Function NewsπŸŒ—
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Making idle Bitcoin productive with FBTC. Backed by Galaxy Digital, Antalpha Global & Mantle.
$1.3B+ TVL β€’ 25+ Integrations β€’ http://fbtc.com/proof-of-assets

Discussion group: https://t.me/FBTC_Official
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What does the future of DeFi look like and what does it take to make $BTC yield accessible to the masses?

Function’s CEO, Thomas Chen, shares how properly structured onchain vaults could become a game-changer for users.
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We are still early!

GoMining's survey of Bitcoin holders across the US, Canada, and Europe found that 77% of $BTC holders have never interacted with a BTCFi platform, yet most of them are interested in earning yield.

What do you think of these stats?

Full Report https://gomining.com/blog/77-of-bitcoin-holders-havent-tried-btcfi-what-our-latest-survey-reveals
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Join us on Thursday at 11 AM ET for a discussion on "BTCFi Adoption in the US: Opportunities and Institutional Readiness".

We'll explore what institutional-grade BTCFi looks like in the US today, and what is still missing to support broader adoption.

Featuring:
Moderator: Zhixi Zhang, Senior BD & Product Strategist at BOB
Luke Hajdukiewicz, Chief Growth Officer at Concrete
Thomas Chen, CEO at Function
Michael Wei, Director of Product Management at BitGo


πŸ—“οΈ Dec. 11, 11AM ET
πŸ“ https://x.com/FunctionBTC
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Do you know what happens behind the scenes when you mint $FBTC?

From the $BTC deposit into custody to monitored checks and multi-party approvals, several verification steps take place before $FBTC is issued on chain.

Learn more in our GitBook πŸ‘‰ https://docs.fbtc.com/
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Function is built to turn idle $BTC into active on-chain capital.
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The Acquire page is now live on Function’s website.

From minting and bridging to swapping powered by Odos, users can now acquire $FBTC and track bridge transactions via the new Bridge Explorer, all from one spot.

Explore the new page πŸ‘‰ https://www.fxn.xyz/acquire
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Sentiment is cyclical. Utility shouldn’t be.

As the $BTC Fear & Greed Index returns to 2022 levels, $FBTC is built to keep Bitcoin functional across market conditions.
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Unlock BTC-Backed Yield on Solana with $FBTC on kamino Main Market.

The path is straightforward:
Supply FBTC β†’ Borrow PYUSD β†’ Deploy PYUSD into yield opportunities β†’ Earn more from your BTC position.

Qualified users are eligible for an additional 1% annualized incentive.

For more details, please refer to the https://medium.com/@FunctionBTC/unlock-btc-backed-yield-on-solana-with-fbtc-on-kamino-main-market-6049fcf5cfd7
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