Wrapped Bitcoin WBTC

ERC20 token backed 1:1 with Bitcoin
Profile

About

wBTC is a BTC-backed ERC20 token. Each wBTC in circulation is backed 1:1 by Bitcoin and is held in cold storage by BitGo, the first qualified custodian purpose-built for storing digital assets. Additionally, the ledger is publicly viewable to maintain transparency and enable trust in the network.


Why WBTC?

wBTC provides traders, institutions, and dapps a bridge to the Ethereum network while maintaining exposure to Bitcoin. Wrapping the asset enables token holders to participate in Defi and program smart contracts.


Token Features

Usability

The ERC20 standard has been widely adopted by the Ethereum community and provides access to a variety of decentralized exchanges, wallets, and dApps. wBTC brings Bitcoin’s liquidity to DEXs and makes it possible to use Bitcoin directly in ETH-based smart contracts to trade, lend, and collateralize.

Interoperability Between Cryptocurrencies

wBTC standardizes Bitcoin to the ERC20 format, allowing Bitcoin to be used in any Ethereum smart contract.

Increased Transaction Speed

Tokenization of BTC using the Ethereum blockchain allows for an increased speed of verified transactions.

Use your freshly minted WBTC to earn interest on your BTC via Compound. Or send it to your favorite DeFi exchange to trade it for another ERC-20.


Website - Whitepaper - Twitter - CoinList on WBTC

Recent News
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Despite Trust Model Debates, Ethereum Is Bitcoin's Largest Sidechain by Total Value Locked | Altcoins
May 26 · Bitcoin News · Just recently a number of people on Twitter congratulated the Ethereum network for becoming Bitcoin’s (BTC) largest second layer or unofficial side-chain.
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Aeternity Launches Crypto Tipping Platform for Social Creators
May 20 · Coin Telegraph · Blockchain firm Aeternity launched its social monetization tool "Superhero" on May 20, describing the platform as “the first decentralized peer-to-peer instant payment tool for digital goods or social content.”
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Bitcoin Is Invading Decentralized Finance On The Ethereum Network
May 16 · Forbes · Beyond being built on Ethereum (the protocol), DeFi projects have mainly used Ether (the protocol’s native monetary unit) as the base asset and primary source of collateral.
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As the Old Dai Shuts Down, Maker Must Deal With Centralized Collateral Risk
May 13 · The Cointelegraph · With Single Collateral DAI, or Sai, only Ethereum (ETH) was usable as collateral for the lending platform.
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1000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network
May 13 · Coin Telegraph · One thousand Wrapped Bitcoin (WBTC) were minted today on the Ethereum network (ETH) —  a single transaction that represents more U.S dollar value than the entire Lightning Network.
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