Where does value flow in crypto?

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Wrapped Bitcoin

Wrapped Bitcoin uses a federated governance model controlled by Bitgo, Ren, and Kyber Network, to mint WBTC, an ERC-20 token, on Ethereum backed 1:1 by Bitcoin.

bridge TVL

$3,683,872,172

Trustlessness by LI.FI

Score

Very Low

Type

Externally Verified

Security Assumptions

• Bitgo (custodian) is the institution that holds the wrapped assets and has the keys to mint wBTC tokens via smart contracts.

• Bitgo has no staked collateral.

• Merchants like Kyber Network and Republic Protocol hold keys to mint/burn wrapped tokens.

Bug bounties by immunefi.com

This bridge has no bug bounty

Learn how to secure your project

connected chains

##name

value exported

value imported

  1. 01bitcoin

    $3,683,872,172

    $0

  2. 02ethereum

    $0

    $3,683,872,172