The Allo alloBTC page of Bitcoin Layers is under development.

We have not yet implemented our proof-of-reserves and therefore cannot assure you that wrappers are fully backed, 1:1, with BTC. Please use caution interacting with these wrapped BTC assets. Additionally, there may be incomplete or outdated research.

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Allo alloBTC

Overview

Status

Mainnet

Type

Liquid Staking

BTC Supply

₿0

AlloBTC is a BTC wrapped asset. It is under review.

BTC Supply

Total supply per day

Supplycoming soon

TVL Data Coming Soon

We're currently gathering and building data infrastructure for this network. TVL analytics will be available soon.

Token Contracts

Token Contracts Coming Soon

We're working to collect the various BTC-backed token contracts for this network. Contract addresses will be available soon.

Risk Summary

Users do not have unilateral claims on native BTC.

BTC backing this asset is secured by a centralized custodian. Users trust this single entity with maintaining the peg with BTC.

Assessment

Asset Custody

BTC backing AlloBTC is held in custody by Cobo, a centralized exchange.

BTC backing AlloBTC is custodied by Cobo, a centralized exchange. Cobo offers a 2/2 MPC custody solution where they co-custody funds along with protocols leveraging their servives. AlloBTC has not disclosed if this is the case in their documentation or marketing materials.

Source

Further sections to be reviewed

Aspects related to minting & burning, key management, transaction signing, and proof-of-reserves have not been reviewed. We are currently reviewing these sections.

This project is under review

We are currently evaluating this project's technical implementation and categorization.