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Bitlayer YBTC Family
Bitlayer’s YBTC family is the canonical bridge between the Bitcoin base layer and Bitlayer, a Bitcoin Layer-2 with EVM compatibility. YBTC and its variants represent locked BTC on Bitlayer and serve as the main BTC-pegged asset for DeFi activity on the chain.
The project sits among the broader Bitcoin-aligned L2 cohort that aims to combine BTC settlement with smart-contract programmability.