We are thrilled to announce that more than 40 industry-leading partners are already supporting this week’s launch of both the Keep network and tBTC, the open-source project that runs on the Keep network and allows people to use Bitcoin safely in Ethereum DeFi apps.

Compound, Aave, and Uniswap are among the decentralized platforms with plans to integrate tBTC as their choice for BTC, collectively representing three quarters of the total decentralized market.

Keep’s launch began Monday with the deployment of the KEEP token contract and all custodial and staking contracts. Custodial partners include Coinbase Custody and Anchorage, while Bison Trails, Staked, Figment, Stake Capital and Blockdaemon are among the network stakers.

As liquidity and confidence in the system build, on June 8th anyone will be able to join tBTC’s signers in the KEEP stakedrop, earning fees and powering the burgeoning Bitcoin/Ethereum bridge.

The launch followed a unanimous vote by the MakerDAO community last week to finalize their first ETHBTC feed, deployed specifically for tBTC, and to whitelist the future tBTC contract. This is a major step toward bringing the super-collateral of Bitcoin to MakerDAO’s multi-collateral DAI.

The more than 40 partnerships announced to date include integrations with decentralized platforms, aggregators, exchanges, and wallets as well as stakers, signers, auditors and custody providers. Initially there will be about 80 stakers, including some of the major investors in Keep, such as Paradigm, a16z, Fenbushi Capital, Polychain Capital and Draper Associates.

tBTC has been developed by Summa, Cross-Chain Group, and Keep. Users’ BTC is safeguarded by groups of “signers” selected by a random beacon to minimize counterparty risk. Signers must stake ETH, as well as the native KEEP work token, in order to perform functions that facilitate the depositing and redeeming of BTC. The random beacon will deploy May 4 and a week later tBTC will launch on mainnet using MakerDAO’s ETHBTC feed.

With tBTC, BTC holders can safely convert their BTC into the ERC-20 TBTC token and vice-versa at any time, with no signoff needed from an intermediary. This is a major step forward compared to existing products that require BTC holders to place their trust in a centralized service. People can use TBTC to participate in the many decentralized finance, or DeFi, apps built on the Ethereum blockchain, and can exchange their TBTC for their original BTC at any time at a rate of 1:1.

Two thirds of the total market capitalization across all blockchains is held in Bitcoin. Until now, this vast store of wealth has been largely inaccessible to the many projects that are built on the Ethereum blockchain, particularly in the DeFi space. The launch of tBTC means Bitcoin holders can now access the DeFi ecosystem.

Here is the full list of launch partners announced to date:

tBTC integrations:

• MakerDAO oracles
• Compound
• Nuo
• Set
• SODA
• Curve Finance
• PieDAO
• Shell Protocol
• Balancer
• Staked’s RAY
• Zerion
• Alkemi
• Gitcoin
• Uniswap
• Radar Relay
• Loopring
• Kyber
• 1inch
• DeversiFi
• Token Terminal
• Argent
• Authereum
• Exodus
• Wyre

tBTC & Keep Product Development & Service Partners

• Summa
• TokenSoft
• Aragon
• Cross-Chain Group
• ConsenSys Diligence
• Trail of Bits

Keep Network Partnerships

• Coinbase Custody
• Anchorage
• Bison Trails
• Staked
• Figment Network
• Stake Capital
• Blockdaemon
• Infinity Stones
• HashQuark

Anyone can become a signer on tBTC. Sign up for the KEEP stakedrop to earn ETH when you do.

Join us on Discord to Play for Keeps, earning your spot to stake on mainnet and dive into our community of stakers and builders.