About

Key points
First trustless and decentralized bitcoin bridge to EVM chain
Based on XCLAIM protocol peer-reviewed research paper by Interlay co-founders
Decentralized vaults that custodies user bitcoins are over collateralized to prevent any malicious behaviors by vaults
Secured by Chainlink oracle price feeds​
Bridge Actors
Vaults
Receive and hold user bitcoins to allow them create wrapped bitcoins (1BTC)
Users
Users can request to get issued with wrapped BTC for the BTC that they lock with vaults. Users can request to redeem their BTC by burning the wrapped BTC and unlocking their BTC from vaults
Relayer
Relay Bitcoin block headers to Relay smart contract on Harmony
Bridge Flows
TBD
Bridge Fees
Issue/Redeem: 0.5%

Bitcoin Bridge

User Guide

Last modified 1yr ago