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Pell: Bitcoin at Work (Plume Partner Spotlight)

August 29, 2025

This is part of an ongoing case study series "Bitcoin At Work," highlighting the success of Real-World Bitcoin builders on Plume. 

Plume’s Real-World Bitcoin mission is simple: turn Bitcoin from the world’s largest idle asset into the backbone of institutional-grade, onchain finance.

By bridging BTC directly into tokenized real-world assets, Plume delivers institutional-grade RWAs with steady, scalable yield.

Expanding BTC Restaking with Pell Network on Plume

Turning BTC Into a Security Layer

Pell Network is the omnichain decentralized validation service (DVS) network powered by Bitcoin restaking. Users holding BTC liquid staking tokens (LSTs) can restake them through Pell to provide shared security for applications across the Plume ecosystem. 

Plume delivers the foundational blockchain security, while Pell adds an extra layer of protection to ecosystem applications by extending BTC’s security and liquidity. In turn, BTC stakers gain additional yield opportunities while developers can access reliable validation services quickly and cost-effectively.

Why Restaking BTC Matters

By enabling BTC LST restaking, Pell expands BTC’s role beyond a store of value into an asset that secures infrastructure and decentralized applications. This model allows developers to avoid the high costs of bootstrapping independent validator networks while still achieving strong crypto-economic security.

For institutions, Pell provides a framework that combines yield with transparency, compliance, and risk management. Built on Plume’s infrastructure, Pell can scale DVS deployment efficiently while leveraging Plume’s compliance stack. Together, this creates a pathway for institutions to confidently deploy BTC exposure into restaking strategies with auditable, regulated yield streams.

Broadening What BTC Can Do

Pell is already one of the top dApps on Plume by TVL, currently ranked second in the ecosystem. Looking ahead, Pell on Plume is focused on:

  • Expanding BTC asset coverage by integrating more LSTs (stBTC, tBTC, etc.) and WBTC.
  • Optimizing products and yield withwith liquid restaking tokens (e.g., rBTC), yield curves, and transparent risk-layering models for institutions.
  • Accelerating developer adoption through Quickstart templates and validator guides for faster DVS deployment.
  • Supporting RWAfi applications by providing decentralized validation and risk control for real-world asset protocols on Plume.

By combining BTC’s native security with Plume’s performance and compliance-first architecture, Pell is building a new layer of real world Bitcoin where developers can launch faster, institutions can allocate with confidence, and BTC becomes an active foundation for both DeFi and RWAfi applications.