Bitget has announced a broad upgrade to BGBTC, adding daily BTC-denominated yield, fast large-amount redemptions, and institutional-grade risk management. The update also introduces an independent curator structure, with DeFi risk management firm Gauntlet overseeing underlying yield strategies and handling risk supervision. Bitget said the added review layer sits alongside custody arrangements and is designed to strengthen portfolio monitoring, risk controls, and the long-term sustainability of returns. BGBTC now supports yield strategy deployment on the Morph blockchain, expanding its multichain yield routes and potential use cases. On the infrastructure side, Bitget is using Chainlink Cross-Chain Interoperability Protocol, or CCIP, as BGBTC’s official cross-chain solution, while continuing to rely on Chainlink Proof of Reserve to provide real-time transparency and verifiable reserve backing for its 1:1 Bitcoin peg. Even after the upgrade, BGBTC can still be used for futures margin, loan collateral, and participation in Launchpool and PoolX, allowing holders to pursue yield while keeping capital more flexible.
Bitget said it has rolled out a comprehensive upgrade for BGBTC, adding daily BTC-denominated yield, fast redemption for large amounts, and institutional-grade risk management.
The upgrade also brings in an independent curator mechanism. Under that structure, DeFi risk management firm Gauntlet will supervise the underlying yield strategies and take charge of risk management. Bitget said the extra layer of strategy review sits beyond asset custody and is intended to strengthen portfolio monitoring, risk controls, and the long-term sustainability of returns.
BGBTC now supports yield strategy deployment on the Morph blockchain, expanding multichain yield channels and potential application scenarios.
On the infrastructure side, Bitget is using Chainlink CCIP as BGBTC’s official cross-chain solution. It is also continuing to use Chainlink Proof of Reserve to provide real-time transparency and verifiable reserve backing for BGBTC’s 1:1 peg to Bitcoin.
After the upgrade, BGBTC can still be used for futures margin, lending collateral, and participation in Launchpool and PoolX while generating yield, allowing users to retain asset liquidity and improve capital efficiency.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
