TechFlow reports that on November 22, restaking protocol Swell Network announced the launch of its earnBTC product, enabling users to deposit various Ethereum-based wrapped Bitcoin assets to earn DeFi yields and BTCFi points.
The product currently supports assets including Swell BTC (swBTC), Wrapped BTC (WBTC), Coinbase Wrapped BTC (cbBTC), and Fire Bitcoin (FBTC), with plans to soon support Binance Bitcoin (BTCB). Users depositing assets can simultaneously earn triple Nucleus Points, triple Black Pearls, and other points rewards.
Notably, earnBTC is built on the Nucleus protocol and has been audited by three firms: MacroSecurity, SpearbitDAO, and Pashov Audit Group. The product charges an annual management fee between 1% and 1.5%, and withdrawals require a 7-day cooling-off period.
