Wrapped BTC (Polygon zkEVM)

WBTC

WBTC is a DeFi-compatible version of BTC backed by BTC reserves held by a licensed custodian (BitGo).

Risk Rating
Good
What is Wrapped BTC (Polygon zkEVM)?

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Information
Blockchain
  • Polygon zkEVM
Info
  • Asset Type: ERC-20
Key Metrics
Risk Assessment
Good
Asset Strength

WBTC is a mid-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Polygon zkEVM bridge, a protocol rated as Good.

Dependencies

Polygon zkEVM Bridge

Asset Tokenomics

WBTC has a fixed supply. WBTC is a DeFi-compatible version of Bitcoin. It is backed 1:1 by BTC custodied by BitGo. WBTC on Polygon zkEVM is backed 1:1 by WBTC locked on the Ethereum chain in the Polygon zkEVM bridge protocol.

Things to know about WBTC

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WBTC Pools
Gamma BTC-ETH Market Making
WETHWBTC
8.7%
Yield
$28K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM
Details

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