Why iBTC

More Yield: iBTC is integrated with DeFi applications across multiple chains, allowing users to earn yield on their Bitcoin through activities like staking, lending, and liquidity provision. The protocol's compatibility with multiple chains and integration with Chainlink's CCIP facilitate this access to a wide range of DeFi opportunities.

More Secure: iBTC leverages the robust security of the Bitcoin network, ensuring that transactions are protected by its immense hashrate. The protocol's design also incorporates theft-proof mechanisms through the use of DLCs, adding an extra layer of protection for user funds.

Decentralized: iBTC’s merchant self-custody model eliminates reliance on third-party custodians and centralized bridges, giving merchants complete control over their Bitcoin throughout the process. This decentralization minimizes counterparty risk and enhances the overall security of the protocol.

Safer: iBTC's utilization of DLCs ensures that locked Bitcoin can only be transferred back to the original depositor, even in the event of a system compromise. The transparent nature of the blockchain allows for all transactions and the status of locked Bitcoin to be publicly verifiable, further enhancing the protocol's safety.

Cheaper: The automated nature of iBTC and the absence of intermediaries result in lower fees compared to traditional wrapped Bitcoin solutions. The efficiency of the protocol also leads to faster minting and burning times, typically requiring only 3-6 Bitcoin block confirmations (approximately 30-60 minutes).