Bitlayer YBTC.B Now Live on Avalanche via Folks Finance

Bitcoin-backed asset joins crosschain lending markets on Folks Finance.

19 August 2025 — Folks Finance, the leading crosschain lending protocol, and Bitlayer have announced the launch of YBTC.B on Avalanche. Backed 1:1 with Bitcoin, YBTC.B brings BTC liquidity directly into Avalanche’s DeFi markets.

This integration allows users to bring Bitcoin into Avalanche using Bitlayer’s bridge, deposit it on Folks Finance, and borrow any supported asset across chains, all while keeping exposure to BTC’s value.

What is YBTC.B?

YBTC.B is a Bitcoin-backed token that lets BTC holders use their assets across DeFi without selling or relying on centralized custodians.
With YBTC on Avalanche, users can:

• Trade it on leading Avalanche DEXs
• Supply it on Folks Finance and use it as collateral for crosschain borrowing
• Access new DeFi strategies while staying BTC-backed

Why It Matters

Bitcoin is the largest and most recognized crypto asset, yet much of it remains idle. YBTC.B changes that by making BTC usable across lending, trading, and liquidity markets.
For Avalanche users, it means direct access to Bitcoin in a fast, low-cost environment. For BTC holders, it means their assets can now work in DeFi while maintaining the same underlying value.

Get Started

• Bring BTC to Avalanche as YBTC.B through Bitlayer’s bridge
• Supply YBTC.B on Folks Finance
• Borrow assets across chains while holding BTC

Start here: xapp.folks.finance