Function FBTC

FBTC

Other, balanced weights

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.22–

Transparencywithheld×0.17–

Revenuewithheld×0.16–

Innovationwithheld×0.18–

Communitywithheld×0.13–

Tokenomicswithheld×0.14–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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About Function FBTC

Analysis of 9 Feb 2026

Function (FBTC), formerly Ignition, is a decentralized protocol transforming Bitcoin into a yield-generating asset across DeFi ecosystems. FBTC is a fully-reserved, 1:1 Bitcoin-backed token enabling institutional participants to access omnichain structured yield strategies while maintaining Bitcoin security and sovereignty.

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As of February 9, 2026, the protocol maintains $1.27B market cap with 11,000 FBTC tokens circulating at approximately $90,165 per token (tracking Bitcoin's recovery to $69,422-$71,000 after flash crash to $60k on Feb 5), and 30+ protocol integrations across Ethereum, Base, Arbitrum, and Mantle. Backed by Galaxy Digital, Mantle, and Antalpha Prime with a $10M seed round, Function represents the evolution from passive wrapped Bitcoin to active Bitcoin infrastructure generating 2-20% yields through DeFi lending, staking, and liquidity strategies.

The Babylon-Aave integration is confirmed for Q2 2026 launch, targeting native Bitcoin collateralization without bridges or wrapped assets.

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