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.