Underlying Asset Price Variation

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.

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