Wissel Function FBTC om naar Wrapped SEI (Universal) USEI

Function is building the financial infrastructure that makes Bitcoin productive, unlocking yield, liquidity, and capital efficiency for holders across DeFi and traditional finance. FBTC turns Bitcoin into an asset that works. FBTC represents the first omnichain Bitcoin yield asset, enabling BTC holders to participate in structured, risk-managed and programmatic yield strategies. FBTC is fully backed on a 1:1 basis with BTC, Bitcoin Reserve Address List is public and can be verified at any time. FBTC combines the security of Bitcoin reserves with the flexibility of smart contracts, creating a secure and efficient bridge between the Bitcoin network and modern DeFi protocols. FBTC turns idle BTC into a functional and productive asset. The primary purpose of FBTC is to bring native Bitcoin liquidity into DeFi. Enabling Bitcoin holders to access a wide range of yield generating strategies, without having to sell their BTC. This not only enhances the utility of BTC but also allows holders to earn returns on their assets, making FBTC a powerful tool for maximizing the potential of Bitcoin in the DeFi ecosystem

uSEI is a tokenized implementation of SEI designed to enable exposure to SEI across multiple blockchains including Base, Polygon, and Arbitrum. uSEI is backed 1:1 with SEI reserves and issued as an ERC20 onchain. SEI collateral is held with Coinbase Custody and can be redeemed for the underlying SEI by burning the ERC20 token and claiming the underlying SEI collateral. uSEI is designed to bring SEI to DeFi applications, enabling swaps, lending/borrowing, and more.