❓What is MTX Finance?
Liquid Restaking Primitive for Bitcoin DeFi on EVM
Mission
MTX Finance is unlocking native liquid restaking yields for Bitcoin through a new Liquid Restaking Token, mtBTC on Ethereum. MTX directly addresses the lagging DeFi market for BTC compared to Ethereum, which has ~18% of its total market capitalisation locked into DeFi applications. Extrapolated from this ratio, the market opportunity for BTC DeFi alone is ~$225 billion.
MTX will not only offer the most secure bridge between Bitcoin and the EVM ecosystem, but will also supply Liquid Staking Bitcoin to users. This provides native yield to BTC holders, but allows for the large yield-hungry EVM user base to gain exposure to BTC easily by earning yield in a safe and low-risk manner.
The proliferation of Bitcoin Layer 2’s show demand for BTC utility but multiple Layer 2’s will fragment liquidity, developer and user bases. MTX’s alternate approach to securely bridge BTC to Ethereum (via MTX’s AVS Bridge) will allow BTC holders to leverage the full suite of EVM apps and tap into the $60 Billion DeFi market.
MTX’s vision is to become the premier trust-minimized, yield-bearing BTC asset on Ethereum.
MTX Finance Overview
MTX is focused on three main pillars with aims to boost decentralization and exposure of BTC to a greater audience. These three pillars are:
Providing mtBTC on EVM networks that's liquid and earns native yield
The most secure and decentralized BTC <> Ethereum AVS Bridge
MTX token for protocol governance and growth
In these three pillars, the protocol and mtBTC will accrue native yield and revenue through Staking rewards via validating Proof of Stake (PoS) chains through Babylon and Symbiotic.
MTX will also offer automated yield strategy vaults to allow mtBTC holders to deposit and earn additional yield sourced across a variety of DeFi positions, including:
Transaction fees and token incentives through providing liquidity
Delta neutral funding arb yield strategies for BTC
BTC hashrate markets and cloud mining
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