What happens to my Bitcoin when I deposit?

Bitcoin deposited in Acre is used for economic security across chains and protocols. First the BTC is minted to tBTC via Threshold Network. The tBTC is then dispatched to select validators of Bitcoin protocols and pools to secure the networks and provide liquidity. All BTC movements with Acre can be tracked in the smart contracts on the Ethereum network. No black boxes.

How are my assets secured?

Acre relies on a decentralized custodian (tBTC) which is secured through the Threshold Network. The decentralized network of nodes and probabilistic guarantees securely mints tBTC. Threshold Network nodes reach a consensus before executing any kind of mint or redemption, which makes tBTC highly secure and decentralized.

That 1: 1 bitcoin on Ethereum is then deployed via the Acre dispatcher to projects and protocols in order to provide economic security.Each protocol built atop Acre is vetted and approved by the Acre DAO.

Does Acre take custody of my assets?

Acre does not take custody of your assets. When user funds are deposited into Acre, the underlying BTC is held in a 51-of-100 multisig operated by decentralized tBTC nodes. Only depositors can retrieve their underlying BTC from Acre. Please check out Threshold Network documentation for more detail on custody.

What does the ACRE token do?

ACRE is the governance token of the Acre Protocol. Holders vote on the parameters of the Acre protocol, manage contract upgrades, DAO treasury and liquidity incentives.

How do the deposit and withdrawal fees work?

Acre protocol charges a 0.1% fee on all deposits and 0.25% fee on all withdrawals to take care of relayer and transaction fee costs. These fees accumulate to the Acre DAO treasury. Partner protocols and services that integrate Acre may receive a fee split, which will be managed by Acre DAO. Fee parameters will be approved and updated by Acre DAO vote.