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

With Fast BTC to WBTC wrapping, Coinlist has delivered the final puzzle piece in closing the liquidity loop between many cefi and defi products. I'm excited to see them onboard a host of new users to Ethereum’s decentralized finance ecosystem!
Benedict chan
Benedict Chan
CTO at Bitgo logo
Recent News
922bcba8 a8e4 413e bf94 9c184acaaf4f 1593450059 922bcba8 a8e4 413e bf94 9c184acaaf4f 1593450059
Compound’s COMP Token Takes DeFi by Storm, Now Has to Hold Top Spot
Jun 29 · Coin Telegraph · When Compound launched its governance token, COMP, on June 16, few in the crypto space could have predicted how rapidly it would rise to the top.
68 Shares
45ebb882 c56b 4f88 bab0 909c48464aaa 1593428458 45ebb882 c56b 4f88 bab0 909c48464aaa 1593428458
DeFi Protocol Balancer Hacked Through Exploit It Seemingly Knew About
Jun 29 · Coin Telegraph · The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan.
51 Shares
Ebbe92fa 600f 4083 8ae5 a544b22d5872 1591761672 Ebbe92fa 600f 4083 8ae5 a544b22d5872 1591761672
MakerDAO Up By 30% After Vote For ‘Real-World’ Loan Collateral
Jun 10 · Coin Telegraph · The price of MakerDAO (MKR) has rallied by roughly 30% over the past 24 hours, posting a new year-to-date high above $720 on some exchanges.
108 Shares
3f22f20a 5f3e 4f23 997d 6550e97458e0 1591261261 3f22f20a 5f3e 4f23 997d 6550e97458e0 1591261261
Ethereum Has Become Bitcoin's Top Off-Chain Destination
Jun 04 · CoinDesk · “Tokenized bitcoins,” as these projects are called, allow users to denominate in bitcoin when transacting in the Ethereum network’s emerging ecosystem of decentralized financial products.
202 Shares
B9e04c11 6395 43b2 bc8e 2b8e0c79561f 1590501663 B9e04c11 6395 43b2 bc8e 2b8e0c79561f 1590501663
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.
116 Shares