The encapsulation protocol AnetaBTC, built on Cardano, has integrated utxoRPC and maintained indexes in the database in Aneta V2. The team also created coin forging stubs, enabling the construction of validator software without changing the interface, and established p2p connections and identity authentication among validators.

AnetaBTC has applied for Catalyst Fund 11 on X platform to build the V2 wrapping protocol. AnetaBTC hopes to deploy a fully decentralized and secure Bitcoin wrapping protocol that does not rely on centralized third parties.