Wrapped Bitcoin company info

What does Wrapped Bitcoin do?
Wrapped Bitcoin (CRYPTO:WBTC) is an ERC-20 token backed 1:1 with Bitcoin. It is an on-chain digital asset that brings the liquidity of Bitcoin to the Ethereum ecosystem. WBTC is minted by depositing Bitcoin into a custodian and redeemed by burning WBTC. The minting and burning process is governed by a smart contract and overseen by a decentralized network of trusted custodians, auditors, and merchants. WBTC is used in a variety of decentralized applications (DApps) on Ethereum, including decentralized exchanges (DEXs), lending protocols, and yield aggregators. It also enables users to participate in decentralized finance (DeFi) activities with Bitcoin. The WBTC project is led by a decentralized autonomous organization (DAO) called the WBTC Council. The DAO is responsible for managing the WBTC ecosystem and ensuring that WBTC remains a trusted and reliable asset.
Wrapped Bitcoin company media
Company Snapshot

What is the market cap for Wrapped Bitcoin?

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Market Cap
$10.53B

What year was Wrapped Bitcoin founded?

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Year Founded
2019
What does Wrapped Bitcoin specialise in?
/Arbitrum Ecosystem /Bitcoin Ecosystem /DeFi /Fantom Ecosystem /FTX Bankruptcy Estate /Medium of Exchange /Moonriver Ecosystem /Optimism Ecosystem /Wrapped Tokens

What are the products and/or services of Wrapped Bitcoin?

Overview of Wrapped Bitcoin offerings
Decentralized exchange (DEX) trading: WBTC can be traded on DEXs such as Uniswap and Sushiswap. This allows users to trade WBTC for other ERC-20 tokens without having to go through a centralized exchange.
Governance: WBTC holders can participate in the governance of the WBTC project by voting on proposals submitted to the WBTC Council.
Lending: WBTC can be lent to other users on lending protocols such as Aave and Compound. This allows lenders to earn interest on their WBTC and borrowers to access Bitcoin liquidity without having to sell their BTC.
Margin trading: WBTC can be used for margin trading on decentralized exchanges and derivative platforms. This allows traders to amplify their profits by trading with leverage.
Payments: WBTC can be used to make payments to merchants who accept it. This allows users to spend their Bitcoin on a wide range of goods and services.
Yield farming: WBTC can be used to participate in yield farming strategies on DeFi platforms. This allows users to earn high yields on their WBTC by depositing it into liquidity pools and lending it to borrowers.