Merlin wBTC logo

Merlin wBTC

Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
Merlin wBTC 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 multiple custodians. Users trust this group with maintaining the peg with BTC.
Assessment
Asset Custody
Merlin works with Cobo, a centralized institution, on securing funds backing Merlin wBTC
BTC backing Merlin wBTC is likely secured by Cobo, a centralized institution. When users deposit BTC into the Merlin Chain bridge, they are depositing funds into custodian addresses managed by Cobo.
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.