UniRouter uBTC
Overview
Status
Deposits Live
Type
Liquid Staking
BTC Supply
₿0
uBTC is a liquid staking token that is operated by the UniRouter team. It is live on Bsquared Network.
Assessment
Asset Custody
Users trust UniRouter with their custody practices. UniRouter has not disclosed who manages the BTC backing uBTC.
Users trust that the UniRouter team has set up secure custody practices and has BTC reserves backing uBTC. UniRouter has not disclosed who secures the BTC backing uBTC.
Supply Issuance
Contracts are not verified
There’s no documentation on how the project manages supply issuance.
Censorship Resistance
Contracts are not verified
We cannot currently verify if the token has a blacklist or pause function.
Governance
Contracts are not verified
We cannot currently verify who controls relevant contracts and upgrade mechanisms.
Protocol Transparency
Proof-of-Reserves
The project has not published a Proof-of-Reserves. Users trust that the custodians holding native BTC backing the derivative asset to have ample reserves.
External operators disclosed
Operators of the protocol are not publicly disclosed.
Redemptions enabled and documented
Redemptions are enabled. The project has not disclosed how redemptions are processed in their documentation.
Contracts are open-source and verified
Contracts related to the project are not source viewable and verified.