The Bedrock brBTC 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 Additionally, there may be incomplete or outdated research.

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Bedrock brBTC

Overview

Status

Mainnet

Type

Reserve

BTC Supply

₿0

Bedrock brBTC is BTC-denominated asset backed by other derivative assets.

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 multiple custodians. Users trust this group with maintaining the peg with BTC.

Assessment

Asset Custody

Bedrock brBTC is backed by various wrapped BTC assets

Bedrock brBTC is a derivative asset backed by other wrapped BTC assets. When depositing funds for brBTC, users take on smart contract risks in addition to the custodian risk related to the backing asset.Bedrock brBTC may be backed by uniBTC, FBTS, cbBTC, wBTC, M-BTC, or BTCB.

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.