Funding
Funding not disclosed
Founders
Product
Problem
Bitcoin holders seeking to generate yield on their holdings often face complex DeFi integrations and potential risks associated with non-custodial asset management. Traditional methods for earning yield on Bitcoin can involve bridging to other networks, which introduces counterparty risk and requires users to manage multiple asset types.
Solution
Acre provides a platform for Bitcoin holders to earn yield through automated, Bitcoin-native compounding strategies. The system facilitates the bridging of BTC to EVM-compatible networks using a decentralized custodian, tBTC, which is secured by a multisig operated by decentralized nodes. Once bridged, the BTC is deployed via the Acre Dispatcher smart contract to vetted DeFi protocols, such as lending and liquidity bootstrapping networks, to generate returns. Users maintain self-custody of their underlying Bitcoin, with all transactions and asset movements being transparent and auditable on-chain. The protocol is designed to keep users' assets in BTC throughout the yield generation and redemption process.
Target Audience
The primary target audience includes Bitcoin holders and DeFi participants looking for secure, transparent, and automated yield generation strategies that preserve the native BTC asset.
Features
- Bitcoin bridging to EVM-compatible networks via decentralized custodian (tBTC) for self-custody.
- Automated dispatch of bridged BTC to vetted DeFi protocols for yield generation.
- On-chain transparency for all BTC movements and protocol interactions.
- stBTC as a non-rebasing receipt token representing deposited BTC and accrued rewards.
- DAO governance model for protocol parameter management, including vault vetting and upgrades, utilizing the ACRE token.
- Open-source smart contracts and public code repositories for auditability.
- Integration with multiple wallet partners for a streamlined user experience.