Users can now swap and bridge $FBTC on both the Ethereum and Mantle networks! This milestone is an important step forward in our journey, bringing us closer to achieving our vision of unleashing Bitcoin’s growth and facilitating the expansion of DeFi within the Bitcoin ecosystem.
With this new adventure, we are also excited to launch “Ignition,” the new name for our project that encompasses $FBTC.
Ignition — Unleashing Bitcoin’s Growth
Ignition is committed to unlocking Bitcoin's growth momentum so it can thrive on all blockchains. Backed by core contributors Mantle and Antalpha Prime, Ignition is paving the way for a low-friction and interoperable future. It expands Bitcoin's capabilities beyond its traditional role as a store of value and transforms it into a reliable asset for cross-chain integration and diversified yield opportunities.
FBTC — Earn More Yield Than Ever on Your Idle Bitcoin
Ignition has launched $FBTC, a full-chain Bitcoin asset pegged 1:1 to BTC, designed to increase Bitcoin's accessibility and utility. As a secure, decentralized, composable, and liquid Bitcoin asset, $FBTC can be used at scale and easily integrated into various yield-enhancing strategies such as liquidity pools, collateral, and staking.
Powered by Ignition, $FBTC’s growth will be driven by a comprehensive roadmap and strong developer support, ensuring its long-term success and sustainable growth.
FBTC minting/destruction function launched
Qualified users, including institutions and merchants who meet specific requirements and complete KYC/KYB procedures, can now mint and destroy $FBTC. To ensure custody security, Cobo will serve as our initial custodian, using multi-party computation (MPC) addresses to manage users' BTC assets. In addition, Ignition has established a security committee to oversee these custody operations. Mantle, Antalpha Prime, and Cobo are the first council members, and we plan to add more members in the future.
Want to join $FBTC as a qualified user? Apply now!
For more details, please visit here.
How to get FBTC
$FBTC is now available through multiple liquidity channels on Ethereum and Mantle. Users can seamlessly redeem $FBTC directly on our website.
Ethereum: Uniswap, Bybit Web3, DODO, Odos, OKX Web3, TokenPocket
Mantle：Merchant Moe，Agni Finance，DODO，Odos，Bybit Web3
Ignition’s bridge functionality is also live, allowing users to securely bridge their $FBTC between Mantle and the Ethereum network.
Upcoming Integrations
The Ignition team is excited to announce initial partnerships with multiple protocols that provide yield options for $FBTC, including Ethena, Bedrock, Lombard, PumpBTC, Lorenzo, SatLayer, Stakestone, Solv Protocol, Avalon, Pendle, Mancake, Lendle, Minterest, Astherus, and Openbit.
We will announce more details on these upcoming integrations in the coming weeks.
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