{"id":"abtc","title":"aBTC","content":"**aBTC** is a cross-chain, liquid [Bitcoin](https://iq.wiki/wiki/bitcoin) token developed by [Echo Protocol](https://iq.wiki/wiki/echo-protocol). It is designed to be backed 1:1 by BTC assets and aims to facilitate [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) interoperability for Bitcoin within the Move ecosystem, particularly on the [Aptos](https://iq.wiki/wiki/aptos) [blockchain](https://iq.wiki/wiki/blockchain). aBTC is minted natively within the Move environment. [\\[1\\]](#cite-id-UzwzhvgYmT) [\\[2\\]](#cite-id-JRwO27eqHS)\n\n## Overview\n\n[Echo Protocol](https://iq.wiki/wiki/echo-protocol) is a multifaceted protocol focused on bridging, [liquid staking](https://iq.wiki/wiki/liquid-staking), restaking, and yield solutions. It operates within the Move ecosystem, with a primary goal of bringing [Bitcoin](https://iq.wiki/wiki/bitcoin) liquidity and restaking capabilities to this environment. aBTC serves as a key component of this strategy, representing Bitcoin assets bridged onto the [Aptos](https://iq.wiki/wiki/aptos) network. The protocol allows users to earn rewards through various mechanisms involving aBTC and other assets like APT. [Echo Protocol](https://iq.wiki/wiki/echo-protocol) is recognized within the Aptos ecosystem and has been featured on platforms like [Binance](https://iq.wiki/wiki/binance) Alpha. [\\[3\\]](#cite-id-0wI9j6j8qD) [\\[4\\]](#cite-id-hdHiEvCqUh) [\\[2\\]](#cite-id-JRwO27eqHS)\n\n## Technology\n\naBTC functions as a cross-chain token, backed on a 1:1 basis by underlying [Bitcoin](https://iq.wiki/wiki/bitcoin) assets. It is designed to be natively minted and utilized within the Move ecosystem, specifically on the [Aptos](https://iq.wiki/wiki/aptos) [blockchain](https://iq.wiki/wiki/blockchain). This native integration allows aBTC to interact seamlessly with various DeFi protocols built on Move. The underlying mechanism involves bridging [Bitcoin](https://iq.wiki/wiki/bitcoin) or Bitcoin [Liquid Staking](https://iq.wiki/wiki/liquid-staking) Token (LST) assets to the [Echo Protocol](https://iq.wiki/wiki/echo-protocol), which then issues aBTC on the [Aptos](https://iq.wiki/wiki/aptos) network. [\\[1\\]](#cite-id-UzwzhvgYmT) [\\[3\\]](#cite-id-0wI9j6j8qD)\n\nThe contract address for aBTC on the [Aptos](https://iq.wiki/wiki/aptos) network is 0x4e1854f6d332c9525e258fb6e66f84b6af8aba687bbcb832a24768c4e175feec::abtc::ABTC. [\\[5\\]](#cite-id-JEEvo5yIaD) [\\[2\\]](#cite-id-JRwO27eqHS)\n\n## Unique Features\n\naBTC is characterized by several unique features within the Move ecosystem:\n\n* **Native Yield and Rewards:** Holders of aBTC can earn multiple layers of yield and rewards. This includes native yield from the [Aptos](https://iq.wiki/wiki/aptos) network, potential rewards from [Bitcoin](https://iq.wiki/wiki/bitcoin) [Layer 2](https://iq.wiki/wiki/layer-2) solutions, and Echo Points provided by the [Echo Protocol](https://iq.wiki/wiki/echo-protocol).\n* **First Native Liquid Restaking Token on Aptos:** Echo Protocol positions aBTC as the first native liquid restaking token on the [Aptos](https://iq.wiki/wiki/aptos) [blockchain](https://iq.wiki/wiki/blockchain). This involves collaborating with Bitcoin [Layer 2](https://iq.wiki/wiki/layer-2) solutions to bridge [Bitcoin](https://iq.wiki/wiki/bitcoin) liquid restaking assets to Echo, where aBTC is minted.\n* **Liquidity and DeFi Compatibility:** As a token backed 1:1 by BTC, aBTC is designed to be liquid and compatible with various [DeFi](https://iq.wiki/wiki/defi) applications. It can be used as collateral in lending and borrowing protocols, traded on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) (DEXs), and integrated into other DeFi strategies. [\\[1\\]](#cite-id-UzwzhvgYmT)\n\n## Use Cases and Benefits\n\nThe primary use case for aBTC is to enable [Bitcoin](https://iq.wiki/wiki/bitcoin) holders to participate in the DeFi ecosystem on [Aptos](https://iq.wiki/wiki/aptos) while retaining the liquid value of their BTC. By bridging BTC assets to [Echo Protocol](https://iq.wiki/wiki/echo-protocol) and receiving aBTC, users can access various yield-generating opportunities.\n\nSpecific ways users can utilize aBTC and the [Echo Protocol](https://iq.wiki/wiki/echo-protocol) include:\n\n* **Bridging and Earning Points:** Users can bridge their BTC assets to the [Echo Protocol](https://iq.wiki/wiki/echo-protocol) to earn Echo Points, which are awarded based on the amount of [BTC](https://iq.wiki/wiki/bitcoin-btc) bridged.\n* **Yield Farming and Lending:** Depositing aBTC on platforms like Echo Lend can provide users with boosted APT yield, potentially up to 10%. aBTC can also be used as [collateral](https://iq.wiki/wiki/collateral) for borrowing or deployed in yield trading strategies and automated yield-generating vaults.