Alisa Davidson
Revealed: January 20, 2026 at 8:34 am Up to date: January 20, 2026 at 8:34 am
Edited and fact-checked:
January 20, 2026 at 8:34 am
In Transient
Operate has launched FBTC on Solana, offering full collateralization, DeFi integrations throughout Orca, Kamino, LayerZero, Stargate, and Bybit, and retail customers the flexibility to earn yield by means of Bybit’s On-Chain Earn.
Operate, a Bitcoin infrastructure firm, has reported that its 1:1 Bitcoin-backed asset, FBTC, is now out there on Solana, extending a totally collateralized Bitcoin illustration to one of many trade’s highest-throughput blockchain networks. The rollout additionally introduces what’s described as the primary retail-focused Bitcoin vault on Solana, enabling customers to earn yield by means of FBTC through Bybit’s On-Chain Earn service.
The launch is accompanied by a sequence of decentralized finance integrations meant to help liquidity and value from the outset. Orca is offering swapping performance and low-slippage buying and selling, whereas Kamino is providing entry to roughly $500 million in stablecoin liquidity.
“FBTC provides Bitcoin holders entry to yield throughout Solana’s vibrant ecosystem,” mentioned Leo Zhang, Contributor at Operate, in a written assertion. “This integration marks one other step in the direction of making Bitcoin extra composable and purposeful throughout DeFi,” he added.
FBTC operates utilizing LayerZero’s Omnichain Fungible Token commonplace, which permits it to be bridged to Solana by means of Stargate Finance at a assured one-to-one price, no matter switch measurement and with out slippage. The asset is designed to rework idle Bitcoin right into a productive on-chain instrument, with every token backed by an equal quantity of BTC and supported by publicly verifiable reserve addresses. The construction is meant to mix Bitcoin’s safety profile with the programmability of good contracts, enabling Bitcoin-backed liquidity to take part in fashionable DeFi purposes with out compromising collateral backing.
“Operate constructed FBTC with the transparency and institutional-grade threat requirements anticipated from property coming into Kamino’s credit score layer,” mentioned Mark Hull, Contributor at Kamino, in a written assertion. “With greater than half a billion {dollars} in stablecoin deposits out there, Kamino supplies deep liquidity for FBTC holders to faucet into from day one,” he added.
FBTC Goes Dwell On Solana With Full DeFi Help Throughout Orca, Kamino, LayerZero, Stargate, And Bybit
The broader ecosystem supporting FBTC at launch consists of Solana because the host community, Orca for swapping and liquidity provision, Kamino for collateralized lending, LayerZero because the cross-chain messaging layer, Stargate because the bridging mechanism, and Bybit because the distribution channel for retail customers by means of its Bitcoin vault providing.
“Bybit’s On-Chain Earn makes it easy for thousands and thousands of Bybit customers to entry yield alternatives,” mentioned Jerry Li, Head of Monetary Merchandise and Wealth Administration at Bybit, in a written assertion. “By way of FBTC, we’re bringing collectively the safety of Bitcoin with the effectivity of Solana’s ecosystem, giving our neighborhood the instruments to make their BTC productive with out sacrificing publicity to the underlying asset,” he added.
The rollout supplies a number of entry factors for customers, together with bridging FBTC to Solana through Stargate, utilizing FBTC as collateral on Kamino to borrow stablecoins, and accessing curated yield methods by means of Bybit’s On-Chain Earn. Collectively, these elements are positioned as a part of an effort to combine Bitcoin extra deeply into decentralized finance whereas sustaining full reserve backing and cross-chain performance.
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About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
