Bitget Unveils Daily Bitcoin Rewards on Upgraded BGBTC Product

Bitget has introduced an upgrade to its BGBTC product, allowing users to earn daily Bitcoin rewards while maintaining 1:1 backing by BTC. This move challenges the conventional trade-off between security and yield generation.

The upgrade enables users to utilize BGBTC as futures margin, lending collateral, or participate in Launchpool and PoolX within the Bitget ecosystem. This multi-purpose utility allows BTC to be used across multiple financial activities simultaneously.

Bitget has also integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) for secure distribution of BGBTC across multiple blockchain networks. The Curator framework, managed by Gauntlet, separates strategy oversight from asset custody, adding institutional-grade governance to the yield structure.