frBTC Overview
Interoperable Wrapped BTC of Bitcoin L1
frBTC is the Bitcoin DeFi-compatible asset pegged 1:1 to BTC and interoperable across every DeFi ecosystem on Bitcoin L1.
This is achieved through a trust-minimized process that locks BTC on the Bitcoin mainnet (Layer-1) and atomically mints a corresponding amount of frBTC for the user.
How can I use frBTC?
SUBFROST has launched frBTC wrapping through partner integrations, like the OYL AMM, iDclub, Ordiscan, Satonomy, and others on Alkanes. This allows users to conveniently wrap/unwrap their BTC without leaving these DeFi applications.
Even better, teams are already integrating the frBTC wrap contract with their own transactions so the user only signs once. The OYL AMM is a great example of this, now delivering one of the best user experiences in Bitcoin.
Users can perform a single signing process to enter advanced DeFi apps on Bitcoin L1 with native BTC, completely abstracting-away the need to wrap their BTC first.
The example below illustrates a user swapping native BTC to a USD stablecoin (or other token), atomically, in a decentralized, permissionless manner. Secured by Bitcoin consensus + FROST & ROAST cryptography.
frBTC is live on Alkanes in ALPHA, and our team has already begun building it into BRC 2.0 (as the 6-byte "fr-BTC" ticker) and Arch Network (via the Titan Indexer).
Learn more about our frBTC roadmap here.