The Hyperliquid BTC 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 Additionally, there may be incomplete or outdated research.

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Hyperliquid BTC

Overview

Status

Mainnet

Type

Reserve

BTC Supply

₿0

Hyperliquid BTC is a BTC-denominated asset available to Hyperliquid users. BTC backing this asset is secured by a 2/3 MPC scheme.

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 multiple custodians. Users trust this group with maintaining the peg with BTC.

Assessment

Asset Custody

Users trust 2/3 signers participating in the Unit Protocol

The Unit Protocol consists of a network of 3 guardians participating in an MPC scheme. These guardians are responsible for securing the BTC backing a BTC-denominated asset on Hyperliquid. They are also responsible for executing signing events related to the asset.

Source

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.