Comparisons

iBTC vs. the Competition: A Technical Edge

iBTC stands out in the crowded wrapped Bitcoin space, outpacing wBTC, Babylon, and tBTC with its bridgeless, trust-minimized design. Below, we compare key features, highlighting iBTC’s superiority for developers and investors alike.

iBTC vs. wBTC

Feature

iBTC

wBTC

Custody Model

Non-custodial (PSBT-based, multisig)

Centralized (BitGo-controlled)

Minting Process

Self-wrap by merchants/attestors

BitGo mints all wBTC

Transparency

Chainlink PoR, on-chain audits

Third-party audit reports

Redemption

30-60 min via PSBT

3-12 hours via BitGo

  • Why iBTC Wins: Eliminates custody risk with decentralized control and faster redemption.

iBTC vs. Babylon

Feature

iBTC

Babylon

Yield Model

User-driven DeFi (5%-20%)

Cosmos-based staking

Custody

User-controlled PSBTs

Protocol-determined staking

Multi-Chain

Ethereum, L2s, XRPL

Limited to Cosmos ecosystem

  • Why iBTC Wins: Offers broader DeFi access and avoids Cosmos’ unsustainable yield concerns.

iBTC vs. tBTC

Feature

iBTC

tBTC

Minting

PSBT-based, institution-led

Threshold cryptographic minting

Custody

Self-managed, no central pool

Decentralized but pooled signers

Redemption

Direct PSBT redemption

Relies on third-party signers

  • Why iBTC Wins: Direct redemption and no pooled risk make iBTC more secure and efficient.