Liquid staking is becoming a hot topic as you have seen nowadays, especially for Bitcoin and altcoins holders looking to earn more from their coins/tokens. Just some days ago, I saw Bitget brought us BGBTC product, some ppl were talking about it on Twitter.
Basically, you can stake your BTC and earn a 2% APR, which isn’t bad for just holding it. If you stake during the pre-launch until Jan 8, you get double BGPoints, which can be used to claim airdrops from different BTCFi projects. So not only are you earning interest, but you might get some free tokens too.
You can stake anywhere from 0.001 BTC to 10 BTC, which gives you flexibility depending on how much you’re working. Once 2x promotion is over, you’ll gain more flexibility with features like redeeming your BGBTC or using it for crypto loans and margin trading. Your assets are secured through dual custody with Bitget and Cobo.
I think this is a solid opportunity for anyone holding BTC and looking to earn passive income without selling. The returns are clear, and the extra BGPoints could lead to some interesting airdrops as the ecosystem grows.
What you think of this product with BTC? Is it good since market is bullish?
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