Solv SolvBTC.ENA
Overview
Status
Mainnet
Type
Yield
BTC Supply
₿0
SolvBTC.ENA offer a mechanism that enables users to deposit SolvBTC into smart contracts on EVM-based chains. Users receive a token representing BTC deposited on Ethena in exchange for their wrapped BTC token.
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.
Assessment
Asset Custody
This peg is under review.
SolvBTC.ENA is a derivative asset that represents SolvBTC locked in a vault executing a trading strategy.
SolvBTC claims to be partially backed by native BTC managed by custodian providers. It’s been stated that Copper, Ceffu, Fireblocks, and Cobo are custodial providers securing BTC that partially backs SolvBTC. It's additionally backed by various BTC-derivative assets; BTCB, wBTC, FBTC, cbBTC, BTC.b, and tBTC.The token is backed by SolvBTC.
Users expose themselves to smart contract and application risks when depositing funds into SolvBTC.ENA.
SolvBTC claims to be partially backed by native BTC managed by custodian providers. It’s been stated that Copper, Ceffu, Fireblocks, and Cobo are custodial providers securing BTC that partially backs SolvBTC. It's additionally backed by various BTC-derivative assets; BTCB, wBTC, FBTC, cbBTC, BTC.b, and tBTC.The token is backed by SolvBTC.
Users expose themselves to smart contract and application risks when depositing funds into SolvBTC.ENA.
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.