Rings scBTC Price, Live Chart & Market Cap

Rings scBTC delivers 1:1 Bitcoin value, staking yield and ultra‑fast trading on the Sonic blockchain ecosystem

Name: Rings scBTC
Brand: Rings scBTC
SKU: SCBTC
Price: 101055 USD
Availability: InStock

Rings scBTC Overview

Rings scBTC turns idle BTC into an active, yield‑bearing asset on Sonic. The token stays pegged 1:1 to Bitcoin through fully collateralized vaults and MPC custody. Fast finality, near‑zero fees and LayerZero bridging make Rings scBTC ideal for trading, farming and lending. Holders stake, earn and move value without giving up Bitcoin exposure.

Rings scBTC: Yield‑Bearing Bitcoin for Sonic DeFi

Utility & Use Cases SCBTC

Stake for Yield

Lock scBTC to earn BTC‑denominated rewards plus Sonic incentives.

Provide Liquidity

Pair scBTC on DEX pools to collect trading fees and farming rewards.

Lend or Borrow

Use scBTC as collateral on lending markets to earn interest or unlock capital.

Cross‑Chain Transfers

Bridge scBTC via LayerZero for quick, low‑cost Bitcoin mobility between networks.

Rings scBTC Technologies Overview

Yield‑Bearing Collateral

Deposited BTC is deployed in blue‑chip strategies; yield streams back to stakers.

Sub‑Second Finality

Sonic DAG consensus clears scBTC trades almost instantly.

$Gas costs are fractions of a cent, enabling frequent compounding.$

Negligible Fees

Gas costs are fractions of a cent, enabling frequent compounding.

Multi‑Chain Ready

EVM compatibility and LayerZero messaging open scBTC to other chains.

Audited MPC Custody

Decentralized signers and vetted code secure underlying Bitcoin reserves.

DAO Governance

veBTC voting steers fees, strategy whitelists and future upgrades.

Funding

Rings scBTC held no ICO or private sale; new supply only mints when users deposit Bitcoin‑backed assets, so the team never allocated tokens to itself.

Roadmap

Native BTC Deposits

Enable direct Bitcoin mainnet bridging to mint scBTC without ERC‑20 wrappers.

Centralized Exchange Listings

Integrate Sonic withdrawals and list scBTC spot pairs to deepen market volume.

Cross‑Chain Deployments

Launch collateral vaults on additional EVM networks for seamless multi‑chain yield.

Rings scBTC Security & Audit Reports

Smart contracts inherit audited Veda and Thena code, LayerZero handles messaging, and a 4‑of‑6 multisig plus 24‑hour timelock govern upgrades. No critical exploits to date.

FAQ

How to mint Rings scBTC?

Deposit WBTC or similar in the Rings dApp; scBTC appears on Sonic instantly.

How to stake scBTC for yield?

Send scBTC to the staking vault in the app and start accruing rewards immediately.

Is Rings scBTC fully backed?

Yes. Every scBTC equals one BTC held in audited, MPC‑controlled vaults.

What fees apply when redeeming?

Redemption is fee‑free apart from network gas; a five‑day cooldown protects liquidity.

Which wallets support scBTC?

Any EVM wallet that adds Sonic RPC, including MetaMask and Rabby, can store scBTC.

Can I trade scBTC today?

Yes. Swap on ShadowSwap or SwapX or bridge to supported exchanges for more volume.

Does scBTC work with NFTs?

Developers can price Sonic NFTs in scBTC, enabling Bitcoin‑denominated collectibles.

Top Crypto Exchanges to Trade Rings scBTC (SCBTC)

#	Exchange	Pair	Price	24h Volume
1	SwapX Algebra	0XBB30E76D.../0X039E2FB6...	~$172,216.99	$185,535
2	SwapX Algebra	0X29219DD4.../0XBB30E76D...	~$0.000012	$41,844
3	Beets (Sonic)	0XBB30E76D.../0XD3DCE716...	~$81,935.47	$893.34
4	Beets (Sonic)	0XBB30E76D.../0XD3DCE716...	~$82,809.76	$1,345.33
5	Beets (Sonic)	0X3BCE5CB2.../0XBB30E76D...	~$0.019	$246.99
6	Beets (Sonic)	0XBB30E76D.../0XE5DA20F1...	~$170,960.65	$1,057.29