$BGBTC Upgrade Brings Daily Rewards and Expanded Utility

Bitget has announced a major upgrade to its $BGBTC token, a yield-enhanced asset pegged 1:1 to Bitcoin (BTC). The new upgrade introduces daily BTC-denominated rewards for $BGBTC holders and increases the token's utility across various platforms.

The integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) and existing Chainlink Proof of Reserve (PoR) ensures secure multi-chain distribution of the token, making it more credible and useful across blockchains. This upgrade addresses the need for capital efficiency in the market, allowing users to earn passive yield on their idle BTC while maintaining liquidity.

Bitget has also introduced an independent Curator framework to oversee $BGBTC's underlying yield strategies, improving portfolio monitoring and risk management. Gauntlet has been appointed as $BGBTC's independent Curator, responsible for supervising the token's yield strategies.