<h4>Quick Take</h4> <ul> <li>tBTC – <span style="font-weight: 400;"> an Ethereum-based token backed by and pegged to Bitcoin –</span> has entered into a code freeze and gone into audit; the team is now eyeing a v1 mainnet release in March</li> <li>According to project lead Matt Luongo, tBTC&#8217;s redemption feature will allow it to garner more interests from bitcoiners than synthetic versions of bitcoin like WBTC</li> <li>The team has plans to integrate with lending platforms like Compound immediately after launch, but low liquidity could potentially prevent tBTC from becoming a collateral option in the near future.</li> </ul>