Bitcoin holders face a dilemma: hold BTC for appreciation or sell it for liquidity. What if you could do both?
@Plasma solves this with pBTC—a decentralized Bitcoin representation that unlocks DeFi possibilities without sacrificing security.
Not Your Average Wrapped BTC
Unlike wBTC which relies on a single custodian, pBTC uses a decentralized verifier network with threshold signatures (MPC/TSS). No single entity controls your Bitcoin. Withdrawals require a quorum—majority consensus before any BTC moves.
How It Works:
Deposit BTC into a Plasma vault
Verifiers independently confirm the transaction
Once supermajority agrees, pBTC is minted to your wallet
Use pBTC across the entire @Plasma DeFi ecosystem
Why This Matters:
Collateral Power: Post your BTC and borrow stablecoins without selling
Stay Long BTC: Maintain full Bitcoin exposure while accessing liquidity
Omnichain Ready: Built on LayerZero's OFT standard—one unified supply across chains, no fragmented liquidity
Full Transparency: All verification events are published on-chain and auditable
For those in countries with currency instability, pBTC offers protection against both local currency AND dollar debasement—a truly hard asset accessible on @Plasma.
$XPL secures this entire ecosystem through Proof of Stake, aligning incentives as Bitcoin and stablecoins converge on one purpose-built chain.
