Rover Overview

Rover is a liquid staking protocol built on Botanix. Rover allows users on Botanix to participate in staking and earn yield on their Bitcoin, while remaining liquid via a Liquid Staking Token (LST) called rovBTC. Each rovBTC is fully 1:1 backed and redeemable for BTC. One of the key benefits of rovBTC is that it is liquid and can be traded and used on various decentralized exchanges and dAPPS. RovBTC can be used for trading, lending, to provide liquidity, or as collateral across DeFi applications on Botanix.

Rover is launching in two phases - the first phase is the points program, where users on Botanix can deposit their Bitcoin, receive rovBTC, earn native Bitcoin yield and points according to their pro-rata share of the total amount of deposited Bitcoin. The second phase of Rover's lunar mission is a migration to Proof of Stake (PoS). This will occur shortly after Botanix transitions to PoS itself. When this happens, the Bitcoin locked in Rover will be delegated to validators and start participating in the Botanix Proof of Stake.