What can I do with WBTC?

WBTC, the Wrapped Bitcoin, offers a versatile integration into the decentralized finance (DeFi) ecosystem. It enables users to engage in various financial activities that were previously limited to traditional cryptocurrencies.

One of the primary use cases of WBTC in DeFi is lending and borrowing. Platforms like Aave and Compound facilitate peer-to-peer lending and borrowing, allowing users to earn interest on their idle WBTC or borrow against it at competitive rates.

Token-swapping is another popular application of WBTC in DeFi. It allows users to easily convert their WBTC into other digital assets or vice versa, without the need for centralized exchanges. Platforms like Kyber Network and Uniswap offer seamless and efficient token-swapping services.

Yield farming, a popular strategy in DeFi, also leverages WBTC. By depositing WBTC into liquidity pools or participating in smart contract-based farming protocols, users can earn rewards in the form of tokens or additional WBTC.

Liquidity pools, which are essential for the smooth functioning of decentralized exchanges and other DeFi protocols, also accept WBTC. These pools provide liquidity for trading pairs, enabling users to buy and sell assets seamlessly. WBTC's integration into liquidity pools further enhances its utility and accessibility in the DeFi space.