DeFiChain Bitcoin


dBTC is a wrapped version of BTC that is compatible with the DeFiChain ecosystem. Every dBTC is backed by 1 BTC locked on DeFiChain.

Risk Rating
What we like
Provides easy on-ramp and off-ramp to convert your BTC into a DeFiChain-compatible version that is backed 1:1 by underlying reserves.
What we like less
dBTC is backed by underlying BTC reserves that are held in custody with Cake DeFi (through BitGo), which increases centralization risks.
What it means for you
dBTC provides you price exposure to BTC and can also be used in the DeFiChain DEX to earn trading fees.
  • DeFiChain
  • Asset Type: DST
Key Metrics
Risk Assessment
Asset Strength

dBTC is a low-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of DeFiChain DEX, a protocol rated as Risky. The asset has an uncapped supply but has inflation control or burn mechanisms in place.

Asset Volatility

dBTC is highly correlated to the overall market.


DeFiChain DEX

Things to know about dBTC

Who invented dBTC?

dBTC is a tokenized version of BTC on DeFiChain and backed by BTC collateral held with Cake DeFi (via BitGo).

How does dBTC work?

dBTC is created and maintained by a centralized entity, Cake DeFi. Users can mint dBTC by depositing BTC into Cake DeFi and withdrawing to their wallet address on DeFiChain.

How secure is dBTC?

dBTC will never have the same level of decentralization or security as BTC since it relies on trusting people and organizations to manage the system instead of automated smart contracts.

dBTC Pools