eBTC (Bitcoin LRT)
Overview
eBTC is our flagship Bitcoin-backed liquid restaking token. Created to service the growing demands of alternate collateral within restaking, eBTC simplifies yield optimization and expands utility.
eBTC is backed by LBTC, through a partnership with Lombard, to bring the first dual yielding (staking + restaking) Bitcoin product to market. Staking will be conducted through Babylon, with restaking services through a combination of Eigen Layer, Symbiotic, and Karak. Users are able to deposit LBTC & WBTC.
Key Benefits
Earn staking + restaking yield
Don’t worry about restaking caps or delegations
Access multiple point programs: Symbiotic, ether.fi, Lombard, and Veda points, plus Karak and EigenLayer points soon.
Audits & Contract Deployments
Audits
https://github.com/Se7en-Seas/boring-vault/tree/main/audit
Contracts
BoringVault: 0x657e8C867D8B37dCC18fA4Caead9C45EB088C642
Token: 0x657e8C867D8B37dCC18fA4Caead9C45EB088C642
Accountant: 0x1b293DC39F94157fA0D1D36d7e0090C8B8B8c13F
Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B
Teller: 0xe19a43B1b8af6CeE71749Af2332627338B3242D1
Bitcoin LRT FAQS
Are deposits in the vault capped?
No caps on launch of the vault. The vault activity and total deposits will be monitored, and will introduce caps if required for a healthy balance of Symbiotic points across deposits.
Does this also have a 72 hour withdrawal period like other vaults?
No, it is a 7-day withdrawal period. While most withdrawals will complete well before this maximum window, this is an additional safety mechanism added by Veda.
Is there any benefit to depositing a certain token over another?
No. All deposits are treated the same.
What are Veda points, who is Veda?
Veda is the first Native Yield Layer and the protocol powering Liquid and the BTC LRT. You can learn more about Veda on X https://x.com/veda_labs
Where can I see my Veda points earned?
The Veda points dashboard is under development but is expected to be available in a few weeks. You can learn more about Veda on X https://x.com/veda_labs
Where can I see my points earned?
On the ether.fi App (coming soon)
Who audited the vault?
The vault was audited by Macro and Spearbit https://github.com/Se7en-Seas/boring-vault/tree/main/audit
How is eBTC different from other Liquid LP tokens?
You will be able to use eBTC in DeFi for all the things you know and love. More big news on this coming soon.
Any yields earned on this vault other than points?
You will earn the composite staking rate of all yield bearing assets in the vault.
How does this give me more points, or even the same amount of points vs depositing directly into Symbiotic and other restaking partners?
Symbiotic only accepts deposits until the deposit cap for a given asset is reached. Those deposits are the only ones that earn Symbiotic points until deposit caps are raised again. This is true for all deposit methods.
Users that deposit on Symbiotic directly only earn Symbiotic points.
Users that deposit into eBTC Bitcoin LRT earn Symbiotic points, ether.fi points and Veda points and more.
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