Avalanche says BTC bridging is at present solely accessible by way of its Core Browser Extension.
Avalanche has added help for native Bitcoin (BTC) on the platform, which is able to occur by way of the Avalanche Bridge, in response to a press launch revealed on Wednesday.
The answer permits customers to make the most of their Bitcoin within the DeFi sector by instantly transferring BTC to Avalanche, with customers in a position to faucet into incomes and yield alternatives.
Clients will nonetheless be capable to maintain Bitcoin on their portfolio, the crew on the Layer 1 blockchain stated within the announcement.
Over $500 billion in worth to Avalanche DeFi
Avalanche, which is suitable with the Ethereum Digital Machine (EVM), launched the Bridge performance in August 2021. Over $50 billion in worth transfers have occurred within the blockchain’s DeFi ecosystem by the bridge since.
This can probably go up massively if the characteristic sees important uptake throughout the Bitcoin neighborhood. In response to Avalanche, the BTC help targets unlocking over $500 billion of worth at present on the Bitcoin community and bringing it to the Avalanche DeFi ecosystem.
— Avalanche 🔺 (@avalancheavax) June 22, 2022
Ava Labs releases Core browser extension
Avalanche’s launch of the BTC Bridge got here on the identical time that Ava Labs introduced the launch of its Core Browser Extension. The non-custodial extension, accessible free of charge to customers, is designed to assist clients discover Web3 alternatives on Avalanche.
Customers in search of to make use of their BTC within the DeFi ecosystem by way of the brand new bridge might want to obtain the Core Browser Extension. Avalanche doesn’t help BTC bridging by way of Metamask or different wallets, the crew stated.
There are plans to additionally add support for Ethereum (ERC-20) tokens by the browser extension.