Bridged asset (custodial)
Custodial Bitcoin representation -- on Ethereum.
Wrapped Bitcoin (WBTC) is the dominant way to bring Bitcoin's scarcity into Ethereum DeFi. It is also a constant reminder of why a native, mined-on-Ethereum scarcity asset is structurally preferable: WBTC depends on a custodian holding the underlying BTC and a federation of merchants to mint and burn it.
No bridge risk
WBTC is one custodian compromise away from a depeg. EVMORE has no bridge, no custodian, and no wrapping in its base form.
No merchant federation
WBTC mints are controlled by a small group of merchants. EVMORE mints happen exactly when a valid mining proof lands on-chain.
Provably issued
anyone can audit EVMORE's entire supply by replaying the verifier contract. WBTC supply audits rely on attestations from BitGo and successors.
No correlated failure with Bitcoin custody events
WBTC has historically traded at a discount during custodian uncertainty (notably late 2024). EVMORE has no analogous failure mode because there is nothing to redeem.
No KYC at the mint layer
minting EVMORE requires submitting a valid KeccakCollision proof, full stop. Minting WBTC requires going through a merchant's KYC.
Open-source mining
any participant with a GPU can issue new EVMORE by solving a collision. WBTC has no permissionless issuance path.
WBTC tracks BTC price. EVMORE has its own price discovery and its own monetary policy. They are not substitutes for that reason.
We do not pretend EVMORE is strictly better on every axis. Pick the asset that matches the property you are buying for.
The verifier is 62 lines. The token is 627. The cap is enforced in Vyper. Nothing about this is hidden.
