exSat Staking BTC (esbtc)

exSat Staking BTC is an EVM-based Wrapped BTC token that maps to the underlying BTC staked in the exSat Staking contract. Key features include: 1:1 Asset Backing Each exSat Staking BTC is fully collateralized by 1 BTC locked in the exSat Staking contract, ensuring a perfect peg to Bitcoin. Secure Cross-Chain Redemption When you redeem and burn exSat Staking BTC, the protocol triggers a cross-chain (or off-chain) release of the equivalent BTC, guaranteeing fund security and full auditability. EVM Cross-Chain Bridge Through a burn-and-mint mechanism, exSat Staking BTC can be transferred across multiple EVM-compatible chains, enabling seamless inter-chain interoperability and asset mobility.