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Function

Function is a platform that transforms Bitcoin into a productive, liquid financial asset called ƒ(BTC). It enables institutions and protocols to securely wrap and unwrap BTC for use in DeFi applications across multiple blockchains, facilitating use cases like lending, yield farming, and cross-chain transfers.

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Overview

Description

Function provides ƒ(BTC), an institutional-grade wrapped Bitcoin asset designed for DeFi, focusing on speed, composability, and financial utility. The platform enables secure BTC wrapping and unwrapping through a multi-signature, MPC-based process, allowing qualified users to mint and burn ƒ(BTC) directly across multiple ecosystems like Ethereum, Mantle, and Arbitrum. The asset is backed by a security council including Antalpha, Galaxy, Mantle, and Cobo, and collaborates with auditors like Secure3 and infrastructure providers like LayerZero and Chainlink. ƒ(BTC) unlocks various DeFi use cases for Bitcoin, such as re-staking, collateralizing loans, deploying into yield strategies, and facilitating cross-chain liquidity, integrating with protocols like Compound, Uniswap, and Eigenlayer.