tBTC

tBTC is a core piece Acre's architecture which provides a non-custodial and decentralized bitcoin tokenization service, that allows mainnet bitcoin to be securely used on Ethereum and beyond. tBTC is maintained and operated by the Threshold Network DAO. Unlike other wrapped tokens, tBTC utilizes a system of decentralized nodes rather than a single centralized custodian. tBTC is supported on the largest DeFi, restaking and bitcoin L2 protocols, which increases the different sources of bitcoin yield for Acre.

Security

tBTC is the cross-chain coordination layer for Bitcoin. It gives Bitcoin wheels, making it transferable and usable across chains. tBTC is fully backed and redeemable to BTC.

Anyone can deposit BTC to mint tBTC to the provided Ethereum wallet.

tBTC is secured by the Threshold Network. tBTC requires a threshold majority signature (51 out of 100) before Threshold node operators can perform mint and burn functions requested by the user. You can learn more about tBTC minting here.

For Acre, BTC deposits are bridged to tBTC and then used for economic security across multiple protocols and chains.