Atomiq is set to introduce wBTC on Starknet, which opens doors to Bitcoin decentralized finance.

Cross-chain conversion solution, Atomiq We're excited to announce the addition of support for wrapped Bitcoin (wBTC) on Starknet , an Ethereum layer-2 scaling solution, which makes Bitcoin decentralized finance (DeFi) accessible.

Atomiq enables users to exchange native Bitcoin for wrapped Bitcoin efficiently, with no slippage and low counterparty risk. This innovative feature utilizes an on-chain escrow system that leverages Bitcoin’s proof-of-work model. During a standard transaction, tokens are momentarily secured in a smart contract vault on Starknet while a Bitcoin light client contract keeps an eye on and verifies the corresponding Bitcoin transaction by reviewing block headers. Once the Bitcoin transaction receives on-chain confirmation, the equivalent wBTC amount is promptly released, ensuring a secure atomic swap between the two chains.

By integrating with the Braavos wallet, Atomiq streamlines the process for Bitcoin holders to easily convert their BTC into wBTC on Starknet, significantly reducing complexity and potential risks. The entire conversion process is designed to be user-friendly and seamless, allowing Bitcoin to interact effortlessly with DeFi protocols on Starknet, much like a straightforward in-person contract.

Atomiq is revolutionizing cross-chain conversions by directly utilizing Bitcoin’s proof-of-work security, which means it doesn’t depend on outside validators for security, unlike many other cross-chain systems. Projects built on Starknet can receive backing from the Starknet Foundation, with those projects offering incentives to their users.

By using Atomiq, users enjoy significant benefits, including fixed pricing that shields them from market fluctuations via binding quotes, diminished reliance on third parties thanks to smart contract vaults and on-chain validations, as well as a trustless environment that eliminates the need for intermediary oversight. Combined, these features position Atomiq as a groundbreaking solution for bridging Bitcoin with Ethereum Layer 2 DeFi applications.

Braavos has integrated Atomiq to provide robust Bitcoin support on Starknet, offering one-click yield opportunities and trustless BTC swaps.

With this integration, Braavos becomes the first wallet on Starknet to support Atomiq, providing native Bitcoin functionality and creating an effective way for users to earn yield on their Bitcoin holdings. This partnership allows for direct access to Bitcoin features within the Starknet ecosystem using a user-friendly interface that is now fully operational.

Users can conduct trustless swaps via Braavos, turning their native BTC into wBTC for use in Starknet DeFi apps. The wallet maintains self-custody, which means users have complete control over their assets and can manage, send, and receive BTC from the same platform.

Braavos isn't just about managing assets; it also offers features like one-click staking, making it easy for users to participate in yield-generating activities without the hassle of juggling multiple platforms or complex protocols. To enhance accessibility, StarkWare has collaborated with Braavos and Atomiq Labs to eliminate bridge fees—apart from standard network transaction fees—when transferring Bitcoin onto Starknet.

This integration focuses on user experience, delivering a single interface that encompasses all essential functions from swaps and custody to staking. Braavos strives to simplify interactions with Bitcoin on Starknet as simple and efficient as possible.