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
Summary
Ready to earn 15% yield or more with Exponential ?
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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