Liquidity, interoperability and trust for developers

Ash Pampati, director of the ecosystem at the Aptos Foundation, said Bitcoin It acts as the key bridge between traditional and decentralized finances. In this regard, he said:

“Aptos was built for open finance applications of the real world, and Bitcoin is the key piece between traditional markets and defi. Being one of the first blockchain to provide support to XBTC is a testimony of the high performance, safety and scalability of the network”.

Pampati added that this incorporation not only facilitates the growth of liquidity within the ecosystem, but also gives developers tools and trust to innovate in new financial products.

LANGE CAMPAIGN AND STRATEGIC ALIANCES

To accompany the launch of XBTC, OKX announced a special campaign that will begin as of today. This action aims to promote a deeper integration of the asset into the ecosystem Apt In the coming weeks.

The campaign will have the collaboration of Echo protocol, Aries Markets (a decentralized trading platform with margin) and the ecosystem of Hyperion These strategic alliances aim to create tangible cases for XBTC From the first day.

Jason Lau, Director of Innovation at Okx, declared:

“Delivering a fluid experience and real access to on-chain use cases is the core of what we have been building in OKX. By bringing Xbtc to suitcases, we want to see the Bitcoin holders put their BTC to work in fast, low-cost applications, and with the safety and transparency they expect from us.”

This integration not only strengthens the role of OKX as a participant in favor of crypto innovation, but also positions Apt as an attractive platform for those who seek to participate in decentralized finances using traditional assets such as Bitcoin.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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