What is Photon?

Photon Labs is building a pioneering protocol that brings native Bitcoin integration to the Solana blockchain ecosystem. By introducing a novel rehypothecation mechanism, the project enables Bitcoin to be used as collateral within Solana’s consensus layer—unlocking new layers of utility for the world’s leading digital asset. At the heart of the platform is PBTC (Phantom Bitcoin), a tokenized representation of Bitcoin designed for use in DeFi applications on Solana. PBTC enables Bitcoin holders to participate in activities such as lending, borrowing, and yield farming, all while leveraging Solana’s high-speed, low-cost infrastructure. Photon Labs' cross-chain approach bridges Bitcoin’s deep liquidity with Solana’s performance, creating a more efficient and accessible environment for decentralized finance. The project has garnered industry attention through strategic partnerships with projects like Neo Blockchain and TunaChain, and has attracted venture capital investment, further validating its vision to expand Bitcoin’s role in the evolving DeFi landscape.

Solana Swap&Bridge