Side sBTC
Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
Side sBTC is a BTC-backed asset that lives on the Side protocol. It can be used across various applications and is also one of the network's gas tokens.
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 signers participating in a proof-of-stake network. Users trust these signers with maintaining the peg with BTC.
Assessment
Asset Custody
21 Side Chain validators are signers securing BTC backing sBTC
BTC backing Side sBTC is secured by a subset of its validators participating in a threshold signature scheme. 21 validators are given the right to participate as a signer in this set up.
These signers are publicly disclosed entities.
These signers are publicly disclosed entities.
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.