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Bitget Boosts Daily Rewards for Yield-Bearing Bitcoin Token

Guavy AI Editorial Team
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Bitget has upgraded its yield-bearing Bitcoin token, BGBTC, to include daily rewards. Despite the token remaining backed one-to-one by Bitcoin (BTC), holders will now receive daily payouts in BTC.

The upgrade includes faster redemption for large orders and additional risk controls. Bitget also introduced an independent Curator framework, naming Gauntlet as its partner to oversee strategy decisions for BGBTC.

Chainlink's Cross-Chain Interoperability Protocol has been implemented for transferring the token between networks, building on earlier use of Chainlink Proof of Reserve.

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