WBTC protocol
Overview
WBTC is an ERC-20 token on Ethereum that is backed 1:1 by Bitcoin held by a network of custodians. It enables Bitcoin holders to use their assets in Ethereum-based DeFi applications. The token is governed by a consortium of merchants and custodians.
Within the DeFi Intel graph, WBTC connects to 3 tracked entities, most strongly to Bitcoin, CertiK, ChainSecurity.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Bitcoin | 95% |
audited_by | CertiK | 85% |
audited_by | ChainSecurity | 85% |
Frequently asked questions
What is WBTC?
WBTC is an ERC-20 token on Ethereum that is backed 1:1 by Bitcoin held by a network of custodians, enabling Bitcoin holders to use their assets in Ethereum-based DeFi applications.
What chain does WBTC run on?
WBTC is deployed on Ethereum and is backed by Bitcoin held by custodians.
Who audited WBTC?
WBTC was audited by ChainSecurity and CertiK.