diff --git a/src/pages/news/2024-09-09-mint-tbtc-directly-on-arbitrum.md b/src/pages/news/2024-09-09-mint-tbtc-directly-on-arbitrum.md new file mode 100644 index 00000000..0d9ed89a --- /dev/null +++ b/src/pages/news/2024-09-09-mint-tbtc-directly-on-arbitrum.md @@ -0,0 +1,40 @@ +--- +template: news-item +title: "Mint tBTC Directly On Arbitrum" +description: >- + "Announcing the launch of the native Arbitrum minting portal. Bring your tBTC to Arbitrum's low-cost DeFi ecosystem without an Ethereum L1 transaction." + +date: 2024-09-09T11:09:46.661Z +tags: + - featured + - tBTC + - Bitcoin + - Ethereum + - DeFi + - Layer 2 +--- +Starting today, you can [mint tBTC on Arbitrum directly](https://arbitrum.threshold.network/home) with the new native minting portal. + +This launch from Threshold DAO gives tBTC users seamless access to the leading Ethereum L2. Now, Bitcoin holders can access Arbitrum's $2.5B DeFi ecosystem to earn yield, borrow against their BTC, or trade perps. + +![](static/img/native minting dashboard.png "Arbitrum Native Minting Portal") + +The minting portal should also improve the trading experience by bringing improved liquidity to the Arbitrum ecosystem for tBTC users. + +The launch includes a tBTC Native Minting Dapp built for Arbitrum users, a powerful off-chain relayer, a tBTC SDK extension for Arbitrum ecosystem builders, and a long-term tBTC on Arbitrum rewards program. More info can be found at the [Threshold Blog](https://blog.threshold.network/), and you can check out the [tBTC SDK documentation](https://docs.threshold.network/app-development/tbtc-v2/tbtc-sdk) for more information on how to start building. + +tBTC offers users a trust-minimized way to bring their Bitcoin holdings into the EVM and Solana ecosystems, effectively giving their Bitcoin wheels and making it a productive asset. + +The total count of tBTC holders has jumped significantly in recent months, signaling that the market is further embracing decentralized alternatives in the tokenized Bitcoin market. + +![](static/img/dune dashboard.png "tBTC Holders & Supply") + +Outstanding supply currently stands at [~3,400 tBTC](https://dune.com/threshold/tbtc), with a majority on Ethereum L1. Now, users can enjoy all the same benefits that tBTC offers directly on Arbitrum. + +The Threshold DAO also put together some incentive buckets thanks to the Arbitrum grants program: + +- 200k ARB for ongoing liquidity pool incentives +- 20k ARB for tBTC lending protocol incentives +- 50k ARB for long-term tBTC on Arbitrum holders + +Check out more info from [Threshold](https://threshold.network/) and start minting your tBTC on Arbitrum today.