{"id":15286,"date":"2024-07-17T15:47:59","date_gmt":"2024-07-17T12:47:59","guid":{"rendered":"https:\/\/forklog.com\/en\/ignition-launches-omnichain-asset-fbtc-on-ethereum-and-mantle\/"},"modified":"2024-07-17T15:47:59","modified_gmt":"2024-07-17T12:47:59","slug":"ignition-launches-omnichain-asset-fbtc-on-ethereum-and-mantle","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ignition-launches-omnichain-asset-fbtc-on-ethereum-and-mantle\/","title":{"rendered":"Ignition Launches Omnichain Asset FBTC on Ethereum and Mantle"},"content":{"rendered":"<p>DeFi project Ignition has launched the omnichain asset FBTC on the Ethereum mainnet and the Mantle L2 solution. The developers announced this on X.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"ru\" dir=\"ltr\">The days of limited Bitcoin yield are over.<\/p>\n<p>Now users can exchange and bridge <a href=\"https:\/\/twitter.com\/search?q=%24FBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FBTC<\/a> across Ethereum and Mantle networks, bringing us closer to our vision of Bitcoin&#8217;s free growth.<\/p>\n<p>Welcome to the new era of Bitcoin DeFi with Ignition ?<a href=\"https:\/\/t.co\/Iye5JkIpJX\">https:\/\/t.co\/Iye5JkIpJX<\/a> <a href=\"https:\/\/t.co\/bJlFmK7Q2h\">pic.twitter.com\/bJlFmK7Q2h<\/a><\/p>\n<p>\u2014 FBTC RU (@FBTC_OfficialRU) <a href=\"https:\/\/twitter.com\/FBTC_OfficialRU\/status\/1811744450013729225?ref_src=twsrc%5Etfw\">July 12, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>FBTC is a token pegged to Bitcoin at a 1:1 ratio. The teams from Mantle Network and Antalpha Prime, part of Ignition, <a href=\"https:\/\/u1f987.com\/en\/news\/mantle-and-antalpha-prime-introduce-bitcoin-based-omnichain-asset\">introduced<\/a> FBTC in April. At that time, they noted that with a market capitalization of $1.3 trillion, the share of the first cryptocurrency in the DeFi ecosystem&#8217;s TVL is only 4%.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFBTC enhances the accessibility and utility of Bitcoin in other networks and L2 solutions. It can be used at any scale and easily integrated into various yield-enhancing strategies, including lending, staking, and liquidity pooling,\u201d commented representatives of Ignition.<\/p>\n<\/blockquote>\n<p>At the time of publication, FBTC can be <a class=\"tracking_link\" href=\"https:\/\/fbtc.com\/get-fbtc\" target=\"_blank\" rel=\"noopener\">acquired<\/a> on Uniswap, DODO, Odos, TokenPocket, OKX (Web3), and Bybit (Web3).<\/p>\n<p>Ignition announced partnerships with teams from Ethena, Stakestone, Solv Protocol, Avalon, Pendle, Mancake, Lendle, and Minterest.<\/p>\n<p>Until July 30, Mantle Network is holding a <a class=\"tracking_link\" href=\"https:\/\/vk.com\/wall-225664062_593\" target=\"_blank\" rel=\"noopener\">contest on VK<\/a> for creating original memes, videos, and sticker packs for Telegram. To participate, one must:<\/p>\n<ul class=\"wp-block-list\">\n<li>subscribe to the <a class=\"tracking_link\" href=\"https:\/\/vk.com\/mantlenetwork\" target=\"_blank\" rel=\"noopener\">VK group<\/a> and <a class=\"tracking_link\" href=\"https:\/\/t.me\/Mantle_RU\" target=\"_blank\" rel=\"noopener\">Telegram channel<\/a> of Mantle Network;  <\/li>\n<li>post a meme in the comments under the <a class=\"tracking_link\" href=\"https:\/\/vk.com\/wall-225664062_593\" target=\"_blank\" rel=\"noopener\">contest post<\/a> and include their Telegram account.<\/li>\n<\/ul>\n<p>On July 31, Mantle Network representatives will conclude the contest and award:<\/p>\n<ul class=\"wp-block-list\">\n<li>200 MNT for first place (one winner);<\/li>\n<li>150 MNT each for second place (two winners);<\/li>\n<li>100 MNT each for third place (five winners).<\/li>\n<\/ul>\n<p>Previously, ForkLog published an educational piece on the upcoming Ethereum network update called Pectra.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DeFi project Ignition has launched the omnichain asset FBTC on the Ethereum mainnet and the Mantle L2 solution. The developers announced this on X. The days of limited Bitcoin yield are over. Now users can exchange and bridge $FBTC across Ethereum and Mantle networks, bringing us closer to our vision of Bitcoin&#8217;s free growth. Welcome [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,46,1179],"class_list":["post-15286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-ethereum","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"105","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15286"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15285"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}