Operational & Technical

How does iBTC maintain its 1:1 peg with BTC?

Each iBTC is fully backed by an equivalent amount of BTC, with backing verifiable on-chain through Chainlink Proof of Reserve (PoR).

What are the smart contract risks associated with iBTC?

While DLC attestors cannot steal BTC, there is a theoretical risk of unlock censorship. This is mitigated through security audits, bug bounty programs, and ongoing monitoring.

How does iBTC handle onboarding for large Bitcoin holders (whales)?

Whales can either mint iBTC through existing merchants or onboard as merchants themselves if they meet the criteria.

Can large institutions like BlackRock adopt iBTC?

Yes. Institutions can integrate iBTC and set up a private attestor network for additional control and security.

What are Discreet Log Contracts (DLCs)?

DLCs are smart contracts enabling secure, verifiable Bitcoin transactions without intermediaries. They ensure funds are locked and moved based on predefined conditions.