Function FBTC
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Protocol TVL
About Function FBTC
Function is building the standard infrastructure that transforms Bitcoin into a capital-efficient, hyperliquid, and composable asset through ƒBTC (FBTC). By enabling Bitcoin to flow freely across financial markets, Function is positioning BTC as the reserve asset for both traditional and decentralized finance. ƒBTC is powered by core contributors Antalpha Prime, Mantle, and Galaxy Digital.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Function FBTC Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Aug 5, 2024Listed on DeFiLlama
Protocol Profile
Function FBTC is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed on Bitcoin. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Function FBTC is a single-chain protocol, deployed exclusively on Bitcoin — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk.
Official Resources & Links
Verified external resources for Function FBTC — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Bridge protocols on Mantapex
Function FBTC is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure $30.4B in deposits, giving you a frame of reference for whether Function FBTC's own TVL is at the top, middle, or tail of the category.
Recent Function FBTC news
Latest reporting from major crypto news outlets covering Function FBTC.
- Crypto news
Function raises $10M seed round led by Galaxy to launch first fully reserved, composable Bitcoin yield product
Crypto infrastructure firm Function has secured $10 million in seed funding to scale FBTC, its fully reserved Bitcoin product, amid rising demand for BTC-based yield solutions.
- CrowdFundInsider
Function CEO Thomas Chen Weighs In On Bitcoin's Travails
Function CEO Thomas Chen warns that Bitcoin poses a looming danger. The former head of sales at BitGo, Chen now spearheads the development of institutional-grade architecture for…
- Coin Idol
Function X (FX): Where Users Can Control Their Digital Lives And Data
Function X (FX) is a blockchain project that aims to create a decentralized ecosystem for internet-based applications and services, allowing users to fully control their digital…
- Tokenpost
Function Raises $10M to Transform Bitcoin into Yield-Generating Asset
Function, a crypto infrastructure firm formerly known as Ignition, has secured $10 million in seed funding led by Galaxy Digital (TSX: GLXY), with backing from Antalpha and…
- Coindesk
Function Raises $10M to Bring Yield to Bitcoin; Gets Backing From Galaxy Digital, Antalpha, and Mantle
Crypto infrastructure firm Function has closed a $10 million seed round led by Galaxy Digital (GLXY), with participation from Antalpha (ANTA) and Mantle, the company said in a…
- AMBCrypto
‘Backdoor blacklisting function' – TRON's Justin Sun escalates WLFI feud
Justin Sun vs WLFI heats up! Did a $5B collateral move trigger the clash?
- UToday
Crucial 'SHIB Owes You' Function Stressed by SHIB Executive
The official head of marketing at the Shiba Inu developer team, widely known to the community as Lucie, has taken to her X account to address the SHIB army with an encouraging…
- BeInCrypto
TRUMP Meme Coin May Function as Political Bribe Mechanism, Ex-UK MP Warns
Former UK Minister of State Rory Stewart said today that Trump's meme coin allows campaign contributions without the required financial disclosures.
Related protocols
Other DeFi protocols connected to Function FBTC by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Bridge protocols
Top protocols on Bitcoin
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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