PANews reported on August 19th that the Bitcoin DeFi project Bitlayer has partnered with Kamino Finance and Orca to integrate its Bitcoin-backed token, YBTC, into the Solana ecosystem. YBTC, pegged 1:1 to BTC, aims to enable decentralized Bitcoin transfers and provide yield opportunities for holders. Solana users can earn optimized BTC returns through Kamino's automated yield vaults while enjoying slippage-free trading through Orca's liquid markets.

In addition, users can redeem native BTC at any time through cross-chain operations. 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 functions.