\n* **Staking Rewards:** Users can stake APT earned on the [Echo Protocol](https://iq.wiki/wiki/echo-protocol) to receive additional Echo Points and earn [staking](https://iq.wiki/wiki/staking) rewards, potentially up to 7%.\n\nThese mechanisms allow aBTC holders to passively accrue multiple layers of yields from sources including [Aptos](https://iq.wiki/wiki/aptos), [Bitcoin](https://iq.wiki/wiki/bitcoin) [Layer 2](https://iq.wiki/wiki/layer-2) solutions, Echo Points, and incentives from other destination chains and protocols. [\\[1\\]](#cite-id-UzwzhvgYmT) [\\[2\\]](#cite-id-JRwO27eqHS)","summary":"aBTC is a cross-chain, liquid Bitcoin token developed by Echo Protocol, operating on the Aptos blockchain.","images":[{"id":"QmbGGer1GKVLb2BUQ9DmCErYu4Kb71TuDCHMsQGJptDFny","type":"image/jpeg, image/png"}],"categories":[{"id":"defi","title":"defi"}],"tags":[{"id":"Protocols"},{"id":"Blockchains"}],"media":[{"id":"Qmcie4xpjbLhtYXxnkd5xXerAtGTGB2ZY2u8mCoh9yPNbW","name":"oj1pkVgf_400x400.png","caption":"","thumbnail":"Qmcie4xpjbLhtYXxnkd5xXerAtGTGB2ZY2u8mCoh9yPNbW","source":"IPFS_IMG"},{"id":"QmQcnZXwEZcuNqi5jMkKbsPZ1t1ix3h5Hhzsez7a7dAwcB","name":"9cd979fcba2c6c052dd8c1de12fe45cdefcee8d72e491c5839487ba69ce01c9a.png","caption":"","thumbnail":"QmQcnZXwEZcuNqi5jMkKbsPZ1t1ix3h5Hhzsez7a7dAwcB","source":"IPFS_IMG"},{"id":"QmaZjzgkCz7Ttjop3uyBVfXmiPmR7EGZ59rmVfBXD39CFs","name":"Cópia de Design sem nome.png","caption":"","thumbnail":"QmaZjzgkCz7Ttjop3uyBVfXmiPmR7EGZ59rmVfBXD39CFs","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"UzwzhvgYmT\",\n    \"url\": \"https://echo-protocol.gitbook.io/echo-protocol/echo-liquid-restaking-tokens/introduction-to-abtc\",\n    \"description\": \"Introduction to aBTC\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"JRwO27eqHS\",\n    \"url\": \"https://www.coinbase.com/en-br/price/abtc\",\n    \"description\": \"aBTC Price on Coinbase\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"0wI9j6j8qD\",\n    \"url\": \"https://aptosfoundation.org/ecosystem/project/echo-protocol\",\n    \"description\": \"Echo Protocol on Aptos Foundation\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"hdHiEvCqUh\",\n    \"url\": \"https://x.com/EchoProtocol\\\\_\",\n    \"description\": \"Echo Protocol on X\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"JEEvo5yIaD\",\n    \"url\": \"https://www.coingecko.com/en/coins/abtc\",\n    \"description\": \"aBTC Price on CoinGecko\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"cCOdWU2r87\",\n    \"url\": \"https://www.coingecko.com/en/exchanges/cellana-finance\",\n    \"description\": \"Cellana Finance on CoinGecko\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"P2lEGbKsYL\",\n    \"url\": \"https://echo-protocol.gitbook.io/echo-protocol\",\n    \"description\": \"Echo Protocol Documentation\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"GT8oJw78Nm\",\n    \"url\": \"https://www.echo-protocol.xyz/\",\n    \"description\": \"Echo Protocol Website\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"mNbcafR287\",\n    \"url\": \"https://t.me/+A-4noJ54900xNmI9\",\n    \"description\": \"Echo Protocol Telegram\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"XtedksiRVE\",\n    \"url\": \"https://discord.gg/echoprotocol\",\n    \"description\": \"Echo Protocol Discord\",\n    \"timestamp\": 1751853705303\n  },\n  {\n    \"id\": \"vM0UD8zeur\",\n    \"url\": \"https://github.com/echo-proto\",\n    \"description\": \"Echo Protocol GitHub\",\n    \"timestamp\": 1751853705303\n  }\n]"},{"id":"website","value":"https://www.echo-protocol.xyz/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/abtc"},{"id":"medium_profile","value":"https://medium.com/@Echoprotocol"},{"id":"contract_url","value":"https://aptscan.ai/coins/0x4e1854f6d332c9525e258fb6e66f84b6af8aba687bbcb832a24768c4e175feec::abtc::ABTC"},{"id":"discord_profile","value":"https://discord.gg/echoprotocol"},{"id":"telegram_profile","value":"https://t.me/+A-4noJ54900xNmI9"},{"id":"twitter_profile","value":"https://twitter.com/EchoProtocol_"},{"id":"github_profile","value":"https://github.com/echo-proto"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmaqMDGYHTzenF7bkYtBEdqdeqCCDem6Y3amEPjDWynjye\""},{"id":"commit-message","value":"\"Based on the empty changes provided, a specific message cannot be generated.\\n\\nHere is a generic placeholder message suitable for minor, unspecified changes:\\n\\nGeneral wiki article improvements.\""},{"id":"previous_cid","value":"QmaqMDGYHTzenF7bkYtBEdqdeqCCDem6Y3amEPjDWynjye"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["aptos"],"founders":["echo-protocol"],"speakers":[]}}