Bitlayer partners with Kamino and Orca to bring YBTC to the Solana ecosystem

Bitcoin DeFi project Bitlayer has partnered with Kamino Finance and Orca to integrate its Bitcoin-backed token, YBTC, into the Solana ecosystem. Pegged 1:1 to BTC, YBTC aims to enable decentralized Bitcoin transfers and provide yield opportunities for holders. Solana users can earn optimized BTC yields through Kamino's automated yield vaults while enjoying slippage-free trading through Orca's liquid markets. Furthermore, users can redeem native BTC at any time through cross-chain transactions. Bitlayer has also partnered with networks such as Sui, Base, and Cardano, and launched a limited-time incentive program to reward participants for using its cross-chain functionality.