Botanix announces stBTC

According to Coinjie.com, Botanix announced the launch of stBTC, allowing users to pledge BTC and obtain native returns denominated by Bitcoin. stBTC does not rely on inflation or mining subsidies, but distributes the BTC handling fee (50%) generated by the Botanix network directly to the stakeholder. The annualized yield is expected to start at up to 30%, and the Genesis Vault will open on September 25. stBTC can be used in DeFi scenarios such as lending and trading, and supports instant redemption.