💿Echo Protocol

What is Echo?

Echo’s BTC infrastructure unifies BTC assets, empowering Bitcoin holders with liquidity, staking, and yield opportunities through our BTCFi products.

How to receive rewards on Echo?

Users can earn rewards on the Echo platform through the following methods:

1) Deposit BTC assets on any one of our Echo's Vault (Aptos, Movement, Morph, Hemi)

2) Stake your newly minted Echo's unified BTC on Echo's Strategy, Echo Lending, eMSTR for additional yield + rewards.

What type of rewards and incentives are available on Echo?

• Earn up to 7% APY by participating on Echo's Strategy

• Earn Bitcoin L2/LST points when depositing Bitcoin assets on Echo's Vault

• Supply/borrow on Echo Lend and staking rewards on Echo LST

• Incentives when interacting Echo's unified BTC on destination chains and protocols

Where can I see Echo reward information?

Users can view the points they have received by clicking on "Dashboard" at https://lending.echo-protocol.xyz/dashboard

Is bridging BTC assets to Echo safe?

Echo bypass trusted issues by restaking the staked BTC (Hash-Timelock in Bitcoin Layer-1 is highly reliable) instead of directly bridging BTC. We also build a decentralized, community-based Echo relayer to bridge BTC LST to Aptos to maintain security and integrity throughout the briding process. This relies on validators and submitters who will be responsible for monitoring and verifying deposit withdrawal events on the blockchain. If any validator acts maliciously, submitters can report and initiate process to block these validators.