Is it ERC20?
renBTC
renBTC
Overview
renBTC is an ERC20 token that represents Bitcoin on the Ethereum blockchain. It enables Bitcoin holders to access decentralized finance (DeFi) applications without having to sell their Bitcoin, maintaining a 1:1 peg with BTC. Developed by the Ren Project, renBTC facilitates cross-chain liquidity and broadens Bitcoin’s functionality in the DeFi ecosystem.
Key Features
Stability
Pegged 1:1 to the US Dollar
Wide Adoption
Available on multiple blockchains
Market Information
Technical Details
Integration Projects
Ren Protocol
Visit →The underlying framework that powers renBTC, enabling decentralized interoperability between Bitcoin and other blockchain networks.
RenBridge
Visit →A bridge application allowing users to convert Bitcoin into renBTC and vice versa, thereby unlocking Bitcoin’s potential in Ethereum-based platforms.
DeFi Integrations
Visit →Numerous decentralized applications integrate renBTC as collateral for lending, trading, and yield farming, bolstering Bitcoin’s use in DeFi.