tBTC can now be deposited on EigenLayer to earn rewards, making it the first BTC asset to offer incentives.
Users can lock up their Bitcoin and mint tBTC, a token that works on Ethereum, allowing them to use their Bitcoin in new ways while earning rewards.
Threshold Network is offering $45,000 in T incentives over the next three months for users who restake their tBTC with EigenLayer.
This new opportunity is a significant step forward for Bitcoin staking and the broader BitcoinFi ecosystem, allowing users to earn rewards while exploring new financial trends.