iBTC Network
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Protocol TVL
About iBTC Network
iBTC, a Bitcoin L1 native wrapper, uses a decentralized network of node operators, merchants, and custodians to enable bridgeless yield on Bitcoin.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Security & Audits
iBTC Network Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Apr 30, 2024Listed on DeFiLlama
Protocol Profile
iBTC Network operates in the Decentralized BTC category of DeFi. It is deployed on Bitcoin. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
iBTC Network is a single-chain protocol, deployed exclusively on Bitcoin — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for iBTC Network — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Decentralized BTC protocols on Mantapex
iBTC Network is one of 4 Decentralized BTC protocols Mantapex tracks in this category. Direct peers ranked by total value locked include tBTC, Chain Fusion, Zeus Network. These peer protocols collectively secure $463.1M in deposits, giving you a frame of reference for whether iBTC Network's own TVL is at the top, middle, or tail of the category.
Browse all Decentralized BTC protocols on Mantapex
Recent iBTC Network news
Latest reporting from major crypto news outlets covering iBTC Network.
- Invezz
IBTC, BITO, FBTC are good Bitcoin ETFs but there are 2 better alternatives
The iShares Bitcoin ETF (IBTC), ProShares Bitcoin Strategy ETF (BITO), and Fidelity Wise Origin Bitcoin Fund (FBTC) are some of the biggest Bitcoin ETFs in the industry. Most…
- Crypto news
Polkadot: Acala's iBTC/aUSD Liquidity Pool Bug Exploited by Hackers
Hackers have exploited a loophole in Acala's newly-created iBTC/aUSD liquidity pool to steal millions of dollars worth of tokens on August 14, 2022, forcing the aUSD stablecoin to…
- LiveBitcoinNews
First of its Kind Spot Bitcoin ETF (IBTC) with Direct Bitcoin Holdings Live in Australia
The first-ever spot bitcoin ETF starts trading today in Australia. Listed on Cboe Australia, the Monochrome Bitcoin ETF (IBTC) is managed by Monochrome Asset Management Pty Ltd.
- CryptoPotato
This Firm Will Launch Australia's First Spot ETF With Direct Bitcoin Holdings Today
IBTC will keep its BTC holdings offline in a device not connected to the internet.
- Coinspeaker
Australia to Debut First Spot Bitcoin ETF on June 4
Monochrome emphasized that IBTC will be the first and only ETF in Australia to hold Bitcoin (BTC) directly.
- Coindesk
Acala's Stablecoin Falls 99 Percent After Hackers Issue 1.3 Billion Tokens
A bug in the protocol's newly-deployed iBTC-aUSD liquidity pool left the door wide open for hackers to exploit.
- Trustnodes
Australia Launches Spot Bitcoin ETF
The first spot bitcoin ETF in Australia will start trading tomorrow under IBTC according to Monochrome Asset Management, a new issuer and a licensed crypto custodian.
- Coindesk
Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday
Australia-based Monochrome Asset Management's Monochrome Bitcoin exchange-traded fund (ETF) (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, the company told…
Related protocols
Other DeFi protocols connected to iBTC Network by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Decentralized BTC 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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