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Side Protocol

Overview
Status
Mainnet
Type
PoS Network
Fee Token
SBTC
BTC Supply
Unavailable
Side Protocol is a Proof-of-Stake blockchain for BTC-denominated applications. It runs on CometBFT consensus.
CUSTODY
DATA AVAILABILITY
OPERATORS
FINALITY ASSURANCE
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
All BTC pegs have custodian trust assumptions
The BTC backing the official wrapped bitcoin asset is managed by a federation. Users trust that this federation of custodians will not misappropriate funds and keep their assets pegged 1:1. If the federation becomes compromised, it can unilaterally steal users' funds. The network may support other wrapped BTC assets with different trust assumptions.
The network is an alternative blockchain
The network is an alternative blockchain. Users trust the economic security of the network to deter validators from censorship and creating malicious peg outs.
Trust Assumption Review
BTC Custody
High
🚨
Side sBTC is managed by a federation made up of a portion of its validator set
Side sBTC is managed by 21 signers who additionally participate as validators in Side's proof-of-stake consensus.

These signers participate in a TSS network that where trusted validators perform signing duties for sBTC abd Side Chain.
Data Availability
Alternative PoS Network
⚠️
Data availability is satisfied by Side's full node set
Data relative to the network's state is stored and made available by its full node set. Anyone can run a full node and verify the state of the network.
Block Production
Alternative PoS Network
⚠️
Side protocol is operated by an alternative PoS network
The network's blocks are constructed by a distributed validator set. Validators participate in a proof-of-stake consensus network. Anyone with sufficient resources and token stake can become a validator and participate in block production.
State Validation
Alternative PoS Network
⚠️
Side protocol users CometBFT for consensus
The network uses CometBFT for consensus. Like Tendermint, the protocol on which CometBFT is based, CometBFT has single-slot finality, meaning that blocks cannot be re-organized once they are part of the canonical blockchain. More than ⅔ of validator voting power must sign commit votes to finalize a block. If validators attempt to commit multiple blocks at the same block height, their stake will be slashed.
Bitcoin Security
Side does not inherit any security from bitcoin
In its current state, the network does not inherit security from Bitcoin.
sBTC or SIDE token used to pay fees
Users can pay fees in sBTC or SIDE on the Side Protocol
No MEV introduced to bitcoin
The network does not introduce any MEV on the Bitcoin L1. Users trust the validators of the network to not reorder their transactions to extract MEV.
Side does not contribute to the security budget
In its current state, the network does not inherit security from Bitcoin.
Technology
Side Chain is IBC=compatible
This protocol has implemented support for IBC, enabling users to transfer their tokens to other supported IBC-enabled blockchains. IBC, or the Inter-Blockchain Communication protocol, is a blockchain interoperability standard that enables connected chains to transfer assets and messages between each other.
Use cases
Side Chain offers a variety of financial applications
Onchain applications are supported. Onchain applications include borrowing and lending protocols, onchain exchanges (commonly referred to as decentralized exchanges), and more. These applications are supported with more expressive smart contract environments.