Function
Function is a Bitcoin tokenization protocol whose FBTC token gives BTC holders a 1:1 backed asset usable across DeFi networks.
What is Function?
Function lets BTC holders convert Bitcoin into FBTC, a 1:1 reserve-backed token deployable on Ethereum, Mantle, and Solana. Users can mint FBTC, supply it to lending markets, deposit into Cian or Sentora vaults for stablecoin yield, and verify reserves on-chain. The protocol's reserves are publicly auditable and target institutional-grade operations.
Web3 dapps and developer tools related to Function
Discover blockchain applications that are frequently used with Function.
Axelar
Veda
Jupiter
Chainflip
Developer resources from Alchemy
What are cross-chain bridges?
Discover different types of cross-chain bridges and why networks need them.
Introducing Rootstock - the Home of Bitcoin DeFi
Alchemy partners with Rootstock, the Bitcoin sidechain that combines Bitcoin's proof-of-work security with Ethereum-compatible smart contracts for DeFi.
How Aave runs the largest lending protocol in DeFi across 20+ chains with Alchemy
Aave has run its traffic on Alchemy since 2021, powering protocol data across 20+ networks and a gasless consumer app, through V4, Cortex, and spikes above 2M CU/s.
Function alternatives
Explore web3 competitors and apps like Function.
LayerZero
Optimism Bridge
Wanchain Bridge
StarkGate
App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
