ChainCatcher news, the Bitcoin re-staking protocol Echo Protocol has completed its Pre-seed funding round, led by The Spartan Group, with participation from ABCDE, Maelstrom, Selini Capital, Presto, Sats Ventures, Web3Port, and others.Echo Protocol stated that only WL members can stake BTC in the first public treasury ifykyk, which will open on October 28.It is reported that Echo Protocol is the first Bitcoin liquidity re-staking and yield protocol on MoveVM, aiming to bring BTC liquidity and re-staking solutions into the Move ecosystem.

ChainCatcher message, B² Network has reached a strategic partnership with Aptos and Echo Protocol to promote the expansion of BTCFi into the Move ecosystem.This collaboration marks BTCFi's first attempt in the Move ecosystem, with the Aptos Foundation, B² Network, and Echo Protocol each providing 10% APY returns, B² token incentives, and Echo Points rewards respectively for the first phase participants. Currently, 2000 BTC have successfully crossed from B² Network to Aptos's Echo Protocol and have begun to earn rewards.B² Network will continue to explore more multi-chain BTCFi scenarios to promote the development of BTCFi across the entire chain.