Bitcoin Finds a New Purpose in DeFi Through Mining-Backed Model

The integration of Bitcoin (BTC) into decentralized finance (DeFi) has long been a challenge. While Bitcoin remains the dominant cryptocurrency, its use in DeFi projects has been limited due to the complexity and risks associated with using BTC in non-centralized systems. However, a new initiative aims to change that by combining Bitcoin’s stability with the potential of DeFi’s innovative ecosystem. EverValue, a novel DeFi project built on the Arbitrum network, bridges these two worlds by offering Bitcoin-backed DeFi opportunities for investors seeking secure, predictable growth.
A New Era for Bitcoin in DeFi
EverValue introduces an innovative solution that incorporates Bitcoin into DeFi in a way that mitigates the risks associated with the traditional DeFi landscape. Many current DeFi projects rely on centralized platforms where investors deposit their Bitcoin to earn minimal returns, exposing them to operational risks and volatility. In contrast, EverValue aims to provide a safer, more predictable way for investors to utilize their BTC holdings by integrating Bitcoin’s inherent stability into its decentralized model.
The core of EverValue’s system is its EVA token, designed to operate with a Bitcoin-backed "Burn Vault" to provide a steady, increasing minimum price. Through this model, BTC is deposited into the Burn Vault and can only be withdrawn by burning EVA tokens. This ensures that the value of EVA remains aligned with Bitcoin, offering predictable growth without relying on staking or lockups, and allowing users to store the token in their own wallets securely.
Stability Through Bitcoin-Backed Mechanisms
One of the standout features of EverValue is its tokenomics model, which combines Bitcoin’s stability with DeFi’s potential. The Burn Vault operates via a smart contract that aims to increase the token’s price floor daily, establishing a reliable and growing minimum value for EVA. This vault receives deposits of wrapped Bitcoin (wBTC), ensuring that the token maintains a steady backing. The Burn Vault currently holds over 110 wBTC, growing at a rate of 0.3 BTC daily from mining operations and token sales. This constant influx of Bitcoin-backed value ensures that EVA’s price floor appreciates consistently, giving investors confidence in its stability.
EverValue’s token supply is capped at 21 million tokens, a measure designed to mirror Bitcoin’s limited supply and further enhance its scarcity. Additionally, a built-in burn mechanism regularly reduces the circulating supply of EVA, thereby boosting its value over time. In the first week of its presale, EverValue raised over 75 BTC—more than double its initial target. Since then, the project has burned over 500,000 EVA tokens and plans to continue burning 250,000 tokens each month, driving scarcity and enhancing value.
Whale-Proof Mechanism for Fairer Distribution
EverValue also incorporates a whale-proof mechanism, designed to prevent large token holders from manipulating the market. This feature ensures that the increasing price floor remains unaffected by the transactions of big investors, making the platform more stable and fair for all participants. By maintaining the proportion of circulating EVA to wBTC, the burn price remains consistent, safeguarding against market volatility and large holder influence.
Security and Transparency Through Regular Audits
To ensure the integrity of the platform and foster trust among investors, EverValue undergoes regular third-party audits, particularly focusing on the security of the Burn Vault. The project has partnered with Hacken, a reputable cybersecurity firm specializing in blockchain security, to conduct thorough and regular audits. This transparent approach allows token holders to monitor the project’s security mechanisms, instilling confidence in EverValue’s commitment to maintaining a safe and secure DeFi platform.
Bitcoin in DeFi: The Future is Here
EverValue’s approach represents a significant leap forward in integrating Bitcoin into the DeFi ecosystem. By combining the reliability of Bitcoin with the flexibility of DeFi, the project aims to offer a solution that benefits both Bitcoin holders and DeFi enthusiasts. As the company’s CEO, Lor Ayala, notes, "Our project aims to integrate Bitcoin into DeFi environments on a broader scale. While we currently use synthetic forms like wBTC on the Arbitrum network, we are pushing for Bitcoin’s full integration into more complex systems."
As DeFi continues to evolve and Bitcoin’s role in the ecosystem expands, EverValue plans to remain at the forefront of this transformation. The project not only opens up new use cases for Bitcoin but also presents a stable, secure, and transparent DeFi option for investors. With the growing demand for more reliable DeFi platforms, EverValue is well-positioned to be a key player in this emerging market, making Bitcoin more accessible to a wider range of users.
By bridging Bitcoin and DeFi in a secure, scalable, and transparent way, EverValue is setting new standards for both industries, promising to offer investors a more predictable and stable way to engage with decentralized finance.
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