Introduction

anetaBTC is a wrapped Bitcoin protocol on Cardano.

Overview

AnetaBTC is a protocol that allows Bitcoin to be directly wrapped on the Cardano and Ergo blockchains. This allows Bitcoin holders to access the full value of their assets in a secure and efficient manner, enabling them to utilize Cardano decentralized exchanges (DEXs), participate in lending protocols, and more.

AnetaBTC serves a similar purpose to wBTC, which is a 1:1 BTC-backed token on the Ethereum blockchain. wBTC is currently the largest wrapped Bitcoin protocol, with over $4 billion of locked Bitcoin value. However, unlike wBTC, the AnetaBTC protocol will evolve to become fully decentralized through three versions.

In August 2023, we launched our v1 mainnet on Cardano.

The number of cBTC in circulation can be tracked here and cBTC can be traded here.