The Manta mBTC 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 Additionally, there may be incomplete or outdated research.

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Manta mBTC

Overview

Status

Mainnet

Type

Reserve

BTC Supply

₿0

Manta mBTC is a wrapped BTC asset available on various networks. It is backed by other wrapped BTC 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

mBTC is backed by other wrapped assets. Funds backing mBTC are secured by Ceffu, a centralized institution

mBTC is backed by BitGo wBTC and Binance BTCB. When users exchange these funds for mBTC, reserve assets are secured by vaults managed by Ceffu, an centralized institution.

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.