Ether.fi Staked BTC
EBTC
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
EBTC (Ether.fi Staked BTC) Overview
EBTC delivers a trust-minimized 1:1 BTC peg on Ethereum combined with liquid staking yields, supported by steady development velocity, strong CI/testing, transparent mint/burn mechanics, and an engaged community. Tokenomics strictly tie supply to user deposits and burns, enabling seamless collateral use, liquidity provision, and yield-farming strategies. Competitive pressures from wBTC, renBTC, and gas-cost fluctuations pose adoption challenges, while the pseudonymous core team, centralized multisig governance, moderate bus-factor, and absence of a top-tier audit remain notable risks.
Bottom Line: EBTC is a promising avenue for BTC holders seeking DeFi yield exposure on Ethereum, but success hinges on vault security proof, formal governance decentralization, and a major external audit.
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 Ether.fi Staked BTC (EBTC)
Ether.fi Staked BTC (EBTC)
Symbol: EBTC
Ether.fi Staked BTC (EBTC) is a liquid staking token on the Ethereum network representing BTC deposits secured by the Ether.fi protocol. Each EBTC token is pegged 1:1 to Bitcoin held in audited smart contracts, enabling BTC holders to access Ethereum DeFi applications without locking assets on the Bitcoin chain.
Key Features
- 1:1 Bitcoin backing through Ether.fi secure vaults
- ERC-20 token compatibility for seamless integration
- Liquid staking with on-chain transparency
Token Utilities
- Collateral in decentralized lending platforms
- Participation in liquidity pools and yield strategies
- Simplified BTC exposure within Ethereum-based ecosystems
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