$uBTC's Uniqueness

Uncompromised decentralization: U Protocol offers decentralized BTC exposure, eliminating the need for dependence on centralized custodians or bridges. U Protocol's contracts do not possess admin keys, enhancing its resistance to censorship.
Risk containment: The $uBTC is exclusively backed by $wstETH and $BTC.b, isolating associated risks.
Omnichain compatibility: $uBTC is OFT compatible and can be bridged not only to other EVM chains but also to non-EVM chains like Solana through Wormhole
Minted on Layer 2: $uBTC is minted on Arbitrum, a leading Ethereum Layer 2 solution, allowing for substantial gas savings.
Instantly redeemable: You can redeem $uBTC at face value for the underlying collateral.
Interest-free borrowing: As a borrower, you can enjoy 0% interest rate, meaning no concern over continuously accruing debt.
Low minimum collateral ratio: A minimum collateral ratio of 110% enables more efficient use of deposited Wrapped Staked ETH.
Absence of governance: All operations in U Protocol are algorithmic and fully automated, with protocol parameters established during contract deployment, thereby eliminating the need for governance.

Last updated 1 year ago

Uncompromised decentralization: U Protocol offers decentralized BTC exposure, eliminating the need for dependence on centralized custodians or bridges. U Protocol's contracts do not possess admin keys, enhancing its resistance to censorship.
Risk containment: The $uBTC is exclusively backed by $wstETH and $BTC.b, isolating associated risks.
Omnichain compatibility: $uBTC is OFT compatible and can be bridged not only to other EVM chains but also to non-EVM chains like Solana through Wormhole
Minted on Layer 2: $uBTC is minted on Arbitrum, a leading Ethereum Layer 2 solution, allowing for substantial gas savings.
Instantly redeemable: You can redeem $uBTC at face value for the underlying collateral.
Interest-free borrowing: As a borrower, you can enjoy 0% interest rate, meaning no concern over continuously accruing debt.
Low minimum collateral ratio: A minimum collateral ratio of 110% enables more efficient use of deposited Wrapped Staked ETH.
Absence of governance: All operations in U Protocol are algorithmic and fully automated, with protocol parameters established during contract deployment, thereby eliminating the need for governance.

Last updated 1 year ago