Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has launched Bitcoin rewards at 30% APY. Rewards, which accumulate in real-time without lockups or custodial risk, are paid in tBTC, Threshold Network’s breakthrough Bitcoin bridge that brings the power of decentralized finance to Bitcoin, enabling faster transactions, flexible trading, lending, and more.
“We are proud to provide our community with the ability to accumulate and use Bitcoin in a whole new way,” said Bitcoin.com CEO Corbin Fraser. “While main-net Bitcoin is great for savings, Bitcoin on Ethereum in the form of tBTC unlocks new levels of utility. You can borrow, lend, mint stablecoins, earn rewards for providing liquidity, and much more—all without needing to trust centralized intermediaries.”
Anyone in the world can start earning Bitcoin rewards now on Bitcoin.com’s decentralized exchange Verse DEX, or via the Bitcoin.com Wallet app, where over 50 million self-custody wallets have so far been created. Rewards are automatically distributed to depositors of Bitcoin.com’s VERSE token in the audited VERSE staking contract on Ethereum. At the time of writing, tBTC yield for staking VERSE was 30.65% though the rate is variable. The most up-to-date yield can be tracked Bitcoin.com’s decentralized exchange Verse DEX here. Step-by-step instructions for how to earn Bitcoin on Bitcoin.com can be found here.
Unlocking Bitcoin’s Value with tBTC
tBTC is a decentralized wrapped Bitcoin, backed 1:1 by Bitcoin on the main-net, and operates on Ethereum. Unlike centralized solutions such as WBTC, which rely on intermediaries, tBTC uses a group of node operators on the Threshold Network to secure Bitcoin through threshold cryptography. This system prevents any single operator from seizing control of deposits, ensuring maximum security and decentralization. Because tBTC lives on Ethereum, users benefit from faster transaction speeds and potentially lower fees compared to Bitcoin on its native network. Additionally, tBTC can be leveraged in the DeFi ecosystem, enabling yield opportunities through lending, liquidity provision, and more.
“We are excited to support Bitcoin.com in its mission to democratize finance and educate people about the potential of Bitcoin beyond its original main-net,” said Threshold Network contributor Matt Luongo. “Threshold Network’s tBTC is a key part of unlocking this potential, and we look forward to empowering more users to take advantage of the broader possibilities that decentralized finance offers.”
Bitcoin.com’s VERSE Token: Onboarding The World to DeFi
VERSE is the rewards token for the Bitcoin.com ecosystem. Built to onboard people into decentralized finance, VERSE, which is available on Ethereum and Polygon, aims to guide individuals as they explore the next evolution of financial technology—one that is open, permissionless, and decentralized. Anyone can get started earning VERSE in Bitcoin.com’s Rewards Center by completing simple tasks like buying and trading Bitcoin and crypto.
About Threshold Network
Threshold Network is the product of a merger between NuCypher and Keep Networks, forming a fully decentralized network powered by threshold cryptography. Threshold connects Bitcoin to DeFi with tBTC, enables permissionless borrowing against BTC and ETH with thUSD, and provides developers with sophisticated access control mechanisms with TACo (Threshold Access Control). Threshold protects data by distributing operations across a network of independent nodes. T Token holders can help power a one-stop platform for threshold cryptographic services by staking and running a decentralized node, and are incentivized to provide these services without any central authority.