The Stacks sBTC page of Bitcoin Layers is under development.

We have not yet implemented our proof-of-reserves and therefore cannot assure you that wrappers are fully backed, 1:1, with BTC. Please use caution interacting with these wrapped BTC assets. Additionally, there may be incomplete or outdated research.

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Stacks sBTC

Overview

Status

Mainnet

Type

Reserve

BTC Supply

₿0

Stacks sBTC is a BTC-backed reserve asset that is native to the Stacks blockchain. BTC backing sBTC is secured by an 10/14 federation.

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 federation of signers. Users trust this federation with maintaining the peg with BTC.

Assessment

Asset Custody

Users trust a federation of 14 signers with securing BTC that backs sBTC

Stacks sBTC implements a federation of 14 publicly known signers to secure the BTC backing sBTC. These signers are publicly known institutions.

Withdrawals are not currently enabled for sBTC. If withdrawals are not activated, users will not be able to redeem BTC for sBTC.

Users can find the sBTC signer set here.

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.