Nomic nBTC
Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
nBTC is the native token for the Nomic network. Nomic is a proof-of-stake blockchain prioritizing distributed BTC custody
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.
Risk Summary
Users do not have unilateral claims on native BTC.
BTC backing this asset is secured by a signers participating in a proof-of-stake network. Users trust these signers with maintaining the peg with BTC.
Assessment
Asset Custody
BTC backing nBTC managed by a group of 20 publicly known signers who participate as validators in the Nomic blockchain
Users deposit BTC into a Reserve Wallet to receive nBTC on Nomic. The Reserve Wallet is a Bitcoin L1 multisig wallet managed by the Nomic signatory set. The Nomic signatory is made up of the top 20 Nomic validators measured by weighted stake.
Becoming a signatory requires staking NOM tokens. Disbursing funds from the reserve wallet requires a 2/3s threshold, weighted by voting power through NOM tokens.
Becoming a signatory requires staking NOM tokens. Disbursing funds from the reserve wallet requires a 2/3s threshold, weighted by voting power through NOM tokens.
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.
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.