WBTCUSD
Wrapped Bitcoin / United States dollar
crypto Composite

The DEX landscape has definitely tightened up on privacy lately. For ETH to BTC specifically, you'll want to look at cross-chain protocols that don't require wrapped tokens.
A few things to consider:
1. \*\*Direct cross-chain swaps\*\*: Look for protocols that actually move native BTC rather than using WBTC. The slippage can be higher but you avoid custodial risk.
2. \*\*AMM vs order book\*\*: AMMs typically have less stringent requirements but watch the slippage on larger trades. Some newer hybrid models offer better pricing.
3. \*\*Multi-hop routing\*\*: Sometimes going ETH → stablecoin → BTC gives better rates and more privacy options, even with the extra step.
4. \*\*Timing matters\*\*: Network congestion affects both fees and privacy. I've had better luck during off-peak hours when there's more organic volume to blend with.
The key is avoiding anything that requires email verification or session tokens. Stick to protocols where you can connect wallet → swap → disconnect. Always test with small amounts first - some "no-KYC" services still have hidden limits that trigger verification.

APR for WBTC dropped below .01%, USDC is at 2.5%. So that would mean they don't expect BTC will go up by more than 2.5% in the next year.

The DEX landscape has definitely tightened up on privacy lately. For ETH to BTC specifically, you'll want to look at cross-chain protocols that don't require wrapped tokens.
A few things to consider:
1. \*\*Direct cross-chain swaps\*\*: Look for protocols that actually move native BTC rather than using WBTC. The slippage can be higher but you avoid custodial risk.
2. \*\*AMM vs order book\*\*: AMMs typically have less stringent requirements but watch the slippage on larger trades. Some newer hybrid models offer better pricing.
3. \*\*Multi-hop routing\*\*: Sometimes going ETH → stablecoin → BTC gives better rates and more privacy options, even with the extra step.
4. \*\*Timing matters\*\*: Network congestion affects both fees and privacy. I've had better luck during off-peak hours when there's more organic volume to blend with.
The key is avoiding anything that requires email verification or session tokens. Stick to protocols where you can connect wallet → swap → disconnect. Always test with small amounts first - some "no-KYC" services still have hidden limits that trigger verification.

APR for WBTC dropped below .01%, USDC is at 2.5%. So that would mean they don't expect BTC will go up by more than 2.5% in the next year.

Source: On‑chain data shows 73 WBTC ($5M) sold by World Liberty Financial, a Trump‑linked crypto project. https://www.gate.com/tr/news/detail/18611894?utm_source

you can swap BTC for WBTC directly on a few platforms like Curve or Uniswap, but I usually use Changelly for quick swaps like this one