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In these modern days of cryptographic alchemy, gold is wrought not from earth, but from the fabric of mathematics… in the form of Bitcoin.
The Bitcoin network has become a thriving force – joining the on-chain economy with over 2,000% growth in TVL in the past 12 months alone. With regulatory approval in the West, it seems we are at the dawn of a bright and promising future. The technology sector, specifically digital assets, is well-positioned for unprecedented growth and optimism.
At the core of this innovation and market expansion is zenBTC: a cross-chain, yield-bearing wrapped Bitcoin product that never leaves the Bitcoin network. Let’s dive into how it works.
Bitcoin remains the crypto gold standard for security, decentralization, and value preservation. Limited composability1, however, has prevented Bitcoin from fully embracing the vibrant and fast-growing DeFi ecosystem.
Enter zenBTC: a yield-bearing, cross-chain, permissionless wrapped Bitcoin solution. zenBTC is designed to bridge the gap between increased DeFi demand and Bitcoin adoption.
zenBTC leverages Distributed Multi-Party Computation (dMPC) technology and globally recognized infrastructure providers to unlock new opportunities for Bitcoin holders. Earn yield, participate in DeFi, and engage with the broader blockchain ecosystem.
Bitcoin, while powerful as a store of value, is siloed within its native blockchain, limiting its role in the larger blockchain ecosystem:
Bitcoin, the largest and most secure cryptocurrency, remains underutilized in DeFi’s dynamic landscape.
Bitcoin is the world’s most valuable cryptocurrency, with over $2T in market capitalization (as of Jan 2025). Yet, less than 1% of Bitcoin is actively engaged in DeFi.
That is a massive untapped reservoir of liquidity. The growing demand for decentralized and trustless financial products offers a clear opportunity for Bitcoin holders to transition from passive participants to active contributors to the DeFi economy.
And the market is responding – the TVL of Bitcoin (an indicator of DeFi activity) has grown 2000% since January 2024. zenBTC provides the bridge to this future. With seamless protocol integrations, zenBTC unlocks yield generation, liquidity provision, and cross-chain trading.
The potential market for zenBTC is vast. It simply offers a more efficient way to utilize idle Bitcoin reserves. As DeFi continues to evolve, zenBTC is uniquely positioned to become the cornerstone for Bitcoin’s active participation in this new financial paradigm. The question isn’t whether Bitcoin will integrate into DeFi — it’s how. And zenBTC is the answer.
zenBTC redefines Bitcoin’s role in the broader on-chain economy by combining native Bitcoin custody with decentralized, yield-generating capabilities.
Built on Zenrock’s state-of-the-art dMPC network, zenBTC ensures that Bitcoin holders can securely and seamlessly interact with DeFi applications across multiple chains — all without sacrificing decentralization.
ZenBTC is underpinned by Zenrock’s distributed Multi-Party Computation (dMPC) technology, a cryptographic breakthrough that decentralizes private key management.
With dMPC, private keys are never fully reconstructed; instead, transactions are securely signed by a network of nodes without a single point of failure. As a more powerful alternative to multi-sig, dMPC architecture maintains user sovereignty while providing an unparalleled level of security.
See: Zenrock dMPC Docs
Our cross-chain infrastructure providers power seamless cross-chain activity between zenBTC and other blockchains. Users can swap zenBTC for assets on other chains without intermediaries, posing endless liquidity opportunities for Bitcoin in otherwise gatekept DeFi markets.
Through its integration with restaking pools, zenBTC incorporates restaking to reinforce network security. Participants can restake assets while earning additional rewards.
The power of zenBTC is rooted in its ecosystem of trusted infrastructure partners – providing a robust and decentralized infrastructure:
See: EigenLayer Docs, THORChain Docs, Zenrock Docs
zenBTC transforms Bitcoin from a passive store of value into a dynamic, yield-generating asset that can thrive within the digital asset economy.
With unparalleled security, interoperability, and a thriving ecosystem of globally-recognized infrastructure partners, zenBTC is uniquely positioned to unlock Bitcoin’s full potential for a new generation of DeFi users.
Join us in shaping the future of BTCfi. We have spoketh.
1 composability: Composability in blockchain refers to the capability of combining and interconnecting different blockchain protocols, smart contracts, and decentralized applications (dApps) to create new systems or outputs. (source)
