Underlying Asset Price Variation

Warning: We currently support RedStone Oracle for underlying asset price feeds. BitFi plans to integrate more underlying asset oracles in the future.

Note: Due to the requirements of quantitative strategies, bfBTC currently does not support WBTC as a deposit asset. The following content is for reference only.

Different underlying assets are used for deposits on different chains:

• Bitcoin: BTC

• Ethereum: WBTC

• Binance Smart Chain: BTCB

• Bitlayer: BTC (native token/gas token)

• Hemi: hemiBTC

On Bitcoin, Ceffu mirrors BTC assets to the exchange at a 1:1 ratio. Ideally, depositing 1 BTC yields bfBTC based on the ratio corresponding to 1 BTC.

Binance Smart Chain's BTCB is backed by Binance at a 1:1 exchange rate. Depositing 1 BTCB yields bfBTC based on the ratio corresponding to 1 BTC (1 BTCB = 1 BTC).

• HemiBTC (on Hemi Network) and Bitlayer BTC (on Bitlayer) are each 1:1 pegged to Bitcoin, with:

  • 1 HemiBTC = 1 BTC

  • 1 Bitlayer BTC = 1 BTC

Ethereum's WBTC has price fluctuations; deposits are calculated based on the Redstone Oracle price.