dlcBTC
Decentralized Wrapped Bitcoin
What is dlcBTC?
dlcBTC is a non-custodial representation of Bitcoin on the Ethereum blockchain.
How Does It Work?
Discreet Log Contracts (DLCs) ensure only depositors can access locked Bitcoin, without third-party custody risks.
Why is It Safer?
With dlcBTC, the DLC lockbox only pays out to the depositor. If hacked, only the original depositor can receive the BTC deposit.
Earn Passive Income
Use dlcBTC in liquidity pools for fast, secure trades while earning passive income on your assets.
Invest to Earn Yields
Back your investments with dlcBTC, connecting your Bitcoin to DeFi without converting it.
Take DeFi Loans
Take stablecoin loans on dlcBTC, utilizing the transparency of blockchain without adding counterparty risks.
How Does dlcBTC Improve on wBTC?
Custody
Blockchain Security
Anti-Theft Design
dlcBTC
Self-custodied. Users maintain control over their Bitcoin.
Self-custodied. Users maintain control over their Bitcoin.
dlcBTC
Secured by the Bitcoin network's full hashrate.
Secured by the Bitcoin network's full hashrate.
dlcBTC
Designed to prevent theft; only allows BTC to return to its owner.
Designed to prevent theft; only allows BTC to return to its owner.
wBTC
Custodian-controlled. Trust in a third party required.
Custodian-controlled. Trust in a third party required.
wBTC
Security depends on off-chain transactions with a single custodian.
Security depends on off-chain transactions with a single custodian.
wBTC
Potential risk of theft based on custodian's security protocols.
Potential risk of theft based on custodian's security protocols.