WBTC bridge
Overview
WBTC (Wrapped Bitcoin) is an ERC-20 token on Ethereum that represents Bitcoin (BTC) at a 1:1 peg. It is a wrapped asset, meaning each WBTC is backed by an equivalent amount of BTC held in custody by a consortium of merchants and custodians. WBTC enables Bitcoin holders to use their value in Ethereum-based decentralized finance (DeFi) applications.
Within the DeFi Intel graph, WBTC connects to 1 tracked entity, most strongly to Bitcoin.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
bridges | Bitcoin | 95% |
Frequently asked questions
What is WBTC?
WBTC (Wrapped Bitcoin) is an ERC-20 token on Ethereum that represents Bitcoin (BTC) at a 1:1 peg, backed by an equivalent amount of BTC held in custody by a consortium of merchants and custodians.
What chain does WBTC run on?
WBTC runs on the Ethereum blockchain as an ERC-20 token.
What is WBTC connected to?
WBTC is connected to Bitcoin, as it bridges Bitcoin's value to Ethereum-based decentralized finance (DeFi) applications.