Wrapped BTC (Cronos)
WBTC
WBTC is a DeFi-compatible version of Bitcoin backed by BTC reserves held with a licensed custodian (BitGo).
Risk Rating
Good
What is Wrapped BTC (Cronos)?
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Blockchain
- Cronos
Info
- Asset Type: CRC-20
Key Metrics
Risk Assessment
Good
Asset Strength
WBTC is a mid-cap, fully collateralized asset. This asset depends on two centralized entities for custody services.
Dependencies
Wrapped BTC (Cronos) has no dependencies.
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 Cronos is backed 1:1 by WBTC locked on the Ethereum chain in the Multichain bridge protocol.
Things to know about WBTC
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