TBTC Deposit Token (TDT)

The TBTC Deposit Token (TDT) serves as a non-fungible token (NFT) essential in the tBTC system for facilitating the exchange between tBTC tokens and Bitcoin (BTC) during the wrapping process. Whenever a user requests to deposit BTC to convert it into tBTC, new TDT tokens are minted. Conversely, when tBTC is exchanged back to BTC, the corresponding TDT tokens are burned, effectively removing them from circulation.