π Overview
π What Is CoBTC
CoBTC is the first non-custodial Bitcoin product designed for DeFi. It offers a permissionless exit path for Bitcoin holders β enabling users to unlock leveraged yields without surrendering custody. Your Bitcoin stays in your wallet, under your control.
Built on Coffer Networkβs multi-sig API, CoBTC ensures security and transparency through on-chain vaults. It is proudly partnered with ViaBTC, the worldβs third-largest mining pool and a strategic investor in the project.
CoBTC represents a breakthrough in Bitcoin-native DeFi β combining self-custody, yield generation, and permissionless finance in a single product.
Join us in redefining what's possible with Bitcoin.
π Key Features
1. π Built on Multi-Signature API
CoBTC utilizes Coffer Networkβs native multi-signature technology to ensure secure, non-custodial Bitcoin management.
2. π ERC-20 Standard
CoBTC is fully ERC-20 compliant, enabling seamless integration across EVM-compatible chains and DeFi platforms.
3. π Off-Chain Contract Mechanism
Staking terms are governed by signed off-chain agreements, offering both legal clarity and operational flexibility.
4. β οΈ Slash Implementation
A 0.1% BTC pledge is at risk. In case of contract breach, it is automatically slashed to the protocol treasury β aligning incentives and ensuring accountability.
5. π§ Smart Contract Controls
Governance-enabled permissions include:
- Pause the protocol during emergencies
- Freeze individual accounts (e.g., in case of suspected abuse)
- Mint and burn CoBTC tokens to manage supply
6. π Leveraged Yield Opportunities
Earn yield on 100% of your Bitcoin while retaining full custody β only a small fraction (0.1%) is ever at risk.