Comparison with Other Wrapped Bitcoin Solutions

What’s the difference between iBTC and wBTC?

• wBTC: A wrapped Bitcoin token where BitGo serves as the sole custodian, requiring users to trust a single centralized entity to hold their BTC.

• iBTC: Institutions can either mint iBTC themselves and hold their own BTC or choose from a range of leading custodians. This flexibility reduces counterparty risk and offers more control compared to other wrapped Bitcoin solutions.

What’s the difference between iBTC and Babylon?

• Babylon: Focuses on securing Cosmos chains with staking yield limited to Cosmos-based networks. Risks and rely on Babylon’s specific design and chain.

• iBTC: A flexible wrapped Bitcoin solution that integrates with multiple chains, allowing users to choose the best DeFi protocols for their needs with potential for higher yields.

What’s the difference between iBTC and tBTC?

• tBTC: A custodial bridge where BTC is held by a network of nodes, making it vulnerable to potential takeovers and theft if the nodes are compromised.

• iBTC: Features a theft-proof design where BTC can only be redeemed by the institution that locked it, eliminating the risk of third-party takeovers and ensuring greater security.