vBTC Conversion mechanism

vBTC conversion

vBTC Conversion refers to the minting process, as defined by the vBTC protocol in Vietnamese terminology. This means new vBTC tokens are generated and added to the circulating supply. After connecting their wallet and converting a supported asset (such as USDT, USDC, ETH, BNB, or BTCB) through the vBTC protocol, users receive an equivalent amount of vBTC based on the fixed exchange rate at the time of the transaction.

BTCB conversion

BTCB Conversion refers to the redeem process. In this process, users deposit vBTC back into the protocol. Upon confirmation, the system transfers the corresponding amount of BTCB to the user's wallet and simultaneously burns the redeemed vBTC to maintain supply balance.