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Crypto

Bitget Boosts BGBTC with Daily BTC Rewards and Cross-Chain Transfers

Guavy AI Editorial Team
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BTC LINK BGB
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Bitget has upgraded its Bitcoin-backed BGBTC asset to include daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet.

The upgrade allows BGBTC holders to receive daily rewards in the form of Bitcoin, maintaining a 1:1 peg with the underlying asset. This feature is designed to let users earn yield without selling their exposure to Bitcoin.

Chainlink's CCIP will serve as the canonical cross-chain infrastructure for BGBTC, enabling fast and efficient transfers between supported blockchain networks. Gauntlet will independently oversee the asset's underlying yield strategies, monitoring risks and determining how capital is deployed.

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