Aptos and Sui’s Move ecology “number one” dispute has always been intense, with comprehensive wars in consensus algorithms, developer community construction, and business resources. In terms of the choice of ecological development direction, the two have taken completely different routes. Sui chose the realistic route, focusing on incubating DeFi and Meme projects, while Aptos chose the idealistic route and laid out the Bitcoin ecosystem.
Aptos’ Bitcoin ecosystem strategy is currently “walking on two legs”. One leg is to cooperate with the veteran Bitcoin Layer2 Stacks, quickly enter with its mature technology and user base; the other leg is to deeply cooperate with the newcomer B² Network and obtain the growth dividend of the new paradigm Bitcoin L2. And the protagonist we are focusing on today, Echo Protocol @EchoProtocol_, is an important chess piece in the big game between Aptos<>Bitcoin.
Echo Protocol has deep roots with B² Network. As an important member of the B² Network ecology, Echo has undertaken the important task of bringing BTC into the Aptos ecosystem. Interestingly, this small and beautiful project has attracted an unexpected investor, “Little Black Brother” Arthur Hayes.
Why is Arthur Hayes interested in Echo Protocol? The answer may lie in one of his bold predictions. Hayes believes that in the current market cycle, Aptos’ performance may surpass Solana and is expected to become the second largest Layer1 public chain after Ethereum in one to three years. And Echo Protocol is undoubtedly the perfect link between Aptos and Bitcoin, the two tracks he favors.
So, what makes Echo Protocol outstanding?
Firstly, Echo is not a simple BTC bridging tool, but a comprehensive protocol that integrates BTC bridging, liquidity staking, restaking, and yield optimization. This “one-stop” service model greatly reduces the user’s operational threshold and improves capital utilization.
What is even more remarkable is Echo’s “real yield” model. Different from the impractical “point incentives” on the market, Echo, through deep cooperation with Aptos, provides users with up to 10% actual annualized returns. These returns are distributed monthly in the form of APT tokens, based on the BTC dollar value calculated from user staking. This model not only creates a stable cash flow for BTC holders but also introduces a large number of high-quality assets into the Aptos ecosystem, achieving two goals with one move.
Echo’s ambition does not stop there. The project plans to build a multi-level reward ecosystem by introducing Bsquared and the upcoming Babylon points. Users can choose between different token rewards according to their preferences while enjoying the basic APT returns. This flexible reward mechanism will undoubtedly greatly stimulate the enthusiasm of user participation.
In terms of risk control, besides the conventional DeFi risks, there are almost no other risks for users staking BTC on Echo. This low-risk, high-return model inevitably reminds people of MakerDAO’s national debt yield project. Echo is bringing institutional-level stable income to ordinary users, which undoubtedly has great appeal in the current market environment.
For miners and large BTC holders, Echo is even more significant. Against the backdrop of the upcoming Bitcoin halving cycle, Echo provides them with a new option to generate stable income without selling BTC. This not only complements the ecosystem of projects such as BRC20 and Runes but also injects new vitality into the entire Bitcoin economy.
Echo’s market performance also confirms the feasibility of its model. Currently, Echo has attracted deposits of 2,000 BTC, which is undoubtedly an impressive achievement in the current market environment. These users are safely enjoying the real returns brought by their “digital gold” through Echo.
However, Echo’s ambition is clearly beyond that. The whitelist activity to be launched by the project will bring in more active users to the ecosystem. Participants can not only enjoy returns of up to 10% and 1.5 times Echo points but also have the opportunity to obtain special Discord roles. This community incentive mechanism will create a more active and loyal user group for Echo.
It is worth noting that the deposit limit for this round of activity is 500 BTC and will open at 2:00 UTC on October 28th, first come, first served. For users without BTC, Echo also provides a solution – they can exchange USDC, USDT, or APT for aBTC on the DEX platforms Aries and Cellana, and then participate in staking.
In this ever-changing crypto world, Echo undoubtedly represents a bold attempt and a gamble. It not only bets on the future of Aptos but also bets on the position of Bitcoin in the new generation public chain ecology. Let us wait and see what results Arthur Hayes’ gamble will ultimately bring.
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Arthur Hayes New Bet Can Echo become the crucial link connecting Aptos and Bitcoin
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