wrtBTC: the non-rebasing wrapper for rtBTC
wrtBTC is the non-rebasing, ERC-4626-compatible wrapped version of rtBTC. Its balance stays fixed while value is reflected through the wrapper-to-underlying exchange rate. Wrapping adds smart contract and integration risk.
Pre-launch product information. rtBTC trading is currently disabled in the Cicada Finance market. Contract details and availability will be published with launch confirmation.
How the exchange rate works
Wrapping deposits rtBTC into the wrapper and issues proportional shares. The amount of rtBTC represented by each share depends on the current exchange rate. A fixed share balance does not mean a fixed dollar value or guaranteed positive return.
Unwrapping and redemption
Unwrapping returns rtBTC according to the current share exchange rate. Submit redemption requests during the monthly three-day window. A seven-day settlement period follows before assets become claimable. Processing may take longer because of custody, liquidity, compliance, or technical conditions.
Risks
Wrapper and integration risks apply in addition to Bitcoin volatility and BTCB peg risk. Participation carries strategy, market, smart contract, custody, liquidity, redemption, and operational risks. Principal, yield, reference value, and continuous liquidity are not guaranteed.
wrtBTC on BNB Smart Chain
wrtBTC is the non-rebasing, ERC-4626-compatible wrapped version of rtBTC. Its balance stays fixed while value is reflected through the wrapper-to-underlying exchange rate. Wrapping adds smart contract and integration risk.
Contract details are pending launch confirmation.
Frequently asked questions
What is wrtBTC?
wrtBTC is the non-rebasing, ERC-4626-compatible wrapped version of rtBTC. Its balance stays fixed while value is reflected through the wrapper-to-underlying exchange rate. Wrapping adds smart contract and integration risk.
How do I redeem rtBTC?
Submit redemption requests during the monthly three-day window. A seven-day settlement period follows before assets become claimable. Processing may take longer because of custody, liquidity, compliance, or technical conditions.
Can I redeem wrtBTC directly into BTCB?
Unwrap wrtBTC into rtBTC first. Further redemption follows the rtBTC window, settlement process, and protocol rules; the wrapper does not guarantee instant BTCB redemption.
What are the main risks?
BTCB peg risk, Bitcoin price volatility, wrapper risk, and oracle or pricing risk apply alongside other product risks. Participation carries strategy, market, smart contract, custody, liquidity, redemption, and operational risks. Principal, yield, reference value, and continuous liquidity are not guaranteed.
Sources and product terms
Refer to current issuer documentation and the transaction interface for availability, eligibility, fees, and live rates.