Create News “2024-09-17-tbtc-minting-directly-on-arbitrum”

src/pages/news/2024-09-17-tbtc-minting-directly-on-arbitrum.md

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+---
+template: news-item
+title: tBTC Minting Directly on Arbitrum
+description: Announcing the launch of the native Arbitrum minting portal. Bring
+  your tBTC to Arbitrum's low-cost DeFi ecosystem without an Ethereum L1
+  transaction.
+canonicalUrl: tbtc-on-arbitrum
+date: 2024-09-09T15:27:26.860Z
+---
+Starting today, you can mint tBTC on Arbitrum directly with the new native minting portal.
+
+This launch from Threshold DAO gives tBTC users seamless access to the leading Ethereum L2. Now, Bitcoin holders can access Arbitrum’s $2.5B DeFi ecosystem to earn yield, borrow against their BTC, or trade perps.
+
+![Screenshot 2024-09-09 at 8.30.17 AM.png](https://codahosted.io/docs/o3lUggiCg2/blobs/bl-77jF8ooWDF/ab955d6bc191aac1090571cb5018f364770b74aba52891e9b44deff98b99165192eaf7fe7df92c14493240786e7d6113275efcf278519e71863df2ec6dd7e857513d0604a6496b42e0c7f26cadc01994609b75a6e5019ff5605b1dc9a0612fae846f4e6c)
+
+The minting portal should also improve the trading experience by bringing improved liquidity to the Arbitrum ecosystem for tBTC users.
+
+The launch includes a tBTC Native Minting Dapp built for Arbitrum users, a powerful off-chain relayer, a tBTC SDK extension for Arbitrum ecosystem builders, and a long-term tBTC on Arbitrum rewards program. More info can be found at the [Threshold Blog](https://blog.threshold.network/), and you can check out the [tBTC SDK documentation](https://docs.threshold.network/app-development/tbtc-v2/tbtc-sdk) for more information on how to start building.
+
+tBTC offers users a trust-minimzed way to bring their Bitcoin holdings into the EVM and Solana ecosystems, effectively giving their Bitcoin wheels and making it a productive asset.
+
+The total count of tBTC holders has jumped significantly in recent months, signaling that the market is further embracing decentralized alternatives in the tokenized Bitcoin market.
+
+![image.png](https://codahosted.io/docs/o3lUggiCg2/blobs/bl-7JBC1GlSMN/a26e49cc7e97c70bd19dfa8e607aa8b5e8e2f1a70ca4a46c6675b87a7c1033f79267759bcacbd880bc0062e3776be48783e013bd1defb356af3ceb05d1e22a60a064a116dcc634be23c94dda7a65d3416941358d272659126cc2f7527b6189ba24aed279)
+
+Outstanding supply currently stands at [~3,400 tBTC](https://dune.com/threshold/tbtc), with a majority on Ethereum L1. Now, users can enjoy all the same benefits that tBTC offers directly on Arbitrum.
+
+The Threshold DAO also put together some incentive buckets thanks to the Arbitrum grants program:
+
+* 200k ARB for ongoing liquidity pool incentives
+* 20k ARB for tBTC lending protocol incentives
+* 50k ARB for long-term tBTC on Arbitrum holders
+
+Check out more info from [Threshold](https://threshold.network/) and get started with minting your tBTC on Arbitrum today.