On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused o...

DeFi Decentralized Finance (Defi)L2 Polychain Capital

May, 07, 2024

by Bitcoin News

Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem

Founded at Harvard, Botanix Labs raises millions to build the first Bitcoin-native Layer 2 primitive with full EVM equivalence — Spiderchain.

Bitcoin DeFi Business Funding

May, 07, 2024

2 min read

by Bitcoin Magazine

Palladium and Botanix Labs Launches Bitcoin-native Stablecoin on Bitcoin’s First EVM Layer 2

Each stablecoin mint of PUSD is required to have a 110% collateral ratio.

Bitcoin Business Stablecoin EVM

Mar, 19, 2024

1 min read

by Bitcoin Magazine

Botanix Labs Launches First EVM-Equivalent Layer 2 Testnet on Bitcoin

This represents over a year of dedicated research and development by the team, with a focus on enhancing user experience.

Bitcoin Technical Layer 2 Botanix Labs

Nov, 29, 2023

2 min read

by Bitcoin Magazine