---
# System prepended metadata

title: $wBTC Asset Onboarding Application

---

---

title: $wBTC Asset Onboarding Application

---

# [Asset Onboarding Application] $wBTC - Wormhole Bitcoin

```
Author(s):
Tags: asset-onboarding
Asset Name: asset-Name
Asset Code: $asset-code
Submission Date: mm-dd-yyyy
Ratification Date: mm-dd-yyyy
Status: status
Forum URL: 
```

## Application Profile
#### 1. What is your motivation for submitting this application?


#### 2. What is your association with the proposed asset?


#### 3. What are the key benefits for the Jet Protocol to onboard the asset? 


#### 4. What are the known limitations of the asset?




## Project Profile

#### 1. Please provide a brief, high-level description of the asset's native ecosystem (project), including the protocol's type (peer-to-peer/ peer-to-liquidity/ etc.). 


#### 2. Who are the founding members? What is their current involvement with the project?

#### 3. Please indicate the ICO date, initial price, valuation of the token, and total capital raised (both in USD and crypto amounts). 


#### 4. How much of the capital raised via the ICO was converted into FIAT (in terms of FIAT currency and amount of tokens)?

#### 5. What was the way of issuing and distributing the tokens? Were there pre-ICO investors?


#### 6. What is the current token distribution (project team vs. investors vs. public)?


#### 7. Are there any fees generated by the protocol? If yes, please provide details and amounts.


#### 8. Is the protocol audited? By what firms? Please provide link(s) to the audit documentation.

#### 9. Is the protocol open source? If yes, please provide links to the repository.

#### 10.  Other relevant project data or comments:





## Asset Profile

#### 1. Asset name:


#### 2. Asset type (native/ wrapped):


#### 3. Please provide a one-sentence description of the asset:


#### 4. What's the purpose of the asset within its native ecosystem?


#### 5. Does the asset have any use outside of its native ecosystem (integrated protocols)?


#### 6. Please provide all Smart Contract addresses. If the project is open source, detail how the Smart Contracts are implemented.




## Asset Liquidity

#### 1. What exchange(s) support the asset?


#### 2. Does the asset have a pool with meaningful liquidity on either Orca or Saber? What pools exist, and what is the amount of liquidity in each pool?




#### 3. Please provide 7-day asset trading history (daily aggregated trading volumes for trading pair of asset with USDC).


#### 4. A Pyth oracle is required to successfully onboard an asset to the Jet Protocol. Confirm there is an active Pyth Oracle price feed, or provide insight into the asset's timeline for onboarding to Pyth.


#### 5. How often does the asset drop significantly in price? Please provide a link to the price history. 


#### 6. *For stablecoins only*: Has the asset ever lost the peg? If yes, for what reason?

#### 7. *For algorithmic stablecoins only*: Please provide details on the risks associated with the design. 

#### 8. *For wrapped assets only*: Which bridges are used? Are they custodial or non-custodial? Are they audited?

#### 9. What amount of asset's liquidity exists in the integrated protocols (if applicable)?


#### 10. List any parties interested in taking part in liquidations for the proposed asset type.




## Key Mechanics

#### 1. How many active addresses/ users currently hold the asset?


#### 2. Please provide a brief overview of the tokenomics. 


#### 3. Is the asset supply expected to increase or decrease over time? Is there a token burn mechanism? Is the project able to mint more tokens in the future?


#### 4. Please explain the staking mechanism (if any).


#### 5. Please explain the slashing mechanism (if any).


#### 6. Are there tokens on a vesting schedule? If yes, what is that schedule and related vesture limitations?


#### 7. Are any tokens allocated for specific purposes or issuance schedules (e.g. liquidity mining)?





## Legal Profile 

#### 1. Is the project or the asset owned by any incorporated organization?


#### 2. In which jurisdictions was the token issued?


#### 3. Was the token issued as part of a regulatory process (e.g. securities offering)?



#### 4. Was the token issued as part of a fundraising process?



#### 5. Has the project or the asset obtained any legal opinions on the regulatory standing of the token? If yes, please provide links to the relevant documentation.



#### 6. Has the project or the asset had any legal interactions? If so, describe and provide documentation.




## Links

#### Link to project’s white paper:
* 

#### Link(s) to active communities related to the project:
* 

#### Link(s) to project’s documentation portal/ source code for the system(s) that interact with the proposed asset:
* 


#### Link(s) to audits - both procedural and Smart Contracts:
* 


#### Link(s) to legal opinions:
* 


#### Link(s) to other legal material:
* 


#### Other relevant links:
*

#### List all relevant Solana addresses here:
* 

## Marketing / Campaign Material
If you have additional marketing material, recorded discussions, or collateral onboarding campaign material, link here:
*
