Echo Protocol

Multi-chain BTCFi protocol bringing Bitcoin staking and DeFi yield to Solana

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Echo Vault

Echo Vault implements Bitcoin liquid staking across multiple blockchains, accepting native BTC, wrapped tokens, and liquid staking tokens to mint unified chain-specific assets. Users deposit supported Bitcoin assets and receive liquid representations like aBTC on Aptos, mBTC on Movement, or mphBTC on Morph, backed 1:1 by deposited assets. The system uses Proof-of-Reserve verification through Chainlink and Redstone oracles to ensure transparent collateralization and prevent depegging risk.

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Echo Lending

Echo Lending implements decentralized borrowing and lending markets for Bitcoin-backed assets and stablecoins on Aptos. Users supply aBTC, APT, eAPT, zUSDT, or zUSDC as collateral to borrow supported assets, with interest rates determined algorithmically based on utilization. The protocol enables Bitcoin holders to access leverage or liquidity without selling their BTC holdings while maintaining exposure through liquid staking tokens.

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About

Echo Protocol

Echo Protocol is a Bitcoin liquidity aggregation and yield infrastructure layer, founded August 2024 by Jonathan Phay and Huan Tse. It enables BTC holders to stake, bridge, and earn DeFi yields across Solana, Aptos, Movement, Morph, and Hemi by accepting native BTC and wrapped variants (UBTC, FBTC, WBTC, oBTC, enzoBTC, PumpBTC, LBTC) and deploying them into a unified cross-chain vault system.

For native BTC deposits, Echo stakes assets on Babylon, Eigenlayer, and Symbiotic, issuing a unified BTC token on the target chain. Proof-of-Reserve feeds from Chainlink and Redstone verify 1:1 backing in real time.

On Solana, Echo mints solBTC and routes yield through Kamino Finance Kamino Finance KMNO$0.041-1.1%. Core products include Echo Strategy (automated yield, 120M USD TVL at 22% APY), Echo Lending (220M USD net assets), eMSTR (2.5x leveraged BTC without liquidation risk), and CeDeFi (delta-neutral yield via Ceffu). Total ecosystem TVL exceeds 254M USD with 2,508 BTC staked and APY up to 30%.

The ECHO governance token launched July 2, 2025, with 15% of supply airdropped to early users.

Note: inclusion in Solana Compass directory does not indicate a recommendation or endorsement of this project, its token(s) or its products. Data sourced with thanks from The Grid to aid in building these pages.