Echo Protocol has announced its latest initiative to expand the utility of Bitcoin in the DeFi sector. Designed for BTC holders, Echo Protocol offers a platform within a Move-based ecosystem that allows participants to access APT rewards. The platform’s structure allows for potential returns of up to 10% in APT, thanks to its integration with the Aptos network.
Echo Protocol has secured support from leading blockchain industry players through a successful pre-seed funding round, backed by Spartan Group, ABCDE Capital, Arthur Hayes’ Maelstrom, Selini Capital, Web3Port, Auros , Aptos, Movement Labs, Presto Labs, BSquared and Sats Ventures.
Through Echo Protocol’s flagship product, Echo Lend, users can deposit aBTC and start participating immediately without any lock-up period. The platform transition process is designed to provide an efficient and streamlined experience for Bitcoin holders.
Jonathan Phay, CEO of Echo Protocol, said: “At Echo, we are committed to empowering Bitcoin holders, especially miners and investors, by providing a way to earn sustainable returns without having to sell their BTC . As Bitcoin halving approaches and miner rewards decrease, innovative solutions are needed to maintain BTC productivity. Echo Protocol is designed to be that solution, establishing us as a key liquidity hub in the Move ecosystem.
The Aptos Foundation added: “The Aptos Foundation shares a deep alignment with Bitcoin’s core vision of decentralizing finance and empowering people on a global scale,” said Bashar Lazaar, Head of Ecosystem and Grants at the Aptos Foundation. “By integrating Echo Protocol with our cutting-edge motion-based approach. infrastructure, we aim to advance the principles of financial freedom, transparency and borderless access to economic value. This collaboration improves innovation, connectivity and liquidity globally, bringing us closer to a more equitable and open financial system for all.
BSquared added: “BTCfi is growing and scaling rapidly, providing BTC liquidity and injecting vitality into advanced blockchain ecosystems like Move. Echo plays a vital role in securing and optimizing this integration, allowing BTC to provide real liquidity and, in turn, generate real returns. B² Network is happy to offer support on the Bitcoin side. As a secure and thriving Bitcoin Layer 2, B² provides industry-leading asset security and ease of use. Thanks to the collaboration between B² and Echo, long-standing BTC can gain new momentum on high-performance Move blockchains.
Secure BTC bridging
Echo’s transition process prioritizes security and transparency. Thanks to a decentralized overlay network and Bitcoin’s Hash-Timelock, each transaction is validated and supervised by a network of trusted validators, guaranteeing the security and reliability of users.
Exclusive whitelist benefits
Echo is now offering special benefits to early registrants through its whitelist event. Users can register to receive a unique code and enjoy exclusive rewards. For more details, users can follow the link: https://echo-protocol.xyz/event-neko
About Echo Protocol
Echo Protocol is a decentralized finance platform designed to expand the utility of Bitcoin within the Move ecosystem. Focused on creating opportunities for BTC holders, Echo Protocol provides a seamless transition to access rewards in APT without lock-up periods. Backed by industry leaders, the platform prioritizes transparency, security, and user empowerment, allowing Bitcoin holders to participate in the evolving DeFi landscape without selling their BTC.
Website: www.echo-protocol.xyz
X: https://x.com/EchoProtocol_
Discord: https://discord.gg/echoprotocol
Contact
Jonathan Phay Echo Protocol jon@echo-protocol.xyz
Disclaimer: Press release sponsored by our business partners.
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