ƒBTC ($FBTC), a fully reserved, 1:1 Bitcoin-backed asset, enables institutional participants to access omnichain, structured yield strategies across DeFi lending, staking and liquidity markets while maintaining the security and sovereignty inherent to Bitcoin. ƒBTC embodies a structured and precise approach to Bitcoin’s financial utility, introducing a formulaic standard that optimizes its role in DeFi. Defined by the equation ƒ(BTC) = Liquidity + Composability + Capital Efficiency, this framework ensures that Bitcoin transitions from a static asset to a dynamic financial instrument.

Despite Bitcoin’s dominance as the world’s most valuable digital asset, its role in DeFi has been historically limited by liquidity fragmentation and a dearth of secure, institutional-grade solutions. ƒBTC addresses this critical gap by transforming BTC into a productive asset while preserving core principles of security and decentralization. The rebranding strengthens Function’s focus on three foundational pillars: * Institutional Trust & Security — Purpose-built for institutions, DeFi protocols, and sophisticated DeFi participants, incorporating multi-layer security protocols and comprehensive risk management systems. * Long-Term Sustainability & Growth — Smart contract architecture that maintains Bitcoin’s 1:1 backing alongside transparent yield strategies and liquidity provisioning. This accelerates ƒBTC’s status as the benchmark for Bitcoin yield, ensuring BTC remains an integral force in DeFi. * Omnichain & Composable Infrastructure — Seamless integration into major blockchain ecosystems, including Ethereum, Base, Arbitrum, Mantle, and emerging institutional DeFi networks enable fluid capital movement and yield optimization across chains.

$FBTC is designed to operate on various blockchain networks. Initially, $FBTC will adhere to the ERC-20 token standard, allowing it to be used across the broader Ethereum ecosystem. Users can trade $FBTC on decentralized exchanges and explore various DeFi opportunities through protocols and platforms that support $FBTC. DeFi opportunities for $FBTC include funding rate arbitrage, lending and borrowing, restaking rewards, yield farming, token swapping, and liquidity pools. Various protocols and platforms support $ƒBTC, including Avalon, Lombard, Bedrock, Lorenzo, PumpBTC, StakeStone, Ethena, Lendle, Uniswap, OpenBit, Merchant Moe.

$FBTC is available for trading on a growing number of decentralized exchanges and aggregators, with cryptocurrency pairs currently available. [Uniswap] (https://coinmarketcap.com/exchanges/uniswap-v3/) offers liquidity for WBTC/FBTC on Ethereum as of July 2024, While [DODO] (https://coinmarketcap.com/exchanges/dodo/) also offers liquidity for WBTC/FBTC on Ethereum and Mantle Network as of July 2024. [Merchant Moe] (https://coinmarketcap.com/exchanges/merchant-moe/) also offers liquidity for METH/FBTC on Mantle Network as of July 2024. [Agni Finance] (https://coinmarketcap.com/exchanges/agni-finance-mantle/) also offers liquidity for METH/FBTC on Mantle Network as of July 2024.

$FBTC is available for trading on a growing number of decentralized exchanges and aggregators, with cryptocurrency pairs currently available. [Uniswap] (https://coinmarketcap.com/exchanges/uniswap-v3/) offers liquidity for WBTC/FBTC on Ethereum as of July 2024, While [DODO] (https://coinmarketcap.com/exchanges/dodo/) also offers liquidity for WBTC/FBTC on Ethereum and Mantle Network as of July 2024. [Merchant Moe] (https://coinmarketcap.com/exchanges/merchant-moe/) also offers liquidity for METH/FBTC on Mantle Network as of July 2024. [Agni Finance] (https://coinmarketcap.com/exchanges/agni-finance-mantle/) also offers liquidity for METH/FBTC on Mantle Network as of July 2024.

Fire Bitcoin ($FBTC) is backed by Mantle and Antalpha Prime. Mantle is behind Mantle Network, an Ethereum layer 2. Antalpha Prime is the world's leading BTC ecosystem services platform.