Endur.Fi Staked BTCPrice

(XTBTC)

xtbtc is a liquid representation of staked tBTC on the Starknet network. When users deposit tBTC into the protocol, they receive xtbtc in return, which represents their original deposit plus any accrued staking rewards. Unlike traditional staking where assets are locked, xtbtc is 'liquid,' meaning it can be traded on various exchanges or used as collateral in decentralized finance protocols while simultaneously earning rewards. It was developed through a collaboration between prominent ecosystem contributors to enhance the utility of Bitcoin.

To obtain xtbtc, users bridge their Bitcoin to the network as tBTC and stake it through the official dashboard. The protocol offers a faster unbonding process compared to native staking periods, typically averaging around seven days, though this is subject to available liquidity. Regarding costs, there are 0% fees for both the initial staking and final redemption processes. However, the protocol applies a 15% commission specifically on the staking rewards earned during the period.

The yield for xtbtc is generated from the network's consensus layer, where Bitcoin is used to help secure the protocol. These rewards are auto-compounding, meaning they are automatically converted back into Bitcoin wrappers and added to the underlying value of the xtbtc token. This mechanism ensures that the amount of tBTC a user receives upon unstaking will be greater than their initial deposit. If the yield appears at 0%, it is typically due to early-stage network development or fluctuations in reward distribution cycles.

The protocol prioritizes security by undergoing smart contract audits, with the reports made available for public inspection. While the project is currently not open-source, the team intends to release the code once the network achieves full decentralization. Users should remain aware of standard risks inherent to decentralized finance, such as potential smart contract vulnerabilities, the risk of the token price deviating from the value of the underlying asset on secondary markets, and risks associated with the cross-chain bridge technology.

xtbtc offers significant utility across various decentralized applications. It can be used as collateral on lending platforms, provided as liquidity in trading pairs to earn fees, or utilized in advanced yield strategies. Additionally, the protocol features a points program where users can earn rewards by staking, providing liquidity, or interacting with partnered applications. These opportunities allow Bitcoin holders to maintain liquidity and seek additional returns while their assets contribute to the security of the underlying network.

The primary difference lies in the underlying source asset used for staking. The protocol supports multiple Bitcoin variants, using a naming convention where 'x' denotes a liquid staking token and the second letter indicates the source: 't' for tBTC, 'W' for WBTC, and 'L' for Lombard. While all these tokens function as liquid staking representations, users often choose between them based on the specific liquidity, integration levels, and supported decentralized finance applications available for that particular underlying Bitcoin wrapper.