xBTC Lands on Aptos via OKX

Aptos (APT) has welcomed xBTC, courtesy of OKX, bridging fresh liquidity for Bitcoin (BTC) fans who want to dabble in a new environment. 

Think of xBTC like wBTC, but minted specifically on Aptos. It’s fully collateralized by BTC locked at OKX, with monthly Proof-of-Reserves audits showing they’re not playing any shady fractional game.

So if you’re bored with leaving BTC idle, you can deposit at OKX, mint xBTC, and hustle around Aptos’s DeFi ecosystem. Aries Markets, Echo Protocol, and Hyperion are already in the loop. Whether you want to lend, borrow, or do fancy yield strategies, you now have a convenient way to do so with your Bitcoin. 

Another perk? Minimal bridging friction: deposit on OKX, pick Aptos, and you’ll see your minted xBTC. If you ever want your actual BTC back, burn xBTC on Aptos, and OKX releases the original.

This move parallels what’s happening with aBTC or sBTC on Aptos, but xBTC is specifically pegged by OKX’s custody. 

They post monthly Merkle-based PoR to confirm they hold enough real BTC. If you prefer a single chain approach, hey, you can skip it. But for those chasing more advanced yields, xBTC might open new doors. 

Some DeFi partners also plan an OKX Learn & Earn campaign about xBTC. That means tasks or quizzes earn you goodies, presumably in BTC or stablecoins. If you’re already used to bridging, it’s straightforward. If you’re new, just note that bridging always has some steps. 

But the main highlight is “No shady third parties.” All minted xBTC is traceable on-chain, so you know there’s real BTC behind it.

All in all, it’s a cleaner and easier bridging solution, bringing one more chunk of liquidity to Aptos and letting Bitcoin hodlers try new DeFi flavors.

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