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In the Bitcoin ecology, the most popular track at the moment, except for Bitcoin Layer2, is a Bitcoin pledge chain.Such as Babylon, which has completed tens of millions of U.S. dollars, and BoundceBit, which has begun pledge rewards, etc.However, currently users who pledge BTCs on these chains have not received other actual revenue except for the project party’s commitment.
However, the Bitcoin pledge agreement currently deployed on the BEVM -BIDO once brought up to 580%of APY revenue to BTC Staker, and the income was not the tokens of a certain project, but BTC!That’s right, it’s a real BTC!
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This is not only the first time for the Bitcoin pledge agreement, even the first time in the history of Bitcoin.
Bido allows BTC Holder to earn more BTCs by pledged BTC like ETH HOLDER.
1. What is BIDO?
BIDO is a Bit currency pledge agreement deployed on the BEVM. Users can support the operation of the BEVM network node by pledge BTC on the BIDO, thereby further improving the security of the BEVM network.Therefore, BTC Staker can get the GAS income generated by the Bevm network operation.At present, 50%of the GAS income generated by the entire BEVM network is directly distributed to the Staker pledged BIDO BTC.
BIDO to BEVM, just like lido to Ethereum.
Users can earn more ETH on LIDO ETH, and the current APR is currently 4.6%.BIDO officially launched BEVM on March 31, 2024. Users can earn more BTCs on Bido, and the current APR is 534%.
Like LIDO, the BTC earned by the Staker on Bido is from the GAS income generated by the BEVM network operation. Therefore, as long as the BEVM network continues to run, the earnings of the STAKER have been sustainable.Moreover, the more prosperous the BEVM ecology, the more Staker returns.
2. How to play BIDO?
BIDO’s gameplay is very simple. Enter BIDO’s official website: https://app.bido.finance, pledge your BTC assets in and enjoy the annualized as much as 534%.However, if you have not span the assets to the BEVM, you need to complete the cross -chain first.
BEVM officially provides two ways to cross -chain BEVM, namely:
BEVM official cross-chain bridge: https://bevm.io/bridge-mainnet;
And third -party cross -chain bridge Omnibtc: https://app.comnibtc.finance/swap;
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Large assets are recommended to choose an official cross -chain bridge, which is more secure and reliable. The cross -chain to account is about 30 minutes.Small assets can choose a third -party cross -chain bridge Omnibtc, which supports the one -click exchange of assets on the ARB and BSC chains to be exchanged into BEVM BTC, which is convenient and fast.
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After the cross -chain is completed, you can directly operate the pledge and start enjoying the income.After pledged BTC, Staker will get STBTC, STBTC, and BTC completely 1: 1 anchor. The BTC of the user’s STAKING income will be presented in STBTC, that is, with the distribution of network revenue, the number of STBTC in the user account will continue to increase.
If users want to unlock more BIDO gameplay, they can choose to choose STBTC one -click warp as WSTBTC on Bido. Users hold WSTBTC not only to continue to enjoy Staking income, but also unlock more advanced gameplay.
What are the advanced gameplay of BIDO?
When users get WSTBTC, they can not only continue to enjoy Staking income, but also unlock more other income.
1. Use WSTBTC to cast stablecoins to unlock more liquidity while eating and two.
Satoshi Protocol, which is currently launched in BEVM, is a CDP protocol that supports BTC and WSTBTC cast stablecoins.Users can use WSTBTC to cast a stable coin SAT, and users hold SAT to continue to participate in investment in other projects.
In addition, the current WSTBTC cast stable currency SAT can also obtain the Satoshi Protocol tokens.Satoshi Protocol has recently announced the completion of the PRE-SEED round of financing. Web3port and WaterDrip co-invested. MH Ventures, BSCN Co-Founder and other institutions and angel investors participated.
Staking income+Satoshi Protocol tokens = one fish and two.
2. Add WSTBTC/SAT LP in DEX, one fish and three eat
At present, Satoshi Protocol encourages users to add WSTBTC/SAT LP to DEX. After the user gets LP token, you can pledge at Satoshi Protocol to get the additional tokens of Satoshi Protocol.At the same time, LP can also get DEX token airdrops.
Staking income+Satoshi Protocol tokens+DEX tokens airdrop = one fish and three eat
3. The RESTAKING of the LP Token of WSTBTC/SAT
When users pledge WSTBTC/SAT’s LP token to Satoshi Protocol, they will get SLP Token. While obtaining the Satoshi Protocol tokens, they can also perform SLP Token to the re -pledged protocol on the Bevm to get the RESTAKING protocolToken airdrop.
Staking income+Satoshi Protocol tokens+DEX token airdrop+RESTAKING
Income = one fish and four eat
Of course, if you want to unlock more high -level gameplay, you can also continue to obtain other income on Aggregator and other agreements, and you will not repeat them one by one here.
It is believed that with the continuous development of BEVM, the STAKING income on Bido will gradually become as stable as Ethereum. At that time, STBTC on BEVM will become a stable assets like STETH.Then, various types of solidarity derivatives based on STBTC will continue to emerge.For example, STBTC -based interest bond agreements and principal and interest separation agreements, and so on.
Fourth, what else can BIDO’s future expansion?
BIDO is currently deployed on BEVM, and also serves the BEVM network.
Not only that, BIDO can serve any Bitcoin Layer2 network in the future, at least, BTC Layer2 built based on Bevm-Stack can take the lead in using BTC pledge services provided by Bido.Moreover, all BTC Layer2 can share network security based on a large number of BTC pledged on BIDO.At that time, BIDO will develop into a BTC pledge security sharing agreement serving the entire network BTC Layer2.This has greatly promoted the security development of the BTC Layer2 track, and even the development of the entire Bitcoin ecosystem.
