According to Odaily, Ignition has officially launched a full-chain Bitcoin asset, FBTC, which is pegged 1:1 with Bitcoin (BTC). The aim of this initiative is to enhance the accessibility and utility of Bitcoin, allowing users to earn higher returns from their idle Bitcoin.
FBTC has already established partnerships with multiple protocols and has been integrated into various yield-enhancing strategies. The first batch of partners includes Ethena, Bedrock, Lombard, PumpBTC, Lorenzo, SatLayer, Stakestone, Solv Protocol, Avalon, Pendle, Mancake, Lendle, Minterest, Astherus, Pell Network, Tomo wallet, and Openbit.
Currently, FBTC can be obtained through multiple liquidity channels on the Ethereum and Mantle networks. It can also be seamlessly exchanged on the FBTC.COM website.