Simple sBTC
Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
Simple sBTC is a two-way peg managed by the Unisat team. It is used to secure BTC backing sBTC on the Fractal 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.
Risk Summary
Users do not have unilateral claims on native BTC.
BTC backing this asset is secured by a centralized custodian. Users trust this single entity with maintaining the peg with BTC.
Assessment
Asset Custody
A 3/5 multisig secures the BTC backing Simple sBTC
BTC backing Simple sBTC is secured by a 3/5 multisig. Information on who the signers are for this multisig and their signing mechanisms is unavailable.
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.