⚪mBTC

BTC-pegged 1:1 wrapped token

mBTC can only be minted by depositing BTC into Babypie. mBTC is a cross-chain wrapped token pegged to BTC on a 1:1 basis and it does not accrue any underlying yield. If you simply hold mBTC in your wallet, you won’t earn rewards. To earn yield, users need to stake mBTC as smBTC or provide liquidity for mBTC on a DEX.

Benefits for mBTC holders:

mBTC can be staked as smBTC via Babypie to earn yield from BTC staking on Babylon.