Avalanche Bridged BTC (Avalanche)
BTC.B
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
Avalanche Bridged BTC (BTC.B) Overall Evaluation
- Development & Security: Maintained by Ava Labs with an active dev cadence (8/10) and strong audit record (7/10). CI coverage is high and past audits by Trail of Bits and Quantstamp show no critical findings.
- Tokenomics & Utility: Fully collateralized 1:1 with BTC, no inflation or pre-mined allocations (7/10). Serves as collateral and AMM liquidity in Avalanche DeFi with low fees and fast finality.
- Market Position: Solid use case in Avalanche’s growing DeFi ecosystem (7/10), offering competitive cost advantages over Ethereum-wrapped BTC, though liquidity is smaller than WBTC.
- Governance & Custody Risks: Centralized mint/burn control by the Avalanche Bridge operator and custodial risk via multi-sig arrangements (3/10). No token-holder governance rights.
- Community & Adoption: Benefits from Avalanche’s channels but lacks a dedicated grassroots community (5/10). Engagement is functional but moderate.
Summary: BTC.B is a reliable, well‐audited wrapped BTC solution for Avalanche DeFi, combining strong development support with clear tokenomics. Key drawbacks include centralization of custody and governance, plus moderate community backing.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Avalanche Bridged BTC (Avalanche) (BTC.B)
Avalanche Bridged BTC (BTC.B)
Avalanche Bridged BTC (symbol BTC.B) is a 1:1 Bitcoin–pegged token on the Avalanche C-Chain. It brings native BTC liquidity into the Avalanche DeFi ecosystem, enabling seamless access to yield farming, lending, staking and decentralized exchanges.
Key Features
- Pegged Asset: Each BTC.B is fully backed by Bitcoin held in custody, maintaining a 1:1 peg.
- EVM-Compatible: Built on Avalanche C-Chain for fast finality and low transaction fees.
- DeFi Integration: Widely supported on leading Avalanche protocols, including Trader Joe, Pangolin, Benqi and Aave.
- Cross-Chain Access: Bridges BTC into Avalanche in minutes, unlocking new liquidity pools and lending markets.
Use Cases
- Add BTC.B as collateral for borrowing and lending on Avalanche.
- Provide BTC liquidity on AMMs to earn trading fees and rewards.
- Participate in yield farming and liquidity mining strategies.
Learn More
To view contract details, explore liquidity pools or track on-chain activity, visit your preferred Avalanche explorer or DeFi dashboard.
This description is for informational purposes only.
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