The Web3 economy has seen remarkable growth, with digital assets reaching a market capitalization of $1 trillion, but the digital asset debt market remains underdeveloped due to the absence of standardized benchmarks like those in traditional finance. To address this, Chainlink and CF Benchmarks have introduced the CF Bitcoin Interest Rate Curve (CF BIRC), a pioneering benchmark for Bitcoin interest rates that aims to provide transparency, consistency, and clarity in the digital asset markets. This benchmark allows for more predictable lending and borrowing, enhances capital efficiency, and supports the development of digital asset derivatives markets. CF BIRC is designed to be market-representative, manipulation-resistant, and replicable, integrating data from various sources to reflect the Bitcoin lending market comprehensively. This new benchmark is expected to unlock numerous use cases across centralized and decentralized finance, such as enabling interest rate swaps, improving asset valuation, and facilitating more effective risk management strategies, thus fostering greater institutional adoption and growth in the digital asset ecosystem.