WBTC
WRAPPED BITCOIN
WBTC bridges the liquidity of Bitcoin with the DeFi ecosystem by tokenizing Bitcoin onto the Ethereum blockchain. This enables Bitcoin holders to access Ethereum-based decentralized finance (DeFi) applications while maintaining exposure to Bitcoin's value. It provides a seamless pathway for Bitcoin holders to participate in various DeFi protocols such as lending, borrowing, and decentralized exchanges, unlocking additional utility for Bitcoin in the rapidly expanding DeFi space.
