According to CoinMeta, Bitget has announced an upgrade to its Bitcoin-backed BGBTC asset, introducing new daily rewards valued at BTC. Cross-chain transfers will be facilitated through Chainlink using CCIP, with independent supervision by Gauntlet. The upgraded BGBTC will distribute daily rewards of BTC to holders, aiming to maintain a 1:1 peg with Bitcoin while allowing users to earn profits without selling the underlying asset. This asset can be used for futures margin, lending collateral, or participation in Bitget's Launchpool and PoolX products. Bitget also introduces support for large-scale and rapid redemptions, as well as enhanced institutional-level risk control and transparency.