Hassan Maishera
On Monday, the LayerZero team announced via X that ether.fi, the fourth-largest dApp by TVL, has introduced eBTC, a $650M Bitcoin-backed liquid restaking token that uses LayerZero's OFT Standard.
As an OFT, eBTC can be seamlessly bridged across Arbitrum, Corn, and Base networks. Like weETH, its $7B LRT, eBTC can be natively minted on L2s, reducing gas costs for users.
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $.655, up 5.5% in the last 24 hours.
