xbtc

ChainCatcher news, OKX CEO Star posted on the X platform that xBTC is releasing liquidity for Bitcoin in the on-chain world, with the number minted on Sui surpassing 875. Star emphasized that this is just the beginning, as developers and users now have a new way to participate in DeFi and earn more rewards through liquidity release.In addition, according to user @erikaleetv, users providing liquidity for designated xBTC-related pools can achieve an annualized return rate of up to 77%. Star revealed that xBTC will soon launch on X Layer and will collaborate with leading DeFi partners to advance together. The team building has never stopped; this is just the beginning, and more partners are set to join.

ChainCatcher news, according to official information, NAVI exclusively supports OKX in issuing xBTC on the Sui chain and has launched a prize pool of nearly $700,000 to reward the xBTC staking pool and lending subsidies. Influenced by the exclusive partnership between OKX and xBTC, Navx once surged by 20%.

According to ChainCatcher news and the official announcement, the first phase of xBTC has been launched on Solana, along with the initiation of related activities. Starting from June 20 at 15:00 (UTC + 8), users can participate in sharing a total reward of 1 million dollars by depositing xBTC, USDT, USDG, or SOL. In addition, the function for depositing to Kamino and the USDG borrowing reward mechanism will also be gradually launched.

ChainCatcher news, according to official information, the first phase of xBTC has now launched on Aptos, and a series of related activities have begun. Starting from May 28 at 15:00 (UTC+8), users can participate in sharing a reward of 35,865 APT by depositing xBTC, USDC, or APT in Aries Markets, Echo Protocol, or Hyperion. This series of activities will last for 6 months, with a total prize pool equivalent to 3.4 million USD in tokens.It is reported that xBTC is a wrapped Bitcoin issued by OKX, strictly following a 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain to receive an equivalent amount of xBTC; they can also recharge xBTC back to the exchange through the target chain to exchange for BTC. The platform verifies asset transparency in real-time through on-chain proof of reserves (PoR), further ensuring the safety of user assets.

ChainCatcher news, according to official information, OKX will officially launch the wrapped Bitcoin asset xBTC on May 22, 2025, and simultaneously open deposit and withdrawal services for the three major public chains: Solana, Sui, and Aptos. Through xBTC, users can seamlessly participate in the multi-chain DeFi ecosystem, supporting on-chain functions such as lending and liquidity mining, further enhancing the multi-chain circulation and yield expansion of BTC. In addition, OKX Wallet will gradually launch yield products related to xBTC, integrating with leading DeFi protocols in the Solana, Sui, and Aptos ecosystems, allowing users to enjoy additional ecosystem incentives and participate easily in a one-stop manner. Stay tuned.It is reported that xBTC is a wrapped Bitcoin issued by OKX, strictly following a 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain to obtain an equivalent amount of xBTC; they can also recharge xBTC back to the exchange through the target chain to exchange for BTC. The platform verifies asset transparency in real-time through on-chain Proof of Reserves (PoR), further ensuring the safety of user assets.