Understanding Botanix: A Comprehensive Overview

Botanix is a Bitcoin-secured Layer-2 protocol that enables DeFi applications with synthetic BTC on an EVM-compatible layer, currently operating with a 16-validator federation and plans to transition to a decentralized Spiderchain system by 2027. The protocol features BTC gas payments, yield distribution to stBTC holders, and has integrated with major DeFi platforms like GMX and Dolomite.