Bitcoin, now usable across the Ethereum ecosystem.
Wrapped Bitcoin (WBTC) is an ERC-20 token backed 1:1 by Bitcoin.
It allows BTC holders to use their Bitcoin in decentralized finance (DeFi) applications on Ethereum.
Each WBTC is fully backed by an equivalent Bitcoin held in reserve by approved custodians, ensuring transparency and security for users.
Below is live market data fetched directly from the CoinGecko API.
Wrapped Bitcoin (WBTC) Live Data
Live data temporarily unavailable.
Project Overview
Wrapped Bitcoin was created to bring Bitcoin's liquidity to the Ethereum network. It enables BTC to be used for DeFi protocols like lending, borrowing, yield farming, and swaps.
The project is governed by a consortium called WBTC DAO, which includes major crypto institutions such as BitGo, Kyber Network, and Ren.
Each minted WBTC is fully backed and verifiable through on-chain proof of reserves, providing transparency and trust for all participants.
Key Insights
WBTC bridges Bitcoin and Ethereum, combining Bitcoin's value and security with Ethereum's flexibility.
It allows Bitcoin to participate in smart contracts, decentralized exchanges, and lending protocols.
This integration helps increase DeFi liquidity and connects two of the largest blockchain ecosystems.
Common Questions About WBTC
1. What is Wrapped Bitcoin (WBTC)?
WBTC is an ERC-20 token backed 1:1 by Bitcoin, making BTC usable within the Ethereum ecosystem.
2. Who manages WBTC?
It's managed by the WBTC DAO, a consortium of major blockchain projects and custodians.
3. How do I convert BTC to WBTC?
Users can convert through merchants partnered with WBTC custodians like BitGo.
4. Is WBTC safe?
Yes. All Bitcoin reserves are publicly auditable on-chain, ensuring transparency and full collateralization.
5. Where is WBTC used?
It's widely used in DeFi apps for lending, yield farming, and liquidity provision on Ethereum.
Market Context
Wrapped Bitcoin represents a key link between Bitcoin and Ethereum, expanding BTC's use cases far beyond simple value storage. It has become one of the largest assets in the DeFi ecosystem by total value locked (TVL).
As interoperability grows, WBTC paves the way for Bitcoin to interact with new networks and financial systems.