shBTC

shBTC is the cornerstone of the StrongHodl protocol. It is a synthetic token that represents Bitcoin at a 1:1 ratio, designed for use on DeFi platforms. Users can convert their Bitcoin to shBTC through a staking process and then utilize this synthetic token within the DeFi ecosystem.

Key Features:

  • 1:1 Backed by BTC: Each shBTC is fully backed by Bitcoin, ensuring stability and security.

  • Multichain: shBTC will initially be available on Ethereum and Solana, with plans for broad integration across major existing and future chains. This ensures that shBTC becomes widely accepted as a liquid Bitcoin asset, thanks to its 1:1 backing, maximizing accessibility and utility in the rapidly expanding DeFi landscape.

  • DeFi Usability: shBTC can be used in all yield strategies across DeFi ecosystems.

  • Native Yields: Holding the shBTC token automatically generates passive income.

StrongHodl Security and Partnerships StrongHodl’s commitment to security is reinforced through partnerships with industry leaders. The Security Control Center ensures a safe staking environment by conducting regular audits, monitoring threats, and coordinating with a network of security experts.

In Summary StrongHodl provides an innovative solution for Bitcoin holders to earn rewards while maintaining the flexibility and security of their assets. By integrating BTC into the DeFi world through shBTC, the protocol unlocks new yield opportunities and fosters an active community within a decentralized environment.

Last updated