General
What is iBTC?
iBTC is a secure, decentralized wrapped Bitcoin designed for both institutions and individuals. It offers a theft-proof design, transparent verification through Chainlink Proof of Reserve (PoR), and seamless integration with multiple chains, making it the most flexible and secure way to use Bitcoin in DeFi.
How does iBTC work?
Institutions (Merchants): Mint iBTC by locking BTC using Discreet Log Contracts (DLCs), ensuring they retain control of their BTC during the process.
Retail Users: Swap BTC or other tokens for iBTC through supported exchanges or platforms.
Why should I use iBTC instead of other wrapped Bitcoin tokens?
Institutions: Benefit from a theft-proof design, lower fees, and control over their BTC during minting.
Retail Users: Benefit from transparency, composability across DeFi protocols, and reduced reliance on centralized custodians.
How can I get iBTC?
Institutions: Mint iBTC through a fully automated process
Retail Users: Swap BTC or other cryptocurrencies for iBTC on supported platforms.
How can I earn yield with iBTC?
Institutions: Use iBTC in DeFi strategies like staking, lending pools, or liquidity provision while maintaining control of their BTC.
Retail Users: Deposit iBTC into DeFi protocols like staking, lending pools, or liquidity pools to earn yield.
Which chains does iBTC support?
iBTC currently supports Ethereum, Arbitrum, Base, Optimism, and XRPL — making it the only wrapped Bitcoin available on XRPL. More chains are on the way, offering users access to a wide range of DeFi opportunities across different ecosystems.
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