Ask about BTCD

Logo of BTCDBTCD

Total Value Locked$222,968

TVL by Chain

Ethereum$220,800

Arbitrum$2,168

Protocol Information

BTCD is a 50/50 BTC/USD balanced base token that pairs with sBTCD (its yield-bearing staked counterpart) and FISC (governance) to form a novel DeFi primitive on Ethereum. Yield is generated primarily through productive asset allocation across BTC and USD sleeves, with internal RFQ rebalancing between vaults handling exposure shifts as BTC moves.

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Category:Yield

Audits:

Methodology

TVL: On-chain collateral across the protocol's custody contracts and eight driver contracts. Most value is captured by ERC-20 balanceOf (including Curve gauge tokens, fLiteUSD shares, and Aave V3 variable-debt WBTC — priced negatively to net out carry-trade debt); the YieldBasis LT and Morpho Blue supply positions are read explicitly. Arbitrum holds the GMX V2 sleeve. Off-chain custody is not included.View code on GitHub

Yields

Pools Tracked1

Average Supply APY8.21%

Competitors

Spark Savings ($1.323b)Pendle V2 ($1.248b)Convex Finance ($626.79m)Stake DAO Yield ($156.19m)AUTOfinance ($41.96m)Royco V2 ($19.69m)Spectra V2 ($19.6m)Equilibria ($14.54m)Aura ($10.77m)Harmonix Finance ($7.5m)

Frequently Asked Questions

What is BTCD's TVL?

BTCD currently has $222,968 in total value locked. TVL has decreased 87.6% over the past 30 days.

What chains does BTCD operate on?

BTCD operates on 2 chains: Ethereum and Arbitrum. Ethereum holds the largest share at 99%.

How does BTCD's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, BTCD ranks #131 by TVL. The category holds $4.688b across 574 protocols, and BTCD accounts for <0.1% of that total. Other leading protocols include Spark Savings, Pendle V2, Convex Finance, Stake DAO Yield, AUTOfinance, Royco V2, Spectra V2, Equilibria, Aura, and Harmonix Finance.

How many yield pools does BTCD have?

DefiLlama tracks 1 BTCD yield pool with an average APY of 8.2%.