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What is sBTC ?

sBTC (ERC-20) is the synthetic token tracking BTC price via Synthetix protocol. sBTC tracks the price of its corresponding real BTC asset. sBTC can be traded peer-to-contract (P2C) against other synthetic assets (Synths) in the Synthetix protocol. This novel trading mechanism allows trading without slippage or liquidity limitations. Latest audit reports are provided by [Sigma Prime](https://github.com/sigp/public-audits/blob/master/synthetix/multicurrency/review.pdf) and [Iosiro](https://www.iosiro.com/audits/synthetix-phase-1-smart-contract-audit).

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