Bitget upgrades BGBTC to pay daily Bitcoin rewards while keeping 1:1 backing
For most of Bitcoin’s existence, holders faced a stubborn tradeoff: keep BTC secure and idle, or deploy it into yield strategies that stripped away liquidity and added complexity. Bitget’s BGBTC upgrade, announced on July 31, 2026, challenges that assumption directly — and the mechanics behind it reveal just how much the infrastructure for productive Bitcoin has evolved.
Key takeaways
- Bitget upgraded BGBTC on July 31, 2026 to deliver daily BTC-denominated rewards, alongside large-volume fast redemption and institutional-grade risk oversight.
- BGBTC remains fully backed 1:1 by Bitcoin, preserving asset security while enabling yield generation.
- Users can deploy BGBTC as futures margin, lending collateral, or to participate in Launchpool and PoolX within the Bitget ecosystem.
- Bitget integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure for secure multi-chain distribution.
- A new Curator framework managed by Gauntlet separates strategy oversight from asset custody, adding institutional-grade governance to the yield structure.
Bitget Launches Daily Bitcoin Yield on BGBTC
The upgraded BGBTC now distributes rewards in Bitcoin daily — a meaningful shift from periodic yield models that dominate most tokenized BTC products. The asset remains fully backed 1:1 by Bitcoin, meaning holders retain direct exposure to BTC price movements while simultaneously earning yield on top of that position.
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