Bitena Use Case Scenario - BTCLayer2 BEVM

Bitena initially launched within the Bevm ecosystem, perfectly integrating the staking yield highlights of the Bido project from the Lido concept, providing stable staking income for Stbtc. This serves as the cornerstone for Bitena's initiation in the BTC ecosystem.

Bido is a liquid-staking protocol for BTC on the BEVM network, developed based on the Lido protocol on Ethereum. Bido offers a straightforward way to obtain digital token rewards. By staking with Bido, your tokens remain liquid and can be utilized in a variety of DeFi applications to earn additional rewards.

Bitena's debut in the BEVM ecosystem marks our commitment to innovation in crypto finance and ecosystem expansion. By partnering with Bido, we are not just introducing Bitena’s technology into a new domain but deepening our understanding of digital asset management and value enhancement.

Bido, as a liquidity staking protocol on the BEVM network, draws on the successful experience of Lido on Ethereum. This collaboration is strategically complementary. Through Bido, users can easily stake their BTC and earn APY from Bido. This staking model ensures the liquidity of user assets, allowing them to be used in various DeFi applications for additional returns.

For Bitena, Bido not only provides a stable source of staking income but also brings appreciation opportunities for our STBTC token. Within the BEVM ecosystem, the combination of Bitena and Bido means that users can now more effectively manage and increase their asset value while promoting liquidity and stability in the entire BTC ecosystem.

Through this strategic collaboration, Bitena aims to build a solid foundation for the BTC ecosystem, paving the way for future development and expansion. Our goal is to enhance the staking efficiency and revenue potential of the entire BTC Layer2 network while maintaining asset security and liquidity.