BadgerDAO partners with Lido to launch eBTC and will reward early users with 15 stETH

According to BlockBeats news, on March 26, BadgerDAO cooperated with the liquidity staking platform Lido to launch eBTC. eBTC is a synthetic Bitcoin derivative token supported by Ethereum. Lido’s Liquidity Observation Lab will provide early adopters with an additional reward of 15 stETH (worth approximately $55,000), to be distributed via airdrop at the end of the one-month incentive period. Users can deposit ETH in various forms to borrow over-collateralized eBTC without paying origination fees, repayment fees, or interest charges. The eBTC protocol will then deposit the ETF with Lido as stETH, allowing users to profit from the collateral without paying borrowing fees.