Transitioning the Tezos DeFi Landscape: tzBTC Phase-Out Plan
As the Tezos ecosystem moves toward Tezos X and EVM-compatible solutions for decentralised finance (DeFi) and real-world assets (RWA), including metals.io, we are beginning a structured phase-out of tzBTC, rebranded as xcBTC.
Why We’re Making This Change
The recent baker vote to end liquidity baking subsidies for tzBTC reflects a broader shift in priorities. We are focusing our resources on the next generation of Tezos DeFi and high-performance, interoperable infrastructure.
How to Exit Your Position
Two primary exit options will be available for a four-month period beginning on October 28, 2026:
- Retail holders: A managed USDT/tzBTC liquidity pool has been established to support low-slippage exits for community members.
- High-volume holders: The gatekeeper role has transitioned to Blockfort. For larger amounts, please use the manual unwrapping process through Blockfort’s official tzBTC page.
Important: The automated tzBTC/xcBTC bridge has been decommissioned and will not be re-enabled.
Stay Safe During the Transition
User security remains our highest priority. Because high-volume redemptions are handled manually, please remain vigilant against phishing attempts and impersonation.
Use Official Channels
Only use links and contact information shared through these official channels:
Protect Your Private Keys
No official representative will ever ask for your private keys, seed phrase, or wallet credentials. Never share this information.
Check Before You Sign
Always double-check destination addresses, amounts, and transaction details before signing any operation.
Looking Ahead
Thank you for your continued support as we work toward the future of Tezos X. Please follow our official channels for updates throughout the transition.