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By Omkar Godbole, AI Boost|Edited by Parikshit Mishra
Aug 19, 2025, 9:00 a.m.
- Bitlayer has partnered with Kamino Finance and Orca to integrate its bitcoin-backed token, YBTC, into the Solana ecosystem.
- YBTC, pegged 1:1 with BTC, facilitates trust-minimized bitcoin transfers and offers yield opportunities for bitcoin holders.
- Solana users can maximize yields through Kamino’s earn vaults and enjoy seamless trading with Orca’s liquidity market maker.
Bitlayer, a bitcoin
DeFi infrastructure project, has partnered with Kamino Finance and Orca to bring its bitcoin-backed token, YBTC, to the Solana ecosystem.
This integration is intended to combine Bitlayer’s security with Solana’s speed and scalability, aligning with Bitlayer’s goal of expanding the Bitcoin DeFi sector. It will provide bitcoin holders with native BTC exposure and yield opportunities, said Charlie Hu, co-founder of Bitlayer.
STORY CONTINUES BELOW
“By combining Bitlayer’s security roots with Solana’s performance frontier through YBTC, we’re delivering what BTC holders demand: native Bitcoin exposure with yield opportunities. Kamino and Orca provide the essential liquidity rails to make this vision operational at scale,” Hu said in a press release shared with CoinDesk.
YBTC, pegged 1:1 with BTC, is central to Bitlayer’s BitVM bridge, which is designed for trust-minimized bitcoin transfers by eliminating centralized intermediaries. The token serves as a direct representation of users’ locked BTC within the Bitlayer ecosystem, enabling seamless interoperability between Bitcoin and decentralized finance applications.
By holding YBTC, Solana users can maximize yields through Kamino’s institutional-grade earn vaults, which provide auto-compounding and optimized BTC-denominated returns, helping assets grow effortlessly.
They also enjoy seamless trading with Orca’s Concentrated Liquidity Market Maker (CLMM), which offers zero-slippage swaps between YBTC.B and other mainstream assets, providing smooth access to Solana’s DeFi ecosystem.
Last but not least, users maintain complete asset freedom, with the ability to redeem native BTC at any time via efficient, frictionless cross-chain operations.
Bitlayer’s BitVM Bridge has already established partnerships with other networks, including Sui, Base, and Cardano, to advance its ecosystem collaboration. To promote early adoption, a limited-time incentive program for the mainnet beta is now underway, rewarding participants with Bitlayer’s native token, BTR, for minting YBTC and utilizing its cross-chain features.
Kamino Finance is a Solana-based DeFi protocol, offering automated and optimized concentrated liquidity management for DEX market makers. Orca is a decentralized exchange built on Solana network.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk’s Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental analyst at currency and commodities desks for Mumbai-based brokerages and FXStreet. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
Omkar holds a Master’s degree in Finance and a Chartered Market Technician (CMT) designation.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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What to know:
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