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    Function ƒBTC

    FBTC

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    06.010
    Risk Level:
    Medium
    Recommendation:Speculative position only
    Evaluated:May 12, 2025 (v2)

    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

    Strengths: Robust active development (8/10) with frequent commits, CI discipline, and multiple audits (CertiK, Trail of Bits).
    Security & Backing: Proven 1:1 BTC collateralization with on-chain proof of reserves and no known exploits (score 8/10).
    Weaknesses: Team anonymity and lack of on-chain governance (3/10) introduce counterparty and upgrade risks.
    Market Position: Competes in an oversaturated wrapped-BTC space dominated by WBTC/renBTC (score 5/10), limiting near-term adoption.
    Outlook: Technically sound and well-maintained, but centralization and competitive pressures warrant a cautious, speculative allocation.

    Detailed Analysis by Category

    Development Activity

    Code updates and developer engagement

    RiskReturn
    08.010

    Community Support

    Social media presence and community engagement

    RiskReturn
    07.010

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    07.010

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    05.010

    Team & Governance

    Team background and project governance

    RiskReturn
    03.010

    Security & Audits

    Security history and audit status

    RiskReturn
    08.010

    About Function ƒBTC (FBTC)

    Function ƒBTC (FBTC)

    Function ƒBTC (FBTC) is a wrapped Bitcoin token designed to bring native BTC liquidity to EVM-compatible networks. Each FBTC token is fully backed by on-chain Bitcoin reserves and minted through Function’s decentralized bridge protocol.

    Key Features

    • Name: Function ƒBTC
    • Symbol: FBTC
    • Standard: ERC-20
    • Collateralization: 1:1 Bitcoin-backed reserves
    • Bridge Protocol: Decentralized cross-chain minting and redemption
    • Audits & Proof of Reserves: Regular third-party audits and on-chain reserve transparency

    Benefits

    • Native BTC liquidity for DeFi applications
    • Seamless integration with wallets, DEXs, and lending platforms
    • Transparent, verifiable reserves via smart-contract proofs
    • Optimized gas usage on Ethereum and compatible chains

    Use Cases

    • Access Bitcoin liquidity in smart-contract ecosystems
    • Provide collateral or liquidity on decentralized exchanges
    • Enable cross-chain asset management and yield strategies

    Function ƒBTC (FBTC) brings the value and security of Bitcoin into the world of smart contracts, enabling seamless DeFi interoperability without compromising on-chain transparency.

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