The post OKX Launches 1:1 Bitcoin-Backed xBTC on Solana With $250K+ Rewards From Kamino Finance and Orca appeared on BitcoinEthereumNews.com.

OKX has launched xBTC, a Bitcoin-backed asset, on the Solana blockchain, providing native Bitcoin liquidity to Solana’s decentralized finance (DeFi) ecosystem OKX has launched xBTC, a Bitcoin-backed asset, on the Solana blockchain, providing native Bitcoin liquidity to Solana’s decentralized finance (DeFi) ecosystem. The asset is pegged 1:1 to Bitcoin, with custody maintained by OKX. To support liquidity, Kamino Finance and Orca have committed over $250,000 in rewards across xBTC pools, including $100,000 in USDG incentives on the Orca platform and an additional $150,000 in other rewards. This launch aims to combine Bitcoin’s value with Solana’s high-speed infrastructure, enhancing DeFi opportunities on Solana. Industry figures have emphasized Solana’s role as the infrastructure supporting Bitcoin as the asset in this development. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/defi/okx-launches-1-1-bitcoin-backed-xbtc-on-solana-250k-rewards-kamino-finance-orca-c924aeb9

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Filed under: News - @ June 21, 2025 12:25 pm