wbtc
WBTC (Wrapped Bitcoin) is an ERC-20 token issued on the Ethereum blockchain that represents the value of Bitcoin. WBTC achieves interoperability between Bitcoin and the Ethereum ecosystem by locking Bitcoin in a custodial account and issuing an equivalent amount of WBTC tokens. WBTC allows Bitcoin holders to participate in decentralized finance (DeFi) applications on Ethereum, such as lending, trading, and liquidity mining. Its core utility lies in providing Bitcoin with smart contract functionality and higher liquidity.
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