Acre Documentation
WebsiteAppBlogDiscordX
  • Introduction
    • What is Acre
  • Key Concepts
    • Overview
    • Acre Dispatch Service (ADS)
    • Decentralized Bridged Bitcoin
    • Fees
    • Deposit & Withdraw Durations
    • Supported Wallets
    • Lockups
    • stBTC
  • Acre DApp
    • Acre Dashboard
    • How to Sign In
    • How to Deposit
    • How to Withdraw
  • Acre Points Programs
    • Points for Bitcoin Depositors
      • Acre Points
      • Vault Partner Mezo: mats
    • Acre Community Engagement Points
      • FryFi: tots
      • HiveFi: bees
  • FAQ
  • Contracts
    • Addresses
      • Mainnet
      • Testnet
    • API
      • stBTC
      • BitcoinDepositor
      • BitcoinRedeemer
      • MezoAllocator
Powered by GitBook
On this page
  • Flow of Funds
  • Withdrawals

Was this helpful?

  1. Key Concepts

Overview

PreviousKey ConceptsNextAcre Dispatch Service (ADS)

Last updated 3 months ago

Was this helpful?

Acre is a simple bitcoin-in bitcoin-out experience, to compound your bitcoin.

Flow of Funds

Bitcoin deposits into Acre are first used to mint tBTC (a fully permissionless and decentralized wrapped-bitcoin token) to Ethereum. tBTC is then used to provide economic security to protocols such as bitcoin-L2s, re-staking protocols, lending, and insurance markets across the EVM ecosystem and beyond.

Bitcoin L2s are similar to all other proof-of-stake chains and provide rewards in exchange for economic security and bootstrapping liquidity. These rewards auto-compound into tBTC and are fully-redeemable to mainnet bitcoin.

In the future, Acre may support additional forms of tokenized bitcoin for deposit in addition to the minting and movement of stBTC, the deposit receipt ERC-4626 token for DeFi.

Withdrawals

BTC or stBTC can be redeemed for the underlying BTC and associated rewards at any time, however there is a withdrawal delay and fee associated with each transaction. This withdrawal delay is due to pulling the underlying tokenized Bitcoin out of the smart contract and trustlessly redeeming back to the Bitcoin network.

Bitcoin Layer 2 Flow of Funds - 1 Acre Vault with stBTC