Ignition price

FBTC

#72

Ignition introduces $FBTC, an omnichain Bitcoin asset pegged 1:1 to BTC, aimed at elevating Bitcoin’s accessibility and utility. As a secure, decentralized, and composable liquid Bitcoin asset with deep liquidity, $FBTC can be used at scale and easily integrated into various yield enhancement strategies like liquidity pooling, collateral, and staking. Under Ignition, $FBTC's growth will be driven by a comprehensive roadmap and strong developer support, ensuring its long-term success and sustainable growth.

$FBTC is a cross-chain 1:1 backed liquid Bitcoin. It is mainly used for: * Staked into LRT protocols built on Babylon to provide additional security for app chains. * Used as collateral in borrowing & lending protocols to earn yields. * Used in funding rate arbitrage strategies to farm yields. * Used in many DeFi protocols to farm liquidity yields.

$FBTC is designed to operate on various blockchain networks. Initially, $FBTC will adhere to the ERC-20 token standard, allowing it to be used across the broader Ethereum ecosystem. Users can trade $FBTC on decentralized exchanges and explore various DeFi opportunities through protocols and platforms that support $FBTC.

DeFi opportunities for $FBTC include funding rate arbitrage, lending and borrowing, restaking rewards, yield farming, token swapping, and liquidity pools. Various protocols and platforms support $FBTC, including Avalon, Lombard, Bedrock, Lorenzo, PumpBTC, StakeStone, Ethena, Lendle, Uniswap, OpenBit, Merchant Moe.

$FBTC is available for trading on a growing number of decentralized exchanges and aggregators, with cryptocurrency pairs currently available.

[Uniswap] (https://coinmarketcap.com/exchanges/uniswap-v3/) offers liquidity for WBTC/FBTC on Ethereum as of July 2024, While [DODO] (https://coinmarketcap.com/exchanges/dodo/) also offers liquidity for WBTC/FBTC on Ethereum and Mantle Network as of July 2024. [Merchant Moe] (https://coinmarketcap.com/exchanges/merchant-moe/) also offers liquidity for METH/FBTC on Mantle Network as of July 2024. [Agni Finance] (https://coinmarketcap.com/exchanges/agni-finance-mantle/) also offers liquidity for METH/FBTC on Mantle Network as of July 2024.