# ETH and BTC based Derivatives

## BTC Based derivatives

#### PumpBTC

* Roughly 8% market share of the Bitcoin LRT market 
* Over $370mil in TVL (at the time of writing) 
* Over $19mil worth of liquidity in Uniswap V3 
* Based on (re) staking the following assets: FBTC + WBTC 

#### EBTC

* Over $600mil in TVL (at time of writing)
* $7.2mil worth of liquidity on Curve
* Roughly 22% market share of the Bitcoin LRT market 

#### SolvBTC

* Offers two different Bitcoin backed LSD’s, and beraborrow will accept the following as collateral assets: 
* * 1:1 Backed -> SolvBTC
  * Yield bearing -> SolvBTC.BBN
* Consists of around 20% of the Bitcoin LRT market share 
* Offer a fully transparent proof of reserve system -> showing that, in real time, each asset is fully backed 1:1 by BTC

#### UniBTC

* Offers a restaked Bitcoin derivative, via staking on Babylon 
* Offer a proof of reserves solution via Chainlink 
* Just over $400mil in TVL (at time of writing) 
* Have $85mil worth of liquidity on Ethereum’s Taiko DEX (at time of writing) 

#### SBTC

* Offers a simple 1:1 backed Bitcoin derivative, no underlying yield to keep track of
* Accepts cbBTC, fBTC, bBTC as collateral for their derivative asset
* Working with eOracle as their oracle provider 
* Raised over $20mil
* Just over $17mil worth of TVL (at time of writing) 

#### LBTC

* Lombard have over $1billion in TVL (at time of writing)
* Underlying derivative is backed by vanilla Bitcoin, which is staked with Babylon to earn yield 
* Utilise Redstone as their proof of reserves solution 
* $40mil worth of liquidity is present on their Uniswap V3 LBTC/WBTC pair
* Consists of over 25% market share of the current BTC LRT market (at time of writing) 

## ETH Based Derivatives

#### BeraETH (Bridged pxETH)

* ETH staking derivative by Redacted Cartel 
* Has roughly $17mil worth of liquidity sitting in a Curve pool (pxETH-WETH pair) 
* Use Redstone as their oracle provider

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**StoneETH**

* Offer a yield bearing ETH derivative that is yield bearing based on a number of different strategies 

#### CianETH

* Accepts wsETH, stETH and wETH as the underlying backing for its derivative receipt token 
* Underlying yield is derived from a number of different sources, such as Eigenlayer AVS yield and Renzo points