Security is our top priority building tBTC. A trust-minimized BTC/ETH bridge is only as valuable as users are confident.

To that end, we’ve published our plan for bringing hardened tBTC contracts to mainnet. We are now moving to a release candidate model with a BTC hardcap that increases monthly as the contract is battle-tested and incident-free. We have added additional security audits as well as increased the maximum bug bounty reward by 10x to 1M KEEP. We will also be disabling the red lever after 12-months incident-free. The full details are in our blog post.

🏰 Playing for Keeps 🗡continues as usual, and the Stakedrop event will still happen on June 8th.