Summary
Ketju does not approve UniRouter: we found no audit of its contracts, no disclosure of who controls minting or signs for its custody wallet, and no description of how holders unstake or redeem. Despite the name, UniRouter has no connection to Uniswap. It is a Bitcoin liquid staking platform built on B² Network, a Bitcoin Layer 2. It issues uBTC and stBTC against BTC staked through Babylon's Bitcoin staking protocol. The public documentation is so thin that the absence of reported incidents tells us little.
Review triggers
- UniRouter publishes an independent, named third-party security audit of the staking-vault and minting contracts
- The MuSig2 signer or validator set and its threshold are publicly disclosed and can be verified independently
- Redemption and unstaking terms, including timing and any pass-through of Babylon's unbonding period, are documented and shown to work at the proposed size
- Twelve months in a row with no depeg, slashing loss or custody incident after the disclosures above
Facts
- Verdict
- Not approved
- Type
- Other
- Chains examined
- Ethereum
- Reviewed
- Last confirmed