BoringDAO BTC

www.boringdao.com

Key Stats

Total Value Locked24H
in USD$0-100.0%
Supply-
% Supply Locked0%
SymboloBTC
oBTC Price24H
USD$38,474.68-4.7%
BlockchainEthereum

Bitcoin At Work

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defipulse chart

What is BoringDAO BTC?

oBTC is a an ERC20 token backed by BTC created by BoringDAO. BoringDAO is a decentralized bridge that allows users to transfer assets across blockchains. For each blockchain asset, there will be an exclusive minting tunnel operated in the form of DAO and performing bi-directional mapping between blockchain assets and ERC20 oTokens. Mint Mining is the mechanism which users can wrap their non-ERC20 assets into oToken, e.g. Bitcoin to oBTC, and receive BOR token rewards. BoringDAO and its treasury are governed by BOR token holders. BoringDAO members are able to create and vote on changes such as adjusting minting commission and rewards distribution, new yield farming pools, new asset tunnels, and manage BoringDAO's insurance. BoringDAO has been audited by Peckshield.


How to use BoringDAO BTC?

Navigate to app.boringdao.com where you can mint and redeem oBTC tokens as well as participate in BoringDAO's reward programs.