The Babypie mBTC 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 Additionally, there may be incomplete or outdated research.

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Babypie mBTC

Overview

Status

Deposits Live

Type

Reserve

BTC Supply

₿0

Babypie mBTC is a BTC reserve asset that can be used across various EVM chains.

Assessment

Asset Custody

Users trust an MPC set between Babypie and Cobo to secure funds backing mBTC.

An MPC set up between Babypie and Cobo secures the BTC backing mBTC. Cobo is an institutional custodian provider. Users trust Babypie'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.