Ask about eBTC Protocol
Logo of eBTC ProtocoleBTC Protocol
Total Value Locked$5,657.2

TVL by Chain

Ethereum$5,657.2

Protocol Information

eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. It is backed exclusively by Lido's stETH and powered by immutable smart contracts with minimized counterparty reliance. It is designed to be the most decentralized synthetic Bitcoin in DeFi and offers the ability for anyone in the world to borrow BTC at no cost.

Category:CDP

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Methodology

TVL: Adds the total amount of collateral in the active pool and the collateral surplus pool of the eBTC protocol.View code on GitHub

Competitors

Sky Lending ($5.666b)USDD ($1.428b)Liquity V1 ($141.14m)Liquity V2 ($72.57m)crvUSD ($71.46m)Frankencoin ($68.65m)Reservoir Protocol ($32.97m)Inverse Finance FiRM ($19.91m)BIMA CDP ($7.28m)Inverse Finance Frontier ($4.86m)

Frequently Asked Questions

What is eBTC Protocol?

eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. It is backed exclusively by Lido's stETH and powered by immutable smart contracts with minimized counterparty reliance. It is designed to be the most decentralized synthetic Bitcoin in DeFi and offers the ability for anyone in the world to borrow BTC at no cost.

What is eBTC Protocol's TVL?

eBTC Protocol currently has $5,657.2 in total value locked. TVL has increased 21.1% over the past 30 days.

What chains does eBTC Protocol operate on?

eBTC Protocol operates on Ethereum. Ethereum holds the largest share at 100%.

How does eBTC Protocol's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, eBTC Protocol ranks #128 by TVL. The category holds $8.046b across 191 protocols, and eBTC Protocol accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.