Bitlayer Integrates Bitcoin-Pegged YBTC Token with Solana

Bitlayer integrated its BTC-pegged token YBTC into the Solana ecosystem through partnerships with Kamino Finance and Orca. The integration links the BitVM Bridge ecosystem with Solana via YBTC.B, enabling Kamino to offer automated yield vaults and and Orca to support trading.

A mainnet-beta incentive program is currently active, awarding BTR tokens to users who mint YBTC and use cross-chain features. The program aims to encourage adoption during the initial rollout phase.

Users can deposit YBTC on Solana (YBTC.B) into Kamino’s automated earn vaults, which auto-compound and optimize BTC-denominated returns. For trading, Orca’s concentrated-liquidity market maker supports swaps between YBTC.B and other network assets.

YBTC functions as the tokenized representation of users’ locked BTC within Bitlayer’s BitVM-based bridge system. The bridge design reduces reliance on centralized custodians when moving Bitcoin into DeFi environments. 

Bitlayer describes YBTC.B as a cross-chain wrapped version of its native BTC asset, built to standardize liquidity movement across both EVM and non-EVM chains like Solana. Users retain redemption rights for underlying BTC through the cross-chain operations. 

By combining Bitlayer’s security roots with Solana’s performance frontier through YBTC, we’re delivering what BTC holders demand: native Bitcoin exposure with yield opportunities. Kamino and Orca provide the essential liquidity rails to make this vision operational at scale,

said Bitlayer co-founder Charlie Hu.

Bitlayer develops a Bitcoin-focused DeFi infrastructure that combines a trust-minimized BitVM bridge with a high-performance execution layer designed for low-cost smart contract operations. Kamino and Orca are key infrastructure players within Solana’s DeFi stack, supporting yield generation and asset swaps.