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Crypto

Bitget's BGBTC Now Offers Daily Rewards

Guavy AI Editorial Team
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Bitget has upgraded its yield-bearing Bitcoin token, BGBTC, to offer daily rewards in BTC. The upgrade also introduces faster redemption for large orders and additional risk controls.

Holders of BGBTC can now use the token as futures margin or lending collateral, and commit it to Launchpool and PoolX. Bitget has named Chainlink's Cross-Chain Interoperability Protocol its standard rail for moving the token between networks.

An independent Curator framework has been added to oversee the strategies behind BGBTC, with Gauntlet taking on this role. This separation of strategy decisions from asset custody aims to increase capital efficiency in digital asset markets.

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