Ask about Stroom
Logo of StroomStroom
Total Value Locked$21,151

TVL by Chain

Bitcoin$21,151

Key Metrics

Total Raised$3.5m

Aug 31, 2023$3.5mRound: SeedInvestors: Greenfield Capital, Lemniscap, No Limit Holdings, Cogitent Ventures, Mission Street Ventures, SMAPE Capital, Unicorn Factory Ventures

Protocol Information

Stroom is an economically secured yield-bearing BTC protocol, designed to solve two major BTC bridge problems: counterparty risk and opportunity cost. strBTC (Stroom BTC) is a wrapped Bitcoin asset, 1:1 backed by Bitcoin, created by Stroom to provide both native BTC yield generation and economic security.

CategoryLiquid Staking

Audits:

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Methodology

TVL: TVL equals BTC reserves tracked on Bitcoin. We read the aggregated reserve value from Stroom's on-chain PoR oracle on Ethereum (denominated in satoshis), divide by 1e8 to get BTC, and report it as bitcoin (USD pricing from BTC).View code on GitHub

Competitors

VaultLayer ($386.1)