NEAR Protocol has partnered with Proximity Labs to launch 'Bitcoin January', an initiative aiming to redefine Bitcoin's role in decentralized finance (DeFi). The project will combine the security of Bitcoin with the scalability of NEAR Protocol to increase Bitcoin's adoption and integration into DeFi. The recent announcement by President Trump regarding a US Bitcoin reserve has also bolstered the project, highlighting Bitcoin's growing importance as a strategic crypto asset. Bitcoin January offers users the opportunity to earn yields of up to 33.3% and access borrowing with BTC to unlock liquidity while maintaining ownership. NEAR Protocol's tools, such as Chain Signatures and Simplified Onboarding, will contribute to the initiative's innovative use cases in Bitcoin finance, NFT platforms, payment gateways, and custody solutions. Additionally, NEAR Protocol's Satoshi Ramp release enables 2-block confirmations on Bitcoin and reduced fees, further enhancing interoperability, security, and scalability.



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