Web3Port Foundation is excited to announce a strategic partnership with Echo, Echo is a multifaceted protocol specializing in bridging, liquid staking & restaking, and yield solutions, seamlessly interoperating within the Move ecosystem.

Echo is a decentralized platform offering users a seamless way to bridge assets, deposit them, and earn rewards: 1) Bridge uBTC assets from B2 to Echo to earn Echo and B2 points. 2) Deposit aBTC on Echo Lend to receive boosted APT yield up to 12%. 3) Stake APT earned on Echo to receive additional Echo Points and earn 7% staking rewards

Security is a top priority for Echo, particularly when it comes to the critical process of bridging Bitcoin assets. Echo bypasses trusted issues by restaking the staked BTC (Hash-Timelock in Bitcoin Layer-1 is highly reliable) instead of directly bridging BTC. We also build a decentralized, community-based Echo relayer to bridge BTC LST to Aptos to maintain security and integrity throughout the briding process.

This relies on validators and submitters who will be responsible for monitoring and verifying deposit withdrawal events on the blockchain. If any validator acts maliciously, submitters can report and initiate the process to block these validators.

The partnership between Web3Port Foundation and Echo is set to accelerate innovation and growth in decentralized finance and blockchain security. Echo will be empowered to scale its advanced technological solutions, offering users secure and efficient ways to maximize their assets. This collaboration marks a pivotal step in driving the future of blockchain technology and the next wave of growth in blockchain ecosystems.

About Echo

Echo is a multifaceted protocol specializing in bridging, liquid staking & restaking, and yield solutions, seamlessly interoperating within the Move ecosystem. We established an ecosystem partnership with Aptos to provide users with boosted APT yield when bridging BTC assets to Echo.

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About Web3Port Foundation

Web3Port Foundation is an international multi-stage technology investment platform. The Web3Port foundation is divided into a primary fund of $100 million and a secondary fund of $1 billion that backs and amplifies leading blockchain-enabled solutions to build businesses that are truly differentiated across all markets.

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