ibBTC
Last updated
Last updated
ibBTC is an asset launched in collaboration with DeFiDollar, it stands for Interest Bearing Bitcoin. It was created to serve as the default Bitcoin asset on Ethereum while generating interest to the users who hold it.
ibBTC itself is a normal ERC-20 token, which means that can be sent normally, lent out, collaterized, bridge to other chains and even trade on a centralized exchange (allowing people whith the most basic DeFi knowledge to start earning interest in just a few clicks).
Users can mint ibBTC at the with different assets, for now these are:
byvWBTC.
bCrvRenWBTC.
bCrvRenWSBTC.
bCrvtBTC.