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Tokens & Economics

The SUBFROST economy is built on a few native assets that reinforce each other. This page is the map; each asset has its own page or guide with the details.

The assets​

  • frBTC is the base. It is your Bitcoin wrapped 1:1 into a programmable, on-chain form. Everything else is denominated against it. See Wrap & Unwrap BTC and frBTC Peg & Custody.
  • DIESEL is the protocol's native emission, issued on-chain in step with real Bitcoin block production. See DIESEL.
  • FIRE is the rewards and governance token. It rewards the people who provide liquidity to the DIESEL / frBTC pool, through staking and bonds. See FIRE Vault.
  • dxBTC (planned) is a yield-bearing form of Bitcoin.
  • FUEL (planned) is the protocol's governance token.

How they fit together​

The core of the economy is the DIESEL / frBTC liquidity pool:

  • frBTC brings real Bitcoin into the system, backed 1:1.
  • DIESEL is minted on-chain and pairs with frBTC in that pool, so the two trade against each other and give the protocol a native unit of account.
  • FIRE points incentives at exactly that pool: providers of DIESEL / frBTC liquidity earn FIRE, which keeps the pool deep and the market liquid.

Because DIESEL's issuance is anchored to Bitcoin's own block production (see DIESEL), the supply side of the economy is tied to Bitcoin rather than to arbitrary inflation.

Live vs. planned​

  • Live: frBTC (wrap/unwrap, swaps), DIESEL (on-chain emission), FIRE (staking and bonds).
  • Planned: dxBTC (yield vaults), FUEL (governance token), a Bitcoin-native stablecoin (frUSD).

Where to go next​