Wrapped Bitcoin (WBTC) is now available on DeFi Swap. Users can swap WBTC, be WBTC Liquidity Providers to earn fees and boost their yield by up to 20x when staking CRO.
Wrapped Bitcoin (WBTC) is an ERC-20 token backed 1:1 by Bitcoin. WBTC brings the liquidity of Bitcoin to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin.
WBTC joins a growing list of tokens on DeFi Swap, such as Yearn Finance (YFI), (Wrapped) Ether (WETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Chainlink (LINK), Compound (COMP) and Crypto.com Coin (CRO).