Bitlayer’s YBTC Redefines Representative BTC with BitVM Smart Contracts
Two new posts in Bitlayer’s “Bitlayer 101” series introduce YBTC, a third-generation representative BTC built on the BitVM Bridge. YBTC replaces human intermediaries with an autonomous BitVM smart contract. Designed to be multi-chain by default, YBTC lets Bitcoin holders put their BTC to work across DeFi ecosystems while relying on cryptographic proofs and fraud-proof verification rather than custodians.
blog.bitlayer.org
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Bitlayer 101 (1): What is YBTC
The world of DeFi already has representative BTC assets like WBTC and tBTC. We categorize YBTC as the third generation, setting a new standard for security and utility thanks to BitVM technology.
Unlike other assets, YBTC maintains a natural and strict 1:1 peg with BTC. This means you don’t have to worry about de-pegging risk.
blog.bitlayer.org
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Bitlayer 101 (2): What Makes YBTC Standout?
In the first chapter of our “Bitlayer 101” series, we introduced you to YBTC: a new, yield-bearing representative BTC that brings your Bitcoin’s utility to multiple chains. We briefly touched upon its foundation—the BitVM Bridge—as the source of its security. Now, let’s dive deeper and explore what truly makes YBTC’s security model a generational leap forward.