We’ve heard of (re)staking on Ethereum and its billions USD potential. We’ve heard of (re)staking on Solana and its billions USD potential. But have you heard of (re)staking on Bitcoin and its potential to unlock trillions USD?

You can claim a part of this goldmine by staying locked into BitReserve. Hear me out 👇

Because BitReserve is all about Bitcoin Staking, it’s good to explore what BTCfi and Bitcoin Staking are first.

BTCfi stands at the intersection of Bitcoin & DeFi, enabling various financial activities using Bitcoin as collateral. BTCfi embodies a paradigm shift from the previous perception of Bitcoin as a simple store of value.

Now, BTCfi allows BTC holders to access loans, earn interest, participate in liquidity pools, and engage in yield farming.

💥 Bitcoin staking is core to BTCfi.

Well, bitcoin staking was a myth before CoreDAO introduced an innovation that forever reshaped the Bitcoin ecosystem. They launched non-custodial BTC staking, a solution that makes BTC a yield-earning asset directly on top of the Bitcoin Network.

Size of the market

The idea of staking an asset to earn yields has gained attention over time and is attractive to investors. With a Total Volume of $53.01b in the past month, it’s clear that more people are interested in staking their digital assets. Although Bitcoin staking is just kickstarting in the staking ecosystem, its fundamental attributes like security and trust will enable it to claim a chunk of the market.

What is BitReserve?

BitReserve is here to further consolidate the BTC staking ecosystem. By leveraging BTC staking, BitReserve allows users to mint rBTC when they stake BTC assets (such as coreBTC, WBTC, BTC LST, etc.) on CoreDAO.

With BitReserve, users can earn sustainable APR returns of over 50% annually without impermanent losses.

Let’s explore how BitReserve works 👇

rBTC

Also known as reserveBTC, rBTC is the instrument used by BitReserve to collect BTCfi yields. rBTC benefits users in the following ways:

a) LP fees: All txn fees (currently 3%) from trading rBTC with coreBTC will be added to the rBTC staking contract, benefiting rBTC holders.

b) Bitcoin staking yields: Staking yields can be earned when users deposit coreBTC or others. Their earnings will then be compounded, increasing earning opportunities.

c) Bitcoin restaking: As BitReserve grows, users will also be exposed to restaking opportunities, increasing the earnings of rBTC.

d) Protocol revenue: Part of the fees generated from BitReserve’s protocol will also be channeled to rBTC holders.

rBTC Peg Mechanism

rBTC is pegged to Bitcoin assets on a 1:1 basis. This implies that any deviation from the peg creates arbitrage opportunities.

However, in cases where rBTC “depegs,” and arbitrageurs aren’t actively engaging, a balance mechanism is triggered. BitReserve's treasury will buy back these rBTC to maintain the peg and redeem the corresponding BTC assets.

This mechanism ensures the long-term stability of the rBTC peg, the confidence of rBTC holders, a high income of Bitreserve's treasury, and an increased floor price of $BTR.

$BTR Token

$BTR is central to BitReserve’s protocol and ecosystem. It drives BitReserve’s core functionalities and ensures its continuous growth and sustainability.

Its major use cases:

a) BitReserve’s native token

b) BitReserve’s governance token

c) Decentralized savings currency

d) Propeller of BitReserve’s growth flywheel

e) Staking vehicle

f) Bonding vehicle

g) Inflationary/deflationary model

BitReserve: Journey So Far

BitReserve has achieved numerous in a short time span:

1) Mainnet launch on CoreDAO

2) Listing on DefiLlama

3) Bullish partnerships with reputable industry players like Glyph Exchange and CoreX

4) Audit completion with reputable auditing firms

5) Active participants in btcfisummer campaign

6) Strong and growing community