B14g, a Bitcoin staking platform, saw its total value locked (TVL) soar over 500% in the past month, crossing the record $12 million mark on January 31, as per DefiLlama. The platform, which launched in December 2024, has become the best-performing restaking app in DeFi.
B14g’s flagship product is the Merge Marketplace, a platform that connects stakers holding different types of assets. Participants can engage in BTC merge-staking by committing one complementary token, unlocking higher rewards without needing to hold both assets.
The Merge Marketplace offered by b14g currently connects with Core, enabling users to benefit from the blockchain’s dual-staking without having to deposit both BTC and CORE, lowering entry barriers and helping BTC maximize returns. In Core dual-staking, users can unlock higher yield tiers if they stake both BTC and CORE based on the following ratios:
- Staking Ratio R1 = 1,000 CORE per 1 BTC
- Staking Ratio R2 = 3,000 CORE per 1 BTC
- Staking Ratio R3 = 8,000 CORE per 1 BTC
Instead of buying additional CORE tokens to be eligible for its dual-staking program, users can leverage b14g, which connects holders of both tokens and helps everyone maximize returns.
For example, if a user has BTC but no CORE, they can search for CORE holders connected to the platform to merge with them.
As of this writing, b14g has 1.1 million CORE tokens and 107.4 BTC deposited on its platform, which together are valued at a record $12.6 million. Bitcoin accounts for 93% of all deposits, totaling $11.2 million.
On January 31, the platform experienced record daily inflows, with users locking over $2 million worth of BTC.
Thanks to its rapid increase, b14g has become the 15th largest DeFi app on Bitcoin.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
