Analysis of Key Strategies for the Growth of the BTCFi Ecosystem

Recently, with the continuous development of the BTCFi ecosystem, the liquidity of Bitcoin assets across various chains has increasingly garnered attention. Multiple ecosystems and protocols are competing around BTC assets, forming different rise models. This article will analyze several typical cases and explore the successful strategies for the accumulation of BTCFi ecosystem assets.

1. Current Status of BTC Asset Flow on Chain

Currently, the BTC pegged asset market is primarily centralized, accounting for over 75%. However, recently the BTC liquid staking token (LST) has been growing rapidly, with a total of 25.6K BTC, becoming an emerging force. BTC LST is mainly used in the lending and points derivative market, bringing new growth opportunities to BTCFi.

2. Typical Case Analysis

2.1 Core: Focus on the dual drive of incremental assets and token incentives

Core is an L1 network based on BTC, providing users with stable returns through non-custodial staking and dual staking mechanisms. Its TVL has risen by 4757.9% in six months, reaching $591.5 million. The main strategies include:

• Absorb the rapid rise of BTC LST assets, especially in deep collaboration with Solv Protocol.
• Build native DeFi protocols like Colend and quickly integrate with projects like Pell Network.
• Support the incentive structure using the airdrop and market performance of the native token CORE.

2.2 Corn: The points derivative gameplay effectively attracts BTC LST liquidity

Corn is an emerging ETH L2 network that has quickly absorbed $425.8 million in TVL by launching BTC LST point derivative gameplay in cooperation with Pendle. The main strategies include:

• Launched a BTC LST points derivative pool in collaboration with Pendle,占据11.4% of the BTC LST market share.
• Provide the highest multiplier point incentives for the BTC LST pool to attract holders to participate.
• Launching the TVL Bootstrap Campaign to attract initial liquidity through point incentives.

2.3 BOB: Secure bridging and strong ecosystem help to gather assets

BOB is a hybrid L2 network that combines the advantages of BTC and ETH, with a current TVL of $65.7 million. The main strategies include:

• Provide one-click liquidity staking service to achieve a convenient entry for multi-protocol staking.
• Deeply integrated with multiple DeFi protocols to provide diverse application scenarios for BTC LST
• Launch the BOB Fusion Incentive Program, encouraging users to participate in the ecosystem through multi-dimensional interactions.

3. Summary

The successful BTCFi ecological asset sedimentation strategy mainly includes:

• Absorb large-scale incremental BTC-backed assets
• Build diverse DeFi applications to form combinable yield strategies
• Provide multiple incentives to enhance user engagement and asset retention

With the gradual release of BTC liquidity, the BTCFi ecosystem still has huge rise potential. Differentiated strategies across different networks will continue to drive innovation and development throughout the ecosystem.