ICP ckBTC
Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
ckBTC is a BTC-backed reserve asset that can be leveraged on the ICP network.
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 federation of signers. Users trust this federation with maintaining the peg with BTC. ICP governance elects the validators of the subnet repsonsible for managing the ckBTC two-way peg.
Assessment
Asset Custody
Funds are secured by signer set selected by ICP consensus
Users who deposit funds into ckBTC trust a set of operators, who are elected via ICP governance, with the custody of their bitcoin. The operators of the ‘pzp6e…’ subnet manage the “ckBTC” smart contract module, which is responsible for minting, securing and burning bitcoin-backed tokens on the ICP sidechain.
This smart contract is a part of a subnet with 34 node operators. These operators have undergone a KYB process to ICP governance and are publicly known.
This smart contract is a part of a subnet with 34 node operators. These operators have undergone a KYB process to ICP governance and are publicly known.
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.