atBTC (Atlas Bitcoin)

What is atBTC?

atBTC is a yield-bearing, liquid staked token that represents staked BTC within the Atlas Protocol ecosystem.

When users stake their BTC through Atlas Protocol, they receive atBTC at a 1:1 ratio on their chosen blockchain. This token serves as a bridge between the native Bitcoin network and various DeFi platforms across multiple blockchains.

Key Features of atBTC

• 1:1 Backing: Each atBTC token is fully backed by an equivalent amount of BTC staked on the Bitcoin network.

• Cross-Chain Compatibility: atBTC can be minted on any supported blockchain, including NEAR and EVM-compatible chains.

• Utility in DeFi: atBTC can be used in various DeFi protocols for lending, borrowing, yield farming, and more.

• Liquidity: Holders can redeem atBTC for native BTC at any time, ensuring they have full control over their assets.

How atBTC Benefits Users

• Maximized Yield: Users earn staking rewards from the underlying BTC while also generating additional returns through DeFi activities with atBTC.

• Flexibility: Provides the ability to move assets across different blockchains without traditional bridging risks.

• Security: Maintains the security of native BTC staking while offering the utility of a liquid token.