FBTC announced its new initiative aimed at facilitating added BTC utility following the BTC halving event on April 19th 2024. FBTC is a fresh Bitcoin asset and brand supported by foundational contributors Mantle and Antalpha Prime.
Mantle Overview:
The Mantle Ecosystem includes several components built on Ethereum: Mantle Network, an Ethereum layer 2 solution; Mantle Governance, a decentralised autonomous organisation; Mantle Treasury, which holds one of the largest on-chain treasuries and Mantle LSP; an Ethereum liquid staking protocol. The Mantle token serves as both the product and governance token within the ecosystem.
Antalpha Overview:
Antalpha Prime is the primary platform of Antalpha, employing decentralised technology to safeguard funds and facilitate connections with high-quality global assets. Founded in 2021 with its headquarters in Singapore, Antalpha has built a reputation of trust among institutions, startup teams and accredited investors. It also serves as a strategic partner to Bitmain, the digital assets mining company.
FBTC Overview
FBTC, maintaining a 1:1 peg with Bitcoin, is designed to enhance Bitcoin's role beyond a store of value by introducing a liquid, easily composable BTC asset. FBTC aims to set a new standard for Bitcoin transactions, essentially transforming all other blockchains into a Layer 2 for Bitcoin. Scheduled for launch in May 2024, FBTC will be deployed on multiple blockchains, including Ethereum, Solana, Aptos and with scope for further expansion to other chains. FBTC addresses challenges faced by previous Bitcoin interoperability solutions such as wrapped BTC, which suffered from centralization and liquidity issues. FBTC introduces a strategic shift to increase Bitcoin's liquidity while adhering to its core principles of security and decentralisation.
FBTC Features and Strategic Partnerships:
FBTC’s Yield Enhancement Strategies:
Jordi Alexander, Chief Alchemist at Mantle, emphasised that FBTC aims to integrate Bitcoin into the smart contract and DeFi sectors, activating the dormant Bitcoin and enhancing its scalability and utility. Despite Bitcoin's vast market cap of $1.3 trillion, its liquidity and yield opportunities are limited, with the DeFi ecosystem representing only 4% of its total market value, in stark contrast to Ethereum’s 75%.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
FBTC announced its new initiative aimed at facilitating added BTC utility following the BTC halving event on April 19th 2024. FBTC is a fresh Bitcoin asset and brand supported by foundational contributors Mantle and Antalpha Prime.
Mantle Overview:
The Mantle Ecosystem includes several components built on Ethereum: Mantle Network, an Ethereum layer 2 solution; Mantle Governance, a decentralised autonomous organisation; Mantle Treasury, which holds one of the largest on-chain treasuries and Mantle LSP; an Ethereum liquid staking protocol. The Mantle token serves as both the product and governance token within the ecosystem.
Antalpha Overview:
Antalpha Prime is the primary platform of Antalpha, employing decentralised technology to safeguard funds and facilitate connections with high-quality global assets. Founded in 2021 with its headquarters in Singapore, Antalpha has built a reputation of trust among institutions, startup teams and accredited investors. It also serves as a strategic partner to Bitmain, the digital assets mining company.
FBTC Overview
FBTC, maintaining a 1:1 peg with Bitcoin, is designed to enhance Bitcoin's role beyond a store of value by introducing a liquid, easily composable BTC asset. FBTC aims to set a new standard for Bitcoin transactions, essentially transforming all other blockchains into a Layer 2 for Bitcoin. Scheduled for launch in May 2024, FBTC will be deployed on multiple blockchains, including Ethereum, Solana, Aptos and with scope for further expansion to other chains. FBTC addresses challenges faced by previous Bitcoin interoperability solutions such as wrapped BTC, which suffered from centralization and liquidity issues. FBTC introduces a strategic shift to increase Bitcoin's liquidity while adhering to its core principles of security and decentralisation.
FBTC Features and Strategic Partnerships:
FBTC’s Yield Enhancement Strategies:
Jordi Alexander, Chief Alchemist at Mantle, emphasised that FBTC aims to integrate Bitcoin into the smart contract and DeFi sectors, activating the dormant Bitcoin and enhancing its scalability and utility. Despite Bitcoin's vast market cap of $1.3 trillion, its liquidity and yield opportunities are limited, with the DeFi ecosystem representing only 4% of its total market value, in stark contrast to Ethereum’s 75%.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
FBTC announced its new initiative aimed at facilitating added BTC utility following the BTC halving event on April 19th 2024. FBTC is a fresh Bitcoin asset and brand supported by foundational contributors Mantle and Antalpha Prime.
Mantle Overview:
The Mantle Ecosystem includes several components built on Ethereum: Mantle Network, an Ethereum layer 2 solution; Mantle Governance, a decentralised autonomous organisation; Mantle Treasury, which holds one of the largest on-chain treasuries and Mantle LSP; an Ethereum liquid staking protocol. The Mantle token serves as both the product and governance token within the ecosystem.
Antalpha Overview:
Antalpha Prime is the primary platform of Antalpha, employing decentralised technology to safeguard funds and facilitate connections with high-quality global assets. Founded in 2021 with its headquarters in Singapore, Antalpha has built a reputation of trust among institutions, startup teams and accredited investors. It also serves as a strategic partner to Bitmain, the digital assets mining company.
FBTC Overview
FBTC, maintaining a 1:1 peg with Bitcoin, is designed to enhance Bitcoin's role beyond a store of value by introducing a liquid, easily composable BTC asset. FBTC aims to set a new standard for Bitcoin transactions, essentially transforming all other blockchains into a Layer 2 for Bitcoin. Scheduled for launch in May 2024, FBTC will be deployed on multiple blockchains, including Ethereum, Solana, Aptos and with scope for further expansion to other chains. FBTC addresses challenges faced by previous Bitcoin interoperability solutions such as wrapped BTC, which suffered from centralization and liquidity issues. FBTC introduces a strategic shift to increase Bitcoin's liquidity while adhering to its core principles of security and decentralisation.
FBTC Features and Strategic Partnerships:
FBTC’s Yield Enhancement Strategies:
Jordi Alexander, Chief Alchemist at Mantle, emphasised that FBTC aims to integrate Bitcoin into the smart contract and DeFi sectors, activating the dormant Bitcoin and enhancing its scalability and utility. Despite Bitcoin's vast market cap of $1.3 trillion, its liquidity and yield opportunities are limited, with the DeFi ecosystem representing only 4% of its total market value, in stark contrast to Ethereum’s 75%.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
