tBTC

tBTC (TBTC)

tBTC is an innovative decentralized finance (DeFi) token that allows users to unlock the value of their Bitcoin without sacrificing its core principles of security and decentralization. As a decentralized wrapped Bitcoin, tBTC is uniquely designed to be 1:1 backed by native Bitcoin (BTC) on the mainnet, providing a seamless bridge between Bitcoin and various DeFi ecosystems, including Ethereum, Solana, Polygon, Arbitrum, Optimism, and Base.

Unlocking Bitcoin's Value

With tBTC, holders can engage in a wide range of financial activities such as borrowing, lending, minting stablecoins, and providing liquidity. This token enables users to maximize their BTC holdings in the DeFi space while maintaining full control over their assets.

A Decentralized Solution

Traditional solutions for bringing Bitcoin to Ethereum often involve sending BTC to a centralized intermediary, who then issues an Ethereum token. This model requires trust in third parties and increases vulnerability to censorship, undermining the foundational principles of Bitcoin.

tBTC addresses these issues by leveraging a randomly selected group of operators running nodes on the Threshold Network. Through the use of threshold cryptography, tBTC ensures that a threshold majority agreement is required before any action is taken with the deposited Bitcoin. This structure mitigates the risk of collusion among operators, enhancing the security of user assets.

Threshold Network

The Threshold Network is a result of the merger between NuCypher and Keep networks, creating a decentralized ecosystem that offers a suite of cryptographic services for web3 applications. Governed by a decentralized autonomous organization (DAO), the network's flagship services include:

• Threshold Access Control (TACo): Enabling secure, end-to-end encrypted data sharing.
• tBTC v2: The only decentralized and permissionless Bitcoin-to-Ethereum asset bridge.
• thUSD: An overcollateralized, decentralized stablecoin utilizing both ETH and tBTC as collateral.

Join the DeFi Revolution

By minting tBTC, users can effortlessly participate in the DeFi landscape, enjoying the benefits of decentralized finance while ensuring the security of their Bitcoin holdings. Whether you're looking to earn yields, provide liquidity, or utilize tBTC as collateral for thUSD, this token represents a pivotal advancement in the integration of Bitcoin into the decentralized finance ecosystem.