Users can now swap and bridge $FBTC on the Ethereum and Mantle networks! This milestone is a significant step forward in our journey, bringing us closer to realizing our vision of liberating Bitcoin’s growth and contributing to the expansion of DeFi within the Bitcoin ecosystem.
With this new venture, we’re also excited to introduce “Ignition”, the new name for our project encompassing $FBTC.
Ignition — Liberating the Growth Power of Bitcoin
Ignition is dedicated to liberating the growth power of Bitcoin, allowing it to thrive across all blockchains. Supported by core contributors Mantle and Antalpha Prime, Ignition is paving the way for a low-friction and interoperable future. It extends Bitcoin’s functionality beyond its traditional role as a store of value, and transforms it into a reliable asset for cross-chain integrations and diverse yield opportunities.
FBTC — Earn more yield than ever on your idle Bitcoin
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 Mint/Burn Function Live
Qualified users, including institutions and merchants who meet specific requirements and complete KYC/KYB procedures, can now mint and burn $FBTC. To ensure secure custody, Cobo serves as our initial custodian, managing users’ Bitcoin assets using multi-party computation (MPC) addresses. Additionally, Ignition has established a Security Council to oversee these custodial operations. Mantle, Antalpha Prime, and Cobo are the starting council members, with plans to add more members.
Want to join $FBTC as a Qualified User? Apply now!
For more details, please visit here.
Ways to Acquire FBTC
$FBTC is now accessible through multiple liquidity channels on both Ethereum and Mantle. Users can seamlessly swap $FBTC directly on our website.
- Ethereum: Uniswap, Bybit Web3, DODO, Odos, OKX Web3, and TokenPocket.
- Mantle: Merchant Moe, Agni Finance, DODO, Odos, and Bybit Web3.
Ignition’s Bridge function is also live, allowing users to securely bridge their $FBTC between both Ethereum and Mantle networks.
Upcoming Integrations
The Ignition team is excited to reveal our initial collaborations with a diverse range of protocols that provide yield options for $FBTC, including Ethena, Bedrock, Lombard, PumpBTC, Lorenzo, SatLayer, Stakestone, Solv Protocol, Avalon, Pendle, Mancake, Lendle, Minterest, Astherus, Pell Network and Openbit.
We will be announcing further details on these upcoming integrations in the next few weeks.
Join Ignition’s Vision
The launch of Ignition and $FBTC will allow users to effortlessly engage with the expanding Bitcoin ecosystem and utilize idle $BTC in a variety of on-chain yield strategies. The days of limited yield options with Bitcoin are behind us.
Follow Ignition’s socials to be the first to know about any upcoming events and initiatives!
- Website: https://www.fbtc.com
- X/Twitter: https://x.com/FBTC_Official
- Discord: https://discord.com/invite/fbtc
- Telegram: https://t.me/FBTCofficial
