EigenLayer Integrates tBTC Deposits, Expanding DeFi Opportunities

IconCryptoNewsTerminal Staff17 Sep, 2024

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EigenLayer Integrates tBTC Deposits, Expanding DeFi Opportunities

According to Crypto Briefing, EigenLayer, a re-staking protocol, has integrated support for tBTC deposits. tBTC is a wrapped version of Bitcoin from the DeFi protocol Threshold (T). This integration allows users to stake their tBTC on EigenLayer, earning rewards while maintaining exposure to Bitcoin's price. EigenLayer's integration of tBTC deposits is a significant step towards expanding the DeFi ecosystem. By enabling users to stake tBTC, EigenLayer opens up new opportunities for users to earn passive income and participate in the DeFi market.