In the fast-paced world of blockchain and decentralized finance (DeFi), strategic collaborations are essential to driving innovation. Today, we are excited to announce a groundbreaking partnership between Portal to Bitcoin and Yona Network, aimed at enhancing Bitcoin’s role within the DeFi ecosystem. By combining Bitcoin’s deep liquidity with Solana’s high-performance technology, this partnership is set to push the boundaries of what is possible in cross-chain decentralized finance.
Transforming Bitcoin’s Role in DeFi
Bitcoin has long been the bedrock of blockchain security and a trusted store of value. However, its limitations in scalability and interoperability have hindered its ability to fully participate in the dynamic and fast-evolving world of DeFi. Recognizing these challenges, Yona Network and Portal to Bitcoin are joining forces to bridge this gap. Together, we will offer users the combined strengths of Bitcoin and Solana, enabling secure, trustless, and high-speed transactions across multiple blockchains.
The First BTC Layer 2 on Solana Virtual Machine (SVM)
Yona Network is the first-ever implementation of a Bitcoin Layer 2 protocol built on the Solana Virtual Machine (SVM). This positions Yona as a leader in enhancing Bitcoin’s scalability and functionality for DeFi applications. By leveraging Solana’s impressive throughput of over 10,000 transactions per second, Yona is able to introduce advanced DeFi applications such as money markets and on-chain order books that have traditionally been inaccessible to Bitcoin users.
Expanding Cross-Chain DeFi with Ethereum Compatibility
In addition to its integration with Solana, Yona Network brings Ethereum Virtual Machine (EVM) compatibility through the Neon Stack. This integration enables Ethereum developers to access Bitcoin’s liquidity, unlocking new possibilities for decentralized applications (dApps) and asset utilization, including Ordinals and BRC-20 tokens. As a result, Bitcoin becomes more versatile and interconnected with the broader DeFi landscape.
Anatoly Yakovenko Joins Yona Network as an Angel Investor
A significant milestone for Yona Network is the recent announcement that Anatoly Yakovenko, co-founder of Solana, has joined Yona as an angel investor. His involvement underscores the immense potential for Bitcoin’s future in the DeFi space and validates Yona Network’s mission. This collaboration reflects a shared vision of pushing boundaries and pioneering new solutions in blockchain technology.
Key Integration Points Between Yona Network and Portal to Bitcoin
The partnership between Yona Network and Portal to Bitcoin is rooted in deep technical integrations that aim to expand cross-chain functionality and provide users with enhanced liquidity and control over their digital assets.
1. Integration of $YONA Token into Portal DEX
One of the key pillars of this collaboration is the integration of Yona Network’s native token, $YONA, into Portal’s decentralized exchange (DEX). This integration will allow users to trade $YONA alongside Bitcoin and other digital assets through Portal’s atomic swap technology. By utilizing Portal’s non-custodial, trustless trading functionality, users will be able to securely trade assets without relying on centralized intermediaries.
Key Benefits for Users:
– Enhanced Liquidity: Access Bitcoin’s vast liquidity pool while trading $YONA, opening new investment opportunities and deepening market participation.
– Secure, Trustless Trading: Portal’s atomic swaps ensure full control over assets during transactions, eliminating the risks associated with centralized exchanges.
– Seamless Cross-Chain Interaction: Effortlessly engage with DeFi applications across multiple blockchains, creating a more comprehensive DeFi experience.
2. Integration of Portal Swaps SDK into Yona Network’s Infrastructure
Yona Network will embed Portal’s Swaps SDK into its core infrastructure, enabling seamless cross-chain atomic swaps between Bitcoin, Solana, and Ethereum. This integration will enhance Yona’s interoperability, allowing users to move assets securely and efficiently across different blockchains.
Key Benefits for Users:
– Expanded Asset Control: Perform atomic swaps across major blockchains while retaining complete ownership of your digital assets throughout the process.
– Diverse DeFi Opportunities: Access a wide variety of assets, including fungible tokens, NFTs, and BRC-20 tokens, enriching your interaction with the decentralized financial ecosystem.
Building the Future of Cross-Chain DeFi
This partnership is more than just a collaboration, it’s a blueprint for the future of decentralized finance. By integrating $YONA into Portal’s DEX and embedding Portal’s Swaps SDK into Yona Network’s infrastructure, we are creating a seamless and secure experience that connects Bitcoin, Solana, and Ethereum. Users will have complete control over their digital assets while enjoying the benefits of speed, security, and efficiency across multiple blockchains.
Together, Yona Network and Portal to Bitcoin are building the foundation for a more connected, interoperable, and user-centric DeFi ecosystem, one where users can fully harness the power of their digital assets without limitations.
About Yona Network
Yona Network is the first Bitcoin Layer 2 protocol built on the Solana Virtual Machine (SVM), designed to enhance the scalability and functionality of Bitcoin for decentralized finance (DeFi) applications. By integrating technologies from the Solana and Ethereum ecosystems, Yona Network is leading the way in expanding Bitcoin’s role in the global financial system.
About Portal to Bitcoin
Portal to Bitcoin, formerly known as Portal DeFi, is a trust-minimized protocol designed for fast, secure atomic swaps between Bitcoin and other blockchain assets. Powered by BitScaler, Portal enables non-custodial trading across multiple blockchains without relying on intermediaries. With backing from Coinbase Ventures, OKX Ventures, and Arrington Capital, Portal ensures user funds are always secure without the need for bridging or wrapping.