eBTC Protocol
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Protocol TVL
About eBTC Protocol
eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. It is backed exclusively by Lido's stETH and powered by immutable smart contracts with minimized counterparty reliance. It is designed to be the most decentralized synthetic Bitcoin in DeFi and offers the ability for anyone in the world to borrow BTC at no cost.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How eBTC Protocol's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
Adds the total amount of collateral in the active pool and the collateral surplus pool of the eBTC protocol.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
eBTC Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Apr 26, 2024Listed on DeFiLlama
Protocol Profile
eBTC Protocol is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Ethereum.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
eBTC Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices.
Official Resources & Links
Verified external resources for eBTC Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
eBTC Protocol is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether eBTC Protocol's own TVL is at the top, middle, or tail of the category.
Recent eBTC Protocol news
Latest reporting from major crypto news outlets covering eBTC Protocol.
- The Block
BadgerDAO releases ‘purple paper' for eBTC synthetic bitcoin using stETH
BadgerDAO has released its eBTC Protocol "purple paper," introducing a censorship-resistant synthetic bitcoin for DeFi.
- Coindesk
Echo Protocol suffers $76 million exploit in eBTC minting attack on Monad
The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain
- The Block
BTCFi protocol Echo exploited, targeting eBTC market on Monad: onchain analysts
BTCFi protocol Echo was exploited, with the attacker minting 1,000 eBTC on Monad and using it as collateral to borrow WBTC.
- Bitcoinist
Crypto Hack Hits Echo As Monad's eBTC Market Faces Fallout
Echo Protocol is investigating a security incident involving its bridge on Monad after crypto on-chain analysts said an attacker minted 1,000 eBTC and used part of the position to…
- Decrypt
Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
Echo Protocol said that a compromised admin key had enabled unauthorized eBTC minting on its Monad deployment.
- Blockonomi
Echo Protocol Suffers $816K Loss After Admin Key Compromise on Monad Network
Admin key compromise on Monad leads to $816K loss as Echo Protocol burns attacker's 955 eBTC
- BeInCrypto
Echo Protocol Joins THORChain, Verus as May Hack Count Reaches 14
Echo Protocol suffered an exploit on Monad, with an attacker minting 1,000 eBTC worth roughly $76.64 million.
- Crypto Briefing
BadgerDAO's eBTC enables Bitcoin loans collateralized by stETH
BadgerDAO partners with Lido to launch eBTC, allowing users to earn on Bitcoin loans by staking Ethereum collateral with no fees or interest.
Related protocols
Other DeFi protocols connected to eBTC Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
Top protocols on Ethereum
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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