ObeliskBTC

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Oct 7, 2024
   Listed on DeFiLlama

ObeliskBTC 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. The codebase has been independently audited (1 report on file).

ObeliskBTC 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.

Verified external resources for ObeliskBTC — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

ObeliskBTC 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 ObeliskBTC's own TVL is at the top, middle, or tail of the category.

WBTC

TVL $8.7B · 24h +0.07%

Coinbase Bridge

TVL $5.4B · 24h +0.61%

Binance Bitcoin

TVL $5.1B · 24h +0.14%

Hyperliquid Bridge

TVL $4.5B · 24h +0.55%

USDT0

TVL $4.2B · 24h +1.96%

JustCryptos

TVL $2.4B · 24h +0.44%