acreBTC

acreBTC is a non-rebasing ERC4626 deposit token, which represents bitcoin deposited into Acre.

The ERC4626 standard is a tokenized vault standard, which is designed for the efficient management of vaults and rewards.

How Rewards Accrue

As Acre vaults generate rewards, these will automatically accrue to the acreBTC ERC4626 vault. When a user withdraws their bitcoin, or redeems acreBTC, they will receive their deposited bitcoin amount--plus rewards that have accrued during the period of their deposit.

Rebasing vs Non-rebasing tokens

acreBTC is a non-rebasing token, which means that the balance of acreBTC does NOT increase in a users wallet as rewards accrue. Instead, the amount of bitcoin that acreBTC can be redeemed for increases.

Using acreBTC outside of the Acre DApp

You can view your acreBTC balance anytime inside the Acre DApp. Note that there is no way to mint or move your acreBTC deposit token outside of the Acre Dapp. Any future decision to allow for minting or moving acreBTC will be voted on by the Acre DAO.