Getting iBTC

Your Path to iBTC: Simple and Secure

iBTC opens the door to Bitcoin DeFi for everyone—individuals can swap on decentralized exchanges (DEXs), while institutions can self-wrap BTC with trust-minimized control. Here’s how to get started, tailored to your needs.

For Individuals: Swap on DEXs

• Overview: Acquire iBTC effortlessly via popular DEXs, leveraging deep liquidity pools.

• Supported Platforms:

  • Curve: Largest iBTC pool, ideal for stable swaps

  • Uniswap: Swap with ETH, USDC, or other assets.

  • 1inch: Aggregates liquidity for optimal rates.

Step-by-Step Guide:

1. Choose a DEX: Select Curve, Uniswap, or 1inch based on liquidity needs.

2. Connect Wallet: Use MetaMask, Trust Wallet, Ledger, or Trezor; ensure ETH for gas fees.

3. Swap for iBTC: Select your token (e.g., ETH), input iBTC amount, and confirm.

4. Verify: Check your wallet—1 iBTC reflects 1 BTC backing via Chainlink PoR.

• Technical Detail: Smart contracts (e.g., Uniswap V3) handle swaps, with iBTC’s ERC20 compatibility ensuring seamless integration.

• Tip: Monitor gas costs on Ethereum; use Arbitrum for lower fees.

For Institutions: Self-Wrap BTC as a Merchant

• Overview: Select institutions can become iBTC merchants to self-wrap BTC, maintaining full control via a 2-of-2 multisig vault, subject to a vetting process

• Requirements: Institutions must meet stringent financial and compliance standards, including KYB verification via Fractl and additional criteria under review, akin to Active Participant eligibility for ETFs. Contact [email protected] for onboarding details.

Step-by-Step Guide:

1. Complete KYB: Complete a rigorous vetting process including Fractl's KYB verification to ensure alignment with institutional-grade standards

2. Deposit BTC: Lock BTC in a multisig vault on Bitcoin Layer 1, co-signed by you and the Attestor Network

3. Mint iBTC: Attestors verify the deposit using FROST, minting iBTC on your chosen chain (e.g., Ethereum, XRPL).

4. Deploy: Use iBTC in DeFi or institutional markets (e.g., lending on Aave, OTC trading).

For Institutions: Swap via a Select Merchant

• Overview: Institutions can partner with a carefully vetted, KYB-verified merchant in the iBTC network to swap BTC or other assets into iBTC without self-minting.

• Requirements: Institutions must meet baseline eligibility criteria and coordinate with trusted merchants. Contact [email protected] for merchant allocation.

Step-by-Step Guide:

1. Choose Merchant: Select from our network of trusted merchants.

2. Coordinate Swap: Provide BTC or assets to the merchant, who handles the minting process on your behalf.

3. Receive iBTC: Merchant deposits BTC into a multisig vault, mints iBTC, and transfers it to your wallet on the desired chain.

4. Verify: Confirm iBTC receipt, backed 1:1 by BTC via Chainlink PoR.