Where does value flow in crypto?



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


Trustlessness by LI.FI


Very Low


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

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connected chains


value exported

value imported

  1. 01bitcoin



  2. 02ethereum