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Spiderchain

botanixlabs.com ↗

By Botanix Labs, Inc.

Botanix is a Bitcoin Layer-2 blockchain that adds Ethereum-style (EVM) smart contracts to Bitcoin, intended to let users lend, borrow, trade, stake, and earn yield on Bitcoin held in base-layer multisig wallets via the Spiderchain protocol.

Finance & MarketsPublic web research
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Source-backed public recordPrimary source ↗

Snapshot

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What it does
  • Botanix is a Bitcoin Layer-2 blockchain that adds Ethereum-style (EVM) smart contracts to Bitcoin, intended to let users lend, borrow, trade, stake, and earn yield on Bitcoin held in base-layer multisig wallets via the Spiderchain protocol.
More detail
  • The network is being shut down as of July 1, 2026, with final shutdown by August 1, 2026, so no new use is available.
Best for
  • No new users are a fit: the network is winding down and assets must be withdrawn before July 1, 2026.
Pricing
  • Botanix Labs does not publicly disclose how it earns revenue (no published subscription, platform fee, spread, or commission).
More detail
  • Users would bear Bitcoin L1 network fees for bridging and custody transactions and L2 gas costs, with exact rates unknown.
  • Yield APR figures are inconsistent across pages (3
Main limitation
  • Anyone considering new deposits, DeFi activity, or integrations should not use Botanix; existing users should withdraw assets before the deadline.
Record
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Evidence
Public web research

About

  • Botanix is a Bitcoin Layer-2 blockchain that adds Ethereum-style (EVM) smart contracts to Bitcoin, intended to let users lend, borrow, trade, stake, and earn yield on Bitcoin held in base-layer multisig wallets via the Spiderchain protocol.
  • The network is being shut down as of July 1, 2026, with final shutdown by August 1, 2026, so no new use is available.

What it helps with

Capabilities

A practical view of what is available and where limitations apply.

OfferingAvailableDetail
EVM smart contracts on Bitcoin YesDesigned to let Ethereum-style applications run on a Bitcoin-based network.
Native BTC yield / staking LimitedAdvertised, but APR figures are inconsistent and the service is winding down.
BTC-backed lending and borrowing LimitedPart of the original offering but unavailable for new use during wind-down.
Trading and long/short positions LimitedListed on the homepage but not usable for new onboarding after July 1, 2026.
Lightning payments via wallet LimitedMentioned as a wallet feature; network shutdown ends availability.
Bridge BTC to Botanix network LimitedBridge exists but users are instructed to withdraw before shutdown.
Fully decentralized Spiderchain protocol NoDocumentation states the full Spiderchain is not yet implemented; current network runs a 16-member Proof-of-Authority federation.
Published fee schedule UnknownNo provider fee, spread, or revenue model is publicly disclosed.

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Last reviewed
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botanixlabs.com
Technical profile details
Record IDb17e77c0-bbf7-47bb-95c0-0e6b2ecc8fe9Canonical URLhttps://profiles.scribble.network/listing/spiderchain-b17e77c0