clBTC
CLBTC
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
clBTC delivers a reliable 1:1 BTC wrapper with strong security and steady development, but faces headwinds in governance transparency and market competition.
- Development & Security: Active code commits, rigorous CI tests, multi-sig custody, top-tier audits with no critical findings.
- Tokenomics & Utility: Fully collateralized, no inflation, seamless mint/burn arbitrage, deep DeFi integrations across EVM chains.
- Risks: Centralized custodial minting, opaque team/governance, moderate bus-factor, crowded wrapped-BTC market dominated by WBTC/renBTC.
- Community & Growth: Decent social following and on-chain reserve proofs, but limited organic engagement and grassroots advocacy.
Conclusion: A secure, well-engineered Bitcoin bridge solution, yet constrained by centralization and tough competition—best suited for users needing a trustworthy BTC peg, though unlikely to unseat market leaders without stronger decentralization or incentive boosts.
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 clBTC (CLBTC)
clBTC (CLBTC)
clBTC (CLBTC) is a Bitcoin-pegged ERC-20 token designed to bring native Bitcoin liquidity to Ethereum-compatible networks. Backed 1:1 by real BTC held in audited reserves, clBTC enables seamless cross-chain transfers, DeFi integration, and on-chain Bitcoin exposure without compromising security.
Key Features
- Fully Collateralized: 1 CLBTC is always redeemable for 1 BTC, with reserves held in secure, audited wallets.
- ERC-20 Standard: Compatible with wallets, decentralized exchanges, and DeFi protocols across Ethereum and EVM-compatible chains.
- Cross-Chain Bridge: Fast, trust-minimized bridge connecting Bitcoin’s mainnet to smart-contract ecosystems.
- Transparent Reserves: Regular on-chain proofs and third-party audits ensure full transparency.
Use Cases
- Liquidity provisioning on DEXs
- Collateral for lending and margin trading
- Yield farming and staking in DeFi
- Payment rail for Bitcoin-denominated transactions
Technical Specifications
- Token Name: clBTC
- Symbol: CLBTC
- Standard: ERC-20
- Decimals: 8
Explore how clBTC empowers DeFi users with true Bitcoin liquidity on smart-contract platforms. For more details, visit the official documentation and audit reports.
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