sBTC

Unlocking Bitcoin to be a fully programmable, productive asset would allow Bitcoin to be the
backbone of DeFi and a more secure web3. The ability to move Bitcoin assets in and out of
smart contracts freely and for these contracts to trustlessly write to the Bitcoin blockchain can
unlock hundreds of billions of dollars of passive BTC for web3. In this paper, we present a
novel decentralized Bitcoin peg mechanism. Using this peg