# Introduction

#### FAQ

**What is StrongHodl?**

StrongHodl is a decentralized protocol that enables users to mint and manage synthetic Bitcoin (shBTC) across multiple blockchains, specifically Ethereum and Solana. Built on the Babylon Protocol, StrongHodl allows users to create shBTC, a synthetic asset pegged to the value of Bitcoin, and seamlessly transfer it between Ethereum and Solana. This cross-chain functionality enables users to interact with DeFi applications on both chains, providing flexibility and diverse yield-generating opportunities in the DeFi ecosystem. StrongHodl also offers role-based user privileges, an on-chain analytics dashboard, and API integration with popular Ethereum and Solana DeFi products, making it a versatile platform for synthetic BTC holders.



**Why is my BTC safe with StrongHodl?**

StrongHodl prioritizes security through several key mechanisms:

**1. Babylon Protocol Foundation:** StrongHodl is built on the Babylon Protocol, known for its secure infrastructure that supports synthetic asset minting, bridging, and decentralized governance. Babylon Protocol’s security measures, such as cryptographic verification and multi-signature wallets, help protect users’ assets.

**2. Cross-Chain Bridge Security:** StrongHodl’s bridging solution ensures that assets are transferred securely between Ethereum and Solana. The protocol is designed to prevent unauthorized access and maintain asset integrity during cross-chain transfers.

**3. Regular Audits and Compliance:** The smart contracts powering StrongHodl are regularly audited to identify and mitigate potential vulnerabilities, maintaining robust security standards.

<mark style="color:red;">**4. Role-Based Access Control (A DECIDIR SI SE PONE ALGO):**</mark> StrongHodl’s user management system assigns roles based on user activity, limiting access and permissions within the platform, which helps minimize security risks associated with unauthorized actions.

5. <mark style="color:red;">**AÑADIRIA ALGO DEL TEMA CUSTODIO O CONSORCIO DE SEGURIDAD AL QUE HE LLAMADO "SECURITY CONTROL CENTER"**</mark>
6. <mark style="color:red;">**Añadir DUNE - on-chain transparency**</mark>



**What risks are associated with using StrongHodl?**

While StrongHodl incorporates robust security measures, there are inherent risks associated with any DeFi protocol:

**1. Smart Contract Vulnerabilities:** Despite regular audits, there’s always a risk of undiscovered vulnerabilities in the smart contracts that could be exploited, potentially resulting in loss of funds.

**2. Cross-Chain Bridging Risks:** Bridging assets across chains can expose users to additional risks, such as delays or potential vulnerabilities within the bridge infrastructure. Any issues with the bridging mechanism could result in funds being temporarily inaccessible.

**3. Synthetic Asset Volatility:** Since shBTC is a synthetic asset, it relies on price-pegging mechanisms to maintain parity with Bitcoin. Significant market fluctuations or protocol-specific challenges could impact its value or stability relative to BTC.

**4. Regulatory and Compliance Risks:** DeFi protocols, including those for synthetic assets, may face regulatory scrutiny in certain jurisdictions, which could affect the protocol’s operation or limit user access.

**5. Market and Liquidity Risks:** Users who stake or lend shBTC within DeFi applications may face liquidity risks or potential slippage, depending on market conditions and the availability of liquid assets.

StrongHodl’s structure and reliance on Babylon Protocol’s secure framework help mitigate these risks, but users should exercise caution and only commit assets they can afford to risk.

**What is shBTC?**

shBTC is a synthetic Bitcoin asset pegged to BTC’s value, created and managed on Ethereum and Solana.

**How does cross-chain bridging work?**

The bridge allows secure transfers of shBTC between Ethereum and Solana, giving users flexibility to engage with both ecosystems.

**What are user roles, and how do they work?**

Roles are assigned based on user activity and unlock privileges like governance voting, lower fees, and liquidity provider access.&#x20;

<mark style="color:red;">EXPLICACIÓN DE LOS ROLES Y TIERS</mark>

#### Who is the team behind StrongHodl?

The team behind StrongHodl is composed of experienced professionals with deep expertise in blockchain, cryptocurrency, DeFi, and protocol development.&#x20;

The founding members have a strong track record in building secure and scalable blockchain solutions, with years of experience working on successful projects in the crypto and DeFi spaces.&#x20;

Their collective knowledge spans smart contract engineering, cross-chain technology, crypto VC investment, and decentralized governance, making them well-equipped to deliver a secure, innovative, and user-focused protocol.&#x20;

With a commitment to transparency, security, and decentralized finance, the StrongHodl team aims to provide a robust and trustworthy platform for synthetic BTC users.

#### What is the role of the Security Control Center?

The Security Control Center at StrongHodl is dedicated to ensuring the safety and integrity of the platform. It coordinates regular security audits, monitors for threats in real-time, and implements a proactive approach to detect and address vulnerabilities. In the event of a security issue, the center initiates an immediate response to contain and resolve the situation swiftly. Additionally, the Security Control Center collaborates with a network of security experts and manages a bounty program that encourages community members to report any bugs or vulnerabilities they find. By taking a comprehensive approach to security, the Security Control Center helps protect user assets and maintain a trustworthy environment on StrongHodl.

#### Further Questions? <a href="#further-questions" id="further-questions"></a>

Join the StrongHodl Discord Server to follow the shBTC community. Here you can ask questions, read answers, share feedback with other users, and much more!
