Merchant Network
Powering Bitcoin Liquidity
Last updated
Powering Bitcoin Liquidity
Last updated
Merchants are the liquidity engines of iBTC, enabling institutions to mint and redeem iBTC without bridges or custodians. These KYB-verified entities—trading firms, market makers, and asset managers—facilitate secure BTCFi while ensuring compliance and deep market liquidity.
Minting iBTC: Lock BTC in 2-of-2 multisig vaults on Layer 1, triggering iBTC minting on target chains.
Redeeming iBTC: Burn iBTC and co-sign PSBTs with attestors to release BTC.
Providing Liquidity: Integrate iBTC into DeFi platforms, OTC desks, and trading venues (e.g., Curve, Uniswap).
Ensuring Compliance: Undergo KYB verification via Fractl to meet regulatory standards.
Bridgeless: BTC stays on Layer 1, avoiding bridge risks (e.g., Wormhole’s $326M hack).
Fast Transactions: Minting/redemption in 30-60 minutes vs. 3-12 hours for traditional wrapped BTC.
Institutional Access: Deep liquidity for DeFi and trading, supported by LPs like Bullish.
Compliance: KYB ensures regulatory adherence, appealing to institutions.
KYB Verification: Pass Fractl’s compliance checks to join the network.
Secure BTC: Deposit BTC into a 2-of-2 multisig vault with attestors.
Mint/Redeem iBTC: Facilitate iBTC creation and redemption on supported chains.
Provide Liquidity: Deploy iBTC across DeFi and institutional markets. Eligible Entities: Trading firms, custodians (e.g., Ledger, Fordefi), market makers, asset managers. .