Verifying Your Collateral On-Chain

Updated June 27, 20264 min read

What You Can Check On-Chain

You never have to take our word for it. On a Bitcoin block explorer such as mempool.space, you can see your deposit arrive at your deposit address and then move to the bridge's treasury. On NearBlocks, the NEAR block explorer, the Borrow Executed transaction on your Activity page shows the 1:1 BTC token moving into the lending contract as your collateral.

Why your deposit address shows a zero balance

The NEAR Intents bridge holds the BTC you deposit. Bitlendex never holds it. After your deposit confirms, the bridge moves the BTC from your deposit address to its shared Bitcoin treasury. So your deposit address shows a zero balance during your loan. This is expected: your collateral record is the 1:1 BTC token in the lending contract.

Your dashboard shows your collateral. Public block explorers let you check it yourself. Figures shown are illustrative.

How to Check

  1. Find your deposit address. It is on the deposit step, and in Top Up Collateral on your dashboard (the same address).
  2. Paste it into a Bitcoin block explorer, such as mempool.space.
  3. Check that your deposit arrived. The next transaction moves the BTC to the bridge's treasury, so the address balance goes back to zero.
  4. Open Activity on your dashboard and select the transaction link next to Borrow Executed.
  5. On NearBlocks, check that the 1:1 BTC token moved into the lending contract with your borrow.

The NEAR Intents bridge publishes its treasury addresses, so you can confirm where your deposit went.

NEAR Intents treasury addresses

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