BadgerDAO partners with Lido to launch synthetic Bitcoin token eBTC

PANews reported on March 26 that according to The Block, the decentralized autonomous organization BadgerDAO cooperated with the liquidity staking platform Lido to launch eBTC, a synthetic Bitcoin token backed by stETH. The token allows users to borrow synthetic Bitcoin and get paid without upfront fees or interest. eBTC was launched to provide a more capital-efficient way to borrow Bitcoin. Additionally, Lido’s Liquidity Observation Lab will provide early adopters with an additional bonus of 15 stETH worth $55,000, distributed via airdrop at the end of the one-month incentive period.