SBTC
Last updated
Last updated
SBTC is designed to act as a liquid, index BTC, addressing the issue of illiquid native BTC assets by providing robust omnichain liquidity. This innovative solution will facilitate BTC asset trading and enhance the utility of native BTC within EVM ecosystems as well as other Layer 1 and Layer 2 networks. SBTC will be composed of a diversified basket of ERC20 tokens, primarily BTCB, ensuring a solid foundation of liquidity.
Key Features of SBTC
Manifold use cases: Through close collaboration with leading ecosystems and blue-chip DeFi protocols, SBTC will have a wide range of outstanding use cases, such as various DeFi protocols on Berachain. These use cases will generate more yields for SBTC and unlock the potential of more BTC assets.
Omnichain Liquidity: SBTC is designed to offer seamless liquidity across multiple chains, solving the liquidity fragmentation problem inherent in existing BTC derivatives. Upon launch, SBTC will enjoy immediate omnichain liquidity, facilitated by Native's PMM mechanism, which ensures optimal pricing and liquidity depth.
Instant Withdrawals: Users can benefit from instant withdrawals with a 1:1 BTC ratio. This feature leverages BTCB's liquidity, ensuring that SBTC holders can easily convert their assets into native BTC.
Architecture of SBTC
