dBTC

Bitcoin backed dAsset.

• dBTC represents a 1:1 claim on BTC backed collateral (wBTC, cbBTC held with MPC custodians).

• Enables BTC holders to earn sustainable on-chain yield from delta-neutral strategies without giving up BTC exposure.

• Yield generated in BTC terms; distributed to staked dBTC holders.

• Composable within DeFi (LPs, lending markets, derivatives).

• 1:1 redemption for BTC collateral after settlement period. (~1 week)