Bitget Upgrades BGBTC With Gauntlet Risk Control And Chainlink CCIP Integration

Bitget enhances BGBTC with Gauntlet oversight, Chainlink CCIP, and Morph chain yields, maintaining utility as margin and collateral for improved capital efficiency.

Woofun AI reports that Bitget has implemented a comprehensive upgrade to BGBTC, incorporating daily coin-based yields and large-amount fast redemptions. The update introduces an independent Curator mechanism where Gauntlet oversees the underlying yield strategy's risk management, adding independent strategy review to existing asset custody protocols.

The product now supports yield strategies on the Morph chain and utilizes Chainlink CCIP as its official cross-chain solution, alongside Chainlink Proof of Reserve for real-time transparency of its 1:1 Bitcoin pegging. Upgraded BGBTC retains functionality as contract margin, borrowing collateral, and participation in Launchpool and PoolX, aiming to enhance capital efficiency while preserving liquidity.