Bool bBTC logo

Bool bBTC

Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
Bool Network is an infrastructure provider currently managing a wrapped BTC reserve asset, bBTC, for a number of Bitcoin scaling protocols. The Bitcoin wallets it manages are secured by an MPC Protocol.
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
Users trust the Bool Network and various layers to implement secure custody practices for BTC backing bBTC
The Bool Network has not disclosed its custody mechanism for BTC backing bBTC across the various networks its deployed on. In its documentation, it references a custody mechanism that would see an approved entity be able to set up a 2-2 multisig between Bool and the entity.

It is possible this is the set up for bBTC custody across the chains its deployed on. In any case, users trust that Bool Network and the development teams behind specific networks have set up secure custody practices.

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.