Prosper Partners with B² Network to Explore TVL Farming Opportunities for BTC
2024 / 11 / 19
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new strategic partnership with B² Network. B² Network is a leading Layer-2 solution, with over US$250M of Total Value Locked (TVL), that bolsters transaction speed and broadens application diversity without sacrificing security.
Under the proposed partnership, Prosper and B² Network will collaborate to explore unique yield farming opportunities for Prosper DAO treasury’s TVL on B² Network. By leveraging B² Network's expertise in nurturing BTC-related assets and in the Bitcoin ecosystem, Prosper aims to identify innovative ways to utilize its DAO’s treasury holdings for the benefits of $PROS holders. Additionally, Prosper and B² Network will jointly explore developing new product offerings related to Bitcoin mining hashrate.
The partnership represents another important milestone in expanding Prosper's ecosystem by working closely with leading BTC ecosystem projects to bring more utilities to $PROS tokens. This follows a number of recent announcements with prominent industry leaders, including the partnership with BITMAIN and investments from BIT Mining and Waterdrip Capital.
About B² Network
B² Network is a modular Layer-2 solution that bolsters transaction speed and broadens application diversity without sacrificing security. It introduces B² Rollup, the first Bitcoin rollup based on verification commitment, and B² Hub, the first Bitcoin Data Availability (DA) layer that achieves finality on the Bitcoin network.The network's objective is to metamorphose Bitcoin into a versatile platform, paving the way for groundbreaking applications such as DeFi, NFTs, and other decentralized systems. Overall, B² Network epitomizes a harmonized progression, upholding Bitcoin’s core values while navigating the future digital asset landscape.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin through liquidity farming. For more information, visit prosper-fi.com or follow us on X (formerly Twitter).
