cWBTC is an interest-accruing token that represents a WBTC deposit in the Compound lending market
cWBTC 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 Compound, a protocol rated as Average.
cWBTC has a fixed supply. cWBTC is a receipt of a WBTC deposit in the Compound lending protocol and accrues interest. WBTC is a DeFi-compatible version of Bitcoin. It is backed 1:1 by BTC held with a licensed custodian (BitGo).
cWBTC is highly correlated to the overall market.