Bitget Wrapped Bitcoin (BGBTC) is a wrapped version of Bitcoin (BTC), pegged 1:1 with BTC on Bitget.
BGBTC allows users to hold BTC while earning value in the DeFi space. Bitget plans to expand the on-chain use cases for BGBTC, giving access to yield opportunities that were previously unavailable to BTC holders — all while maintaining your BTC positions and securing greater value in the DeFi ecosystem.
Users can subscribe to and redeem BGBTC through the BGBTC subscription channel on the product page. Additionally, users can stake BGBTC on Bitget Earn. Bitget will be collaborating with multiple Bitcoin DeFi projects to offer diversified yield opportunities.
Bitget partners with multiple DeFi projects in the Bitcoin ecosystem, allowing users who stake BGBTC to earn stackable reward points (BGPoints) from various projects. These points can be converted into token airdrops after the projects' token generation events (TGEs).
