WBTCUSD
Wrapped Bitcoin / United States dollar
crypto Composite

WBTC is basically bitcoin that lives on ethereum. you lock up real btc with a custodian and they mint you wbtc tokens 1 - 1. the whole point is you can use your bitcoin in defi stuff like lending or liquidity pools without actually selling it. at Merehead weve seen clients use it to earn yield on btc without giving up the upside, but honestly the custodial risk is the catch - youre trusting whoever holds the real bitcoin. thats why some people dont love it and prefer native solutions

Wrapped BTC is basically just a version of Bitcoin that can be used on other blockchains like Ethereum.
Normal BTC works on the Bitcoin network only. But Ethereum has all the DeFi apps and smart contract stuff. So people “wrap” their BTC into a token called WBTC that tracks the price 1:1.
So if you own 1 BTC, you can convert it into 1 WBTC and use it inside Ethereum apps without actually selling your bitcoin.
The catch is that it adds extra trust/risk because now you’re depending on custodians/bridges/smart contracts instead of just the Bitcoin network itself.

WBTC is basically bitcoin that lives on ethereum. you lock up real btc with a custodian and they mint you wbtc tokens 1 - 1. the whole point is you can use your bitcoin in defi stuff like lending or liquidity pools without actually selling it. at Merehead weve seen clients use it to earn yield on btc without giving up the upside, but honestly the custodial risk is the catch - youre trusting whoever holds the real bitcoin. thats why some people dont love it and prefer native solutions

Wrapped BTC is basically just a version of Bitcoin that can be used on other blockchains like Ethereum.
Normal BTC works on the Bitcoin network only. But Ethereum has all the DeFi apps and smart contract stuff. So people “wrap” their BTC into a token called WBTC that tracks the price 1:1.
So if you own 1 BTC, you can convert it into 1 WBTC and use it inside Ethereum apps without actually selling your bitcoin.
The catch is that it adds extra trust/risk because now you’re depending on custodians/bridges/smart contracts instead of just the Bitcoin network itself.