Bitget Boosts BGBTC Rewards with Daily Bitcoin Payouts

Bitget has upgraded its BGBTC token to offer daily rewards in Bitcoin (BTC) for holders. The upgrade stays true to the token's promise of being backed one-to-one by BTC, but now pays out rewards in the form of BTC every day.

The change also brings faster redemption on large orders and additional risk controls and disclosures. This comes as part of Bitget's efforts to make its yield-bearing tokens more attractive to investors.

Holders can use BGBTC as futures margin or lending collateral, and commit it to Launchpool and PoolX. The exchange has partnered with Chainlink for cross-chain transfers, using their Cross-Chain Interoperability Protocol as the standard rail for moving the token between networks.