Veda Powers pumpBTC’s New BTC-Fi Vault: Unlocking Yield for Bitcoin

Oct 30, 2024

Oct 30, 2024

Veda is excited to announce its partnership to power the pumpBTC BTC-Fi Vault, marking another milestone in our mission to establish Veda as the DeFi Earn Network. With the pumpBTC BTC-Fi Vault, Bitcoin holders can access DeFi yields in a single, seamless step—bridging Bitcoin’s store of value potential with the powerful earning opportunities of DeFi.

The Evolving Role of Bitcoin in DeFi

Bitcoin has come a long way since its inception as a peer-to-peer digital currency. While its role as a store of value has solidified, the question remains: can Bitcoin become more than just “digital gold”? Unlike ETH, which benefits from an active staking and earning ecosystem, Bitcoin lacks an accessible, secure, and scalable way to generate yield without compromising on its core principles.

Enter pumpBTC, a next-generation, yield-bearing Bitcoin product designed to unlock the earning power of BTC in DeFi. pumpBTC preserves Bitcoin’s value while enabling it to generate yield across DeFi ecosystems, making it ideal for Bitcoin holders seeking to hold and earn.

Veda: The Power Behind pumpBTC’s BTC-Fi Vault

As the DeFi Earn Network, Veda plays a vital role in expanding pumpBTC as a yield-generating asset, empowering holders to tap into DeFi’s potential without the usual technical barriers. By integrating the most largest DeFi protocols directly into its network, Veda ensures that users securely access the most popular DeFi yields with ease.

The pumpBTC BTC-Fi Vault kicks off with yield strategies focused onUniswap V3-style concentrated liquidity and yield trading on Pendle. As pumpBTC gains additional traction across DeFi, Veda will expand its yield strategies, unlocking further earning opportunities across protocols and Layer 2 ecosystems.

How to Join

Deposit WBTC, FBTC, and cbBTC into the pumpBTC BTC-Fi Vault at https://app.btc-fi.ai/

to enjoy 1-click Bitcoin yield as well as 3x Veda points. Veda points track your participation in the Veda ecosystem. Track your rewards on the Veda Points dashboard, where eligible activities and reward multipliers are displayed.

Eligibility: The Veda Points campaign is geared towards dedicated members of the Veda Earn Network, with participation restricted in certain jurisdictions, including the United States. 

A New Era for Bitcoin DeFi

With pumpBTC and Veda working together, pumpBTC holders have a seamless, secure path to earn in DeFi like never before. By powering pumpBTC’s BTC-Fi Vault, Veda strengthens its position as the DeFi Earn Network, committed to building simple, transparent, and secure yield solutions for DeFi users.