Botanix has officially launched its EVM-compatible Layer 2 (L2) solution, Botanix Network. This new offering makes an exciting, verifiably decentralized alternative available in the booming Bitcoin DeFi space. This comes in the wake of a successful $11.5 million raise last year, which Polychain Capital and Placeholder Capital joined, among others.
The platform has made the shift to fully independent, node-led governance and consensus. This transition further cements Botanix as the first and only proven decentralized Bitcoin Layer 2 network.
Botanix’s network features some of the industry’s largest node operators — including Galaxy, Fireblocks, and Alchemy. At launch, Botanix has 16 node operators, but aims to grow to over 100 by 2026.
One important element to the Botanix network is the stBTC token. Additionally it provides holders transparent and native yield solutions. Uniquely, 50% of all gas fees on Botanix go towards minting the stBTC token.
"I think one of the great things with Layer 2s developing on Bitcoin is that there is a real focus on yield, and not just yield, but the actual economic utility of Bitcoin. There is actual utility to what you will be able to do with Bitcoin." - Coinflipcanada
To celebrate the launch of mainnet, Botanix is introducing “Bitcoin 2100”. This new, interactive campaign is designed to make users comfortable with the platform. Participants in Bitcoin 2100 will be eligible to receive free Bitcoin! These prize pools are staggering available up to 0.5 BTC ~$54,000.
"Bitcoin DeFi is about to break-out in my opinion…we think the net new users of people who haven’t been in DeFi are Bitcoiners, and a lot of them will probably install Metamask for the first time." - Willem Schroé
Boitanix is building a new trustless and decentralized architecture for next gen Bitcoin-based financial applications. They are capturing the growing interest in DeFi-like solutions from the Bitcoin community.
