InfStones is thrilled to announce a multifaceted collaboration with iBTC, a decentralized platform that bridges Bitcoin and decentralized finance (DeFi).Through this collaboration, InfStones will contribute as an attestor and vault curator to advance iBTC’s mission of decentralized Bitcoin utility.
What Makes This Collaboration Exciting?
Bitcoin is the most trusted digital asset globally, yet integrating it into DeFi has long relied on centralized solutions that compromise decentralization. iBTC addresses this challenge with a decentralized approach that allows users to utilize Bitcoin across DeFi platforms.
iBTC’s platform stands out for its use of Discreet Log Contracts (DLCs), which allow users to lock Bitcoin in a decentralized manner. Unlike traditional wrapped Bitcoin solutions that rely on centralized custodians, iBTC ensures that users retain full control of their assets.
We are excited to join forces with iBTC to further amplify this mission alongside our expertise in blockchain infrastructure.
How We’re Collaborating
Here’s how we’re collaborating:
Securing the network as an attestor
InfStones will serve as an attestor (validator) within iBTC’s infrastructure. This role involves verifying transactions and ensuring that Bitcoin deposits and withdrawals via iBTC remain transparent and secure.
Curating Mellow and Symbiotic Vaults
Mellow/Symbiotic Vaults are advanced DeFi strategies designed to optimize liquidity and yield for users. For iBTC, they will allow participants to stake their assets in decentralized vaults that provide diversified, automated yield opportunities. Through our collaboration, InfStones will also help curate specialized vaults for iBTC within the Mellow and Symbiotic ecosystem.
Conclusion
This collaboration is a significant leap forward in DeFi. For Bitcoin holders, it means more opportunities to utilize their assets securely and profitably within DeFi ecosystems. For the broader blockchain community, it demonstrates the power of collaborations in driving meaningful change.We’re just getting started. Together with iBTC, InfStones is excited to bring new possibilities to the blockchain.
InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.
InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.