Bitcoin Avalanche Bridged ($BTC.b) is a tokenized representation of Bitcoin that operates on the Avalanche C-Chain. As a bridging solution, each $BTC.b token corresponds to one Bitcoin that is locked within the Avalanche Bridge protocol. This mechanism enables Bitcoin holders to access a range of financial opportunities inherent in the DeFi ecosystem, including lending and yield farming, without necessitating the sale of their Bitcoin. By allowing users to tap into the innovative features of Avalanche, $BTC.b aims to enhance liquidity and access to diverse DeFi products.
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