Ask about SUBFROST

Logo of SUBFROSTSUBFROST

Total Value Locked$10.45m

TVL by Chain

Bitcoin$9.09m

Ethereum$1.36m

Protocol Information

SUBFROST is a decentralized signing network that issues frBTC and frUSD, trust-minimized assets which power the ultimate UX on Bitcoin L1. SUBFROST's portfolio of apps deliver this UX directly to end-users, and its API products enable developers to build the next generation of advanced crypto applications.

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Category:Decentralized BTC

Methodology

TVL: Total value of the collateral held by the transparent and verifiable SUBFROST signing group. On bitcoin, all BTC backing frBTC across both deployments, Alkanes and BRC2.0. On ethereum, the collateral backing frUSD: the USDC and USDT held in the frUSD vault, plus the Curve 3pool position the vault deploys its stablecoins into. The frBTC and frUSD minted against these deposits are not counted separately. Note that the 3CRV portion is also part of Curve's own TVL.View code on GitHub

Competitors

tBTC ($362.94m)Chain Fusion ($25.86m)Zeus Network ($3.8m)iBTC Network ($213.08)

Frequently Asked Questions

What is SUBFROST's TVL?

SUBFROST currently has $10.45m in total value locked. TVL has increased 27.6% over the past 30 days.

What chains does SUBFROST operate on?

SUBFROST operates on 2 chains: Bitcoin and Ethereum. Bitcoin holds the largest share at 86.9%.

How does SUBFROST's TVL compare to similar protocols?

Among Decentralized BTC protocols tracked by DefiLlama, SUBFROST ranks #3 by TVL. The category holds $403.07m across 5 protocols, and SUBFROST accounts for 2.6% of that total. Other leading protocols include tBTC, Chain Fusion, Zeus Network, and iBTC Network.