Ignition: FBTC is now live on Ethereum and Mantle

Users can now swap and bridge $FBTC on the Ethereum and Mantle networks! This milestone is an important step on our path forward, bringing us closer to realizing the vision of liberating Bitcoin growth and promoting the expansion of DeFi within the Bitcoin ecosystem.

With this new adventure, we are also excited to launch "Ignition," the new name for our project that includes $FBTC.

Ignition ------ Unleashing the Growth Potential of Bitcoin

Ignition is dedicated to unleashing the growth potential of Bitcoin, allowing it to thrive across all blockchains. With the support of core contributors Mantle and Antalpha Prime, Ignition is paving the way for a low-friction and interoperable future. It expands Bitcoin's capabilities, transforming it from a traditional store of value into a reliable asset for cross-chain integration and diverse yield opportunities.

FBTC --- Earn Higher Yields with Idle Bitcoin

Ignition has launched $FBTC, a fully on-chain Bitcoin asset pegged 1:1 to BTC, designed to enhance the accessibility and utility of Bitcoin. As a secure, decentralized, composable, and highly liquid Bitcoin asset, $FBTC can be used at scale and easily integrated into various yield-enhancing strategies, such as liquidity pools, collateral, and staking.

Driven by Ignition, the growth of $FBTC will be supported by a comprehensive roadmap and strong developer backing, ensuring its long-term success and sustainable growth.

FBTC Minting/Burning Functionality Now Live

Qualified users, including institutions and merchants that meet specific requirements and complete KYC/KYB procedures, can now mint and burn $FBTC. To ensure custodial security, Cobo will act as our initial custodian, managing users' BTC assets using multi-party computation (MPC) addresses. Additionally, Ignition has established a security council to oversee these custodial operations. Mantle, Antalpha Prime, and Cobo are the first council members, and we plan to add more members in the future.

Want to join $FBTC as a qualified user? Apply now!

For more details, please visit here.

How to Obtain FBTC

$FBTC is now available through multiple liquidity channels on Ethereum and Mantle. Users can seamlessly swap $FBTC directly on our website.

Ethereum: Uniswap, Bybit Web3, DODO, Odos, OKX Web3, TokenPocket

Mantle: Merchant Moe, Agni Finance, DODO, Odos, Bybit Web3

Ignition's bridging functionality is also live, allowing users to securely bridge their $FBTC between the Mantle and Ethereum networks.

Upcoming Integrations

The Ignition team is thrilled to announce that we have reached preliminary collaborations with various protocols that provide yield options for $FBTC, including Ethena, Bedrock, Lombard, PumpBTC, Lorenzo, SatLayer, Stakestone, Solv Protocol, Avalon, Pendle, Mancake, Lendle, Minterest, Astherus, and Openbit.

We will announce more details about these upcoming integrations in the coming weeks.

Join the Vision of Ignition

The launch of Ignition and $FBTC will enable users to easily participate in the ever-expanding Bitcoin ecosystem and leverage idle Bitcoin across various chain yield strategies. The era of limited Bitcoin yield options is over.

Follow Ignition's social media to stay updated on upcoming events and plans!

• Official Website: https://www.fbtc.com
• Twitter: https://x.com/FBTC_Official
• Discord: https://discord.com/invite/fbtc
• Telegram: https://t.me/FBTCofficial