The Acorn aBTC page of Bitcoin Layers is under development.

We have not yet implemented our proof-of-reserves and therefore cannot assure you that wrappers are fully backed, 1:1, with BTC. Please use caution interacting with these wrapped BTC assets. Additionally, there may be incomplete or outdated research.

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Acorn aBTC

Overview

Status

Deposits Live

Type

Liquid Staking

BTC Supply

₿0

Acorn aBTC is a BTC-backed reserve asset that looks to live across various EVM chains.

Assessment

Asset Custody

Users trust operators of a multi-signature wallet with the custody of BTC backing aBTC

Users of aBTC reportedly trust a multi-signature wallet to secure the funds backing aBTC. Acorn's documentation mentions that a multi-signature wallet, supported by HSMs, is responsible for securing funds that back aBTC. Acorn has not disclosed the operators of this wallet.

Users trust Acorn's claims in their documentation are being executed in practice.

Source

Further sections to be reviewed

Aspects related to minting & burning, key management, transaction signing, and proof-of-reserves have not been reviewed. We are currently reviewing these sections.