dlcBTC (dlcBTC) Arbitrum

Launched in 2024, dlcBTC is a decentralized wrapped Bitcoin designed to bring the security and control of Bitcoin to the DeFi ecosystem. Unlike traditional wrapped Bitcoin tokens, dlcBTC ensures that merchants (institutions with more than 10 BTC) retain full ownership of their assets throughout the holding process.
Merchants can mint dlcBTC by locking their Bitcoin in a secure, self-custodial manner using Discreet Log Contracts (DLCs). This allows them to access DeFi opportunities on Ethereum, Arbitrum, Base, and other EVM-compatible chains while maintaining complete control over their Bitcoin.
All users can then utilize dlcBTC within DeFi for various yield generation activities, such as staking, lending, borrowing, liquidity farming, and trading. By leveraging dlcBTC, users benefit from its enhanced security, Bitcoin-native foundation, and seamless cross-chain functionality.