The Side sBTC 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 Additionally, there may be incomplete or outdated research.

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Side sBTC

Overview

Status

Mainnet

Type

Reserve

BTC Supply

₿0

Side sBTC is a BTC-backed asset that lives on the Side protocol. It can be used across various applications and is also one of the network's gas tokens.

Assessment

Asset Custody

21 Side Chain validators are signers securing BTC backing sBTC

BTC backing Side sBTC is secured by a subset of its validators participating in a threshold signature scheme. 21 validators are given the right to participate as a signer in this set up.

These signers are publicly disclosed entities.

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.