Bitcoin Swap Six principles
P1
Proof over promise
Every statement about backing, supply, volume or yield maps to an on-chain quantity anyone can read with a public RPC call.
P2
Backing comes from outside
WBTCw is backed by WBTC and USDC.e by USDC, both locked on Arbitrum One. The native coin never absorbs another token's redemptions.
P3
Rewards come from revenue
Rewards should be funded by fees the protocol has already collected. From Earn v3, each epoch is bounded by realised revenue.
P4
Rules before discretion
Order caps, oracle bounds, staleness halts and inventory limits live in contracts before they are needed.
P5
Keys cannot move backed funds
Bridge routes are sealed: fixed verification module, router enrolled once. An administrator can pause, and nothing more.
P6
Stability first, then decentralisation
Operated by its founding operator through the launch phase, until 22 December 2026, then handed out step by step on published milestones.
Contents
- 1Abstract
- 2Philosophy: six principles
- 3Design rules
- 4The network
- 5Architecture
- 6Assets and the RWA framework
- 7Tokenomics
- 8Ecosystem
- 9Operations
- 10Roadmap
- AContract registry
- BReferences
At a glance
| Chain | Bitcoin Swap · chain ID 482120 · Hyperledger Besu, QBFT · 5 s blocks, immediate finality |
| Native coin | BTCw, quoted at the BTC/USD rate · 21,000,000 ceiling created at genesis · block reward 0 |
| Bridged assets | WBTCw (WBTC locked on Arbitrum One) · USDC.e (USDC locked on Arbitrum One) |
| Markets | Oracle market makers · 643 continuous-liquidity pools · Uniswap V2 · ownerless SwapRouter |
| Asset tiers | A · Bridged · B · Custodied RWA (roadmap) · C · Price trackers (321 tokens) |
| Proof of reserve | Live check of WBTCw and USDC.e against the WBTC and USDC locked on Arbitrum One, read by your browser from both chains |
| Roadmap | Launch → Proof → Open → Community |
Check the file you downloaded: btcw-whitepaper-v0.2.pdf · SHA-256
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