Overview

Allo introduces its own solution for Bitcoin holders through the creation of a Liquid Staking Token (LST) known as AlloBTC. When users deposit BTC into the Allo platform, they receive AlloBTC, which represents their staked Bitcoin. This token allows Bitcoin holders to earn yield while retaining liquidity, providing several advantages over traditional staking methods.

Key Features of AlloBTC Liquid Staking:

• Earn Yield and Maintain Liquidity: Users retain full liquidity over their staked BTC through AlloBTC while earning staking rewards.

• DeFi Composability: AlloBTC can be integrated into a wide range of DeFi applications, enabling holders to use their staked Bitcoin for lending, borrowing, or trading while still accruing rewards.

• Enhanced Yield via Babylon: By integrating AlloBTC with Babylon’s staking system, users can boost their earnings with Babylon staking rewards.

• Reduced Risk of Asset Lockup: AlloBTC tokens remove the risk of long-term asset lockup often associated with traditional staking models, offering flexibility to users who wish to manage their liquidity.