BTCFi narrative is resurrected. What are the highlights and potentials of the third phase of Bitlayer Mining Festival projects?

Here is the English translation of the text, with the requested terms retained and not translated: Thanks to the market sentiment recovery brought about by interest rate cuts, top public chain tokens such as , , and have performed well recently. In addition to popular topics like and AI, the narrative has also regained user attention, and the heat of second-layer projects in the primary market has also rebounded. According to public reports, since October this year, -native second-layer projects such as Bitlayer and the Liquid development team have announced the completion of new rounds of financing. Among them, after completing a $9 million A+ round of financing at the beginning of this month, Bitlayer's latest total financing amount has reached $25 million, with its investor landscape covering well-known institutions such as , , , ABCDE, , , Alliance DAO, and UTXO Management. On October 29, Bitlayer officially launched the third phase of the Head Mining Gala event, which was jointly initiated by the official and five ecosystem projects, including , Jasper Vault, , Avalon Labs, and Lorenzo Protocol, with the theme of "Treasure Grab Battle", providing users with a total of 10 million BTR tokens, ecosystem project airdrops, and Bitlayer ecosystem joint badge rewards. Currently, the event has officially opened, and users can now log in to the Bitlayer official website or other official cooperative entry points, including , , , , , , , , and to participate in the event. The official event participation entry can be accessed by . The following will provide an overview of the important information of the third phase of the Bitlayer Head Mining Gala project for your reference. Project Introduction: is a -native perpetual contract trading platform that provides users with an unparalleled trading experience, with leverage up to 500x, ensuring the lowest slippage and competitive fees. By adopting a fully on-chain liquidity model, V1 on-chain perpetuals guarantee the most transparent trading with minimal slippage. All trades are executed against the RLP pool, enhancing the liquidity of all trading pairs, thereby optimizing capital efficiency. It is understood that 's product landscape includes Swaps, Perpetual, Bridge, and Prediction. has successfully deployed to Bitlayer. It is worth mentioning that stood out in the first round of the Bitlayer Developer Acceleration Program (Booster Grants Program) and ultimately received up to $1 million in Grants support. To give back to the community users, is distributing token rewards to active users through events. Project Introduction: is a peer-to-peer interoperable options protocol that can provide options for 99% of people, offering up to 300x leverage and 0 liquidation risk. is committed to taking the advantages of high leverage and zero liquidation risk in options to the extreme, and combines account abstraction technology (ERC-4337) to achieve non-custodial wallet-to-wallet trading, creating the industry's first ultra-simple on-chain options product, with options as short as 2 hours of rolling opening, leverage exceeding 300x, and zero liquidation. Users only need to choose between call or put, and if they judge correctly, they can get up to 300x leverage returns, and if they unfortunately misjudge, they will only lose a small amount of premium. Users can use put options to hedge downside risk and protect their principal, or use call options to and make big bets with small investments. has successfully deployed to Bitlayer. Project Introduction: is a Web3 DeFi re-staking platform that fundamentally changes the field through its unique D- structure. It provides users with low-risk, high-return yields, and allows them to obtain rewards from multiple DeFi protocols through a single investment. On February 23 this year, announced the completion of a new $5 million round of financing, which was led by TPS Capital, , , Mentha Partners, , Asymmetries Technologies, Outliers Fund, and , with angel investors including Acme Crypto co-founder and CEO Joseph Eagan. Currently, has successfully deployed to Bitlayer. Data shows that the current TVL of on the Bitlayer chain is $123 million, ranking second on the Bitlayer TVL list. Project Introduction: is building a comprehensive financial platform, integrating lending, collateralized debt positions (CDP) stablecoins, yield generation, and credit card services into a seamless ecosystem. In DeFi, collaborates with leading liquidity staking projects, enabling retail users to use liquidity staking tokens as collateral for loans. In CeDeFi, the project provides institutional clients with fixed-rate -collateralized loans, and to promote the adoption of -backed stablecoins, will launch USDe, a CDP token backed by over-collateralized loans, facilitating cross-chain, stable-rate lending within the ecosystem. The project's co-founders have diverse traditional finance backgrounds, including private equity and hedge funds, and the tech and market teams are led by industry veterans with over 10 years of DeFi experience. To date, has received support from , , , , and Paka, and , , and have also participated in the investment. Data shows that the current TVL of on the Bitlayer chain is $325 million, ranking first on the Bitlayer TVL list. Project Introduction: The is building the first liquidity finance layer, aiming to provide innovative financial products and become the preferred platform for yield-bearing token issuance, trading, and settlement. connects holders of any size with top projects that need liquidity and security, unlocking the liquidity of staked assets and capturing yields for stakers. provides simplified management and security measures such as staking insurance, node operator credit scoring, anti-slashing mechanisms, and validator permissioning. introduces a principal-interest separation mechanism, where users receive two forms of liquid staking tokens after completing deposits: Liquid Principal Tokens (LPTs) and Yield Accumulation Tokens (YATs). not only enhances liquidity but also lays the foundation for a DeFi ecosystem built on these token standards, making it possible to create more complex DeFi products utilizing stBTC (Lorenzo's native LPT) and YATs, further exploring the potential of finance. According to official information, the has received support from . Currently, the has been deployed to Bitlayer. In conclusion, as a L2 that has received investment from well-known institutions such as and , Bitlayer has begun to distribute BTR as incentives to the community and users, and token issuance seems to be a certainty. Therefore, whether it is Bitlayer's recently launched Developer Grant program or the Head Mining Gala user event, they have all attracted widespread attention from the community. For users, actively participating in these official events will bring more and returns. Telegram subscription group:

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