risk managerGauntletcomp.xyz
↓Deprecation of Linea and Mantle Comets
The Compound III USDe market on Mantle where FBTC serves as collateral has seen limited adoption and is being deprecated. New supply is being capped at zero.
Overview
Function FBTC(FBTC)
Token Price$59,569
24h Change-1.08%
All Time HighOct 6, 2025$127,954
All Time LowSep 10, 2024$11,470
Key Metrics
Market Cap$636.94m
Fully Diluted Valuation$636.94m
Circ. Supply10,693 FBTC
Volume 24h$6,017
CEX Volume$0
DEX Volume$6,076
Risks
How much debt can be issued against FBTC as collateral across lending protocols.
Maximum possible exposure to FBTC
$5.55m
$18,816 (max additional borrows against FBTC) + $5.53m (bad debt if FBTC was hacked now)
Aave V3
$5.55m at-risk exposure = $5.53m bad debt if hacked + $18,816 additional borrowable against FBTC
Methodology and limitations
Showing collateral exposure for FBTC on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for FBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
FBTC0xc96de26018a54d51c097160568752c4e3bd6c364 | $18,816 | $5.53m |
Risk Timeline
Risk-management actions published about FBTC by tracked risk managers and governance contributors, newest first.
contributor@AllezLabsgov.kamino.finance
↓Kamino Lend April 2026 Risk Insights
The KelpDAO rsETH incident prompted precautionary reduce-only status for FBTC on April 18 due to its LayerZero bridging, allowing users to withdraw but preventing new deposits and borrows amid heightened cross-chain risk awareness.
risk managerGauntletcomp.xyz
↓Supply Cap Reductions Across L2 Comets
FBTC has moderate 3.4% utilization in Mantle USDe Comet, so its cap is being adjusted ~25% above current supply to match organic demand and reduce the unused risk surface vulnerable to long-tail collateral exploits.
risk managerLlama Riskllamarisk.com
↑Core & Base BTC Correlated Asset Update
uOptimal changes and E-mode additions supported on Core and Base ahead of full onboarding, to facilitate leveraged looping strategies with LBTC and other BTC correlated assets.
risk managerLlama Riskllamarisk.com
↑LlamaRisk Monthly Community Update November 2024
Productive discussions with the Ignition team confirm solid asset architecture, supporting the onboarding of FBTC to Aave v3 Main Market on Ethereum.
contributor@ACIgovernance.aave.com
↑Add FBTC to Aave v3 Main Market on Ethereum
FBTC provides a secure, decentralized alternative to WBTC using Threshold Signature Scheme for cross-chain Bitcoin scalability, backed by reputable contributors like Antalpha and Mantle with over $850M TVL. Its $480M TVL, upcoming Chainlink Oracle integration, and Ignition's liquidity incentives including boosted rewards on Aave aim to drive significant deposits and AUM growth.
risk managerLlama Riskllamarisk.com
↑Add FBTC to Aave V3 Main Market on Ethereum
FBTC, a wrapped Bitcoin from Ignition, shows strong growth in its locked yield-bearing variant (6.6K BTC TVL) and complies with ERC20 standards backed 1:1 by BTC via Chainlink Proof of Reserves, enabling new DeFi utility for BTC. Despite liquidity concentrated in a single Uniswap LP and restrictions to qualified users, its audited smart contracts, tight peg to WBTC, and custody by a security council of established partners like Cobo and Mantle make it suitable for onboarding with conservative parameters.
contributor@ACIgovernance.aave.com
↑Add FBTC to Aave v3 Main Instance on Ethereum
FBTC is a secure cross-chain BTC wrapper using Threshold Signature Scheme and multi-party computation for decentralized bridging, with $480M TVL and upcoming Chainlink Oracle integration. Onboarding enables Bitcoin holders to leverage their assets in DeFi on Aave, boosting liquidity and protocol engagement similar to cbBTC's successful rollout.
Token Usage
An is required to view token usage.
Liquidations
An is required to view token liquidations.
Yields
Tracking 5 pools, average APY 0.00%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabFBTC | $10.39m | 0% | 0% | 0% | |||||
| open in new tabWBTC-FBTC0.3% | $6.36m | 0% | 0% | 0.05% | |||||
| open in new tabFBTCMain Market | $3.01m | 0% | 0% | 0% | |||||
| open in new tabFBTC | $2.55m | 0% | 0% | 0% | |||||
| open in new tabCBBTC-FBTC | $2.27m | 0% | 0% |
Borrow
Showing 10 of 176 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabFBTC ➞ JITOSOL | $16.79m | -0.01% | 0% | -0.01% | 73% | $10.45m | $59,809 | ||
| open in new tabFBTC ➞ JITOSOL | $16.79m | -0.01% | 0% | -0.01% | 70% | $3.01m | $0 | ||
| open in new tabFBTC ➞ XBTC | $12.71m | -0.14% | 0% | -0.20% | 70% | $3.01m | $0 | ||
| open in new tabFBTC ➞ XBTC | $12.71m | -0.14% | 0% | -0.20% | 73% | $10.45m | $59,809 | ||
| open in new tabFBTC ➞ MSOL | $2.6m | -0.01% | 0% | -0.01% | 73% | $10.45m | $59,809 | ||
| open in new tabFBTC ➞ MSOL | $2.6m | -0.01% | 0% | -0.01% | 70% | $3.01m | $0 | ||
| open in new tabFBTC ➞ WBTC | $673,759 | -0.01% | 0% | -0.01% | 73% | $10.45m | $59,809 | ||
| open in new tabFBTC ➞ WBTC | $673,759 | -0.01% | 0% | -0.01% | 70% | $3.01m | $0 | ||
| open in new tabFBTC ➞ JTO | $496,994 | -0.01% | 0% | -0.01% | 73% | $10.45m | $59,809 | ||
| open in new tabFBTC ➞ JTO | $496,994 | -0.01% | 0% | -0.01% | 70% | $3.01m | $0 |
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