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.
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 GitHubCompetitors
Frequently Asked Questions
What is SUBFROST's TVL?
SUBFROST currently has $8.28m in total value locked. TVL has increased 14.8% over the past 30 days.
What chains does SUBFROST operate on?
SUBFROST operates on 2 chains: Ethereum and Bitcoin. Bitcoin holds the largest share at 99.6%.
How does SUBFROST's TVL compare to similar protocols?
Among Decentralized BTC protocols tracked by DefiLlama, SUBFROST ranks #3 by TVL. The category holds $378.2m across 5 protocols, and SUBFROST accounts for 2.2% of that total. Other leading protocols include tBTC, Chain Fusion, Zeus Network, and iBTC Network.