Ask about Stroom

Logo of StroomStroom

Total Value Locked$22,136

TVL by Chain

Bitcoin$22,136

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.

WebsiteGitHubX/Twitter
Category:Liquid Staking

Audits:

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 ($281.04)Lido ($26.449b)Binance staked ETH ($9.993b)ether.fi Stake ($5.167b)JustLend sTRX ($3.312b)Sanctum Validator LSTs ($1.954b)Rocket Pool ($1.396b)Jito Liquid Staking ($1.243b)Binance Staked SOL ($1.224b)Kinetiq kHYPE ($1.038b)

Frequently Asked Questions

What is Stroom's TVL?

Stroom currently has $22,136 in total value locked. TVL has increased 9.4% over the past 30 days.

What chains does Stroom operate on?

Stroom operates on Bitcoin. Bitcoin holds the largest share at 100%.

How does Stroom's TVL compare to similar protocols?

Among Liquid Staking protocols tracked by DefiLlama, Stroom ranks #209 by TVL. The category holds $61.171b across 270 protocols, and Stroom accounts for <0.1% of that total. Other leading protocols include VaultLayer, Lido, Binance staked ETH, ether.fi Stake, JustLend sTRX, Sanctum Validator LSTs, Rocket Pool, Jito Liquid Staking, Binance Staked SOL, and Kinetiq kHYPE.