Convert Wrapped Bitcoin WBTC to Impossible Finance IF
WBTC to IF: 1 Wrapped Bitcoin converts to 23,864,280.07 IF
About WBTC and IF
Wrapped Bitcoin is climbing, while Impossible Finance is falling this week. The current WBTC to IF conversion rate is 23,864,280.07. Inversely, this means that if you convert 1 IF you will get 0.0000000419 WBTC. The conversion rate of WBTC/IF has decreased by 0.09% in the last hour (IF/WBTC increased by 0.09%). In the last 24 hours, WBTC/IF grew by 0.34%, while IF/WBTC shrunk by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 23,864,280.07 IF. In other words, to buy 5 Wrapped Bitcoin, it would cost you 119,321,400.37 IF. Inversely, 1 IF would allow you to trade for 0.0000000419 WBTC while 50 IF would convert to 0.000002095 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.51%. Meanwhile, in the last 24 hours, the rate has changed by 1.03%, which means that the highest exchange rate of 1 WBTC to IF was 23,948,540.85 IF and the lowest 24 hour value was 1 WBTC for 23,570,677.17 IF. Last month, 1 WBTC was worth 28,644,758.28 IF. Today, it's down 20.03%. Looking back a year, Wrapped Bitcoin has changed by 14,534,131.00 IF. That means that in a single year, the value of Wrapped Bitcoin has grown by 39.1%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Impossible Finance Market Stats
The first two Impossible Finance products revolve around yield & autonomous community creation. Versus TradFi’s low yields, defi yield protocols have been a killer app, but impermanent loss still looms large. Instead, focusing on low-IL asset pools such as EUR and JPY stablecoins, where central banks have negative interest rates, or non-dividend yielding synthetics (hint: high growth stocks don’t have dividends) like synthetic TSLA, we propose the first wave of “Impossible Yield” products powered by our stablecoin swap, StableXswap. Taking a page out of Aave & Synthetix’ playbook, this also encourages us to integrate many synthetic assets, lending protocols, and cross-chain solutions to aggregate liquidity. This yield generated from stable EUR, JPY, or TSLA pools is unbeatable by TradFi, at least until the ECB changes policies, the Japanese population pyramid inverts, or Elon Musk changes his website’s FAQ. In early 2021, we saw Wall Street Bets clash with Robinhood & hedge funds, putting emphasis on addressing retail users’ needs without sacrificing user autonomy. Beyond avoiding business models that actively harm users (i.e. selling flow to frontrunners, or hiding spreads to mask fees), why would you ever accept dividendless holdings when defi can give you yield? That’s Impossible Finance: we’re hellbent on providing better financial instruments for the world. The second release of Impossible Finance products tackle crypto’s best killer app: fundraising. In the wake of 2017 ICO scams, Vitalik posited DAICOs, (DAO + ICOs), where project teams could raise smart- contract vested funds, provided they achieve certain milestones. Governors determined whether the team was still building, or else refund investors. However, 2018 lacked robust governance and voting portals (i.e.snapshot.page), let alone real products to invest in. Today, we propose the launch of self-sustaining- initial-dex-offerings, or SSIDOs. With the power of yield from our AMMs and partner protocols, a team that raises $10M with a $2M burn rate can be self-sustaining with just 20% APY, creating a new raise once, build forever model. The Andre’s of the world can find capital & liquidity and no longer need to rely on cexes and rent-seeking private investment funds to pay the bills. Meanwhile, vesting stable LP tokens from the fundraise stay within our AMM, which creates sticky TVL. Teams that raise via this system get automatically transparent banking, while traders get access to steady liquidity, anti-rugpull peace of mind. Our mission at Impossible Finance will be to continue finding win-wins for traders, investors, projects, and protocols alike.
Conversion tables
WBTC to IF values from Today at 7:00 pm
0.5 WBTC = 11,932,140.04 IF |
1 WBTC = 23,864,280.07 IF |
5 WBTC = 119,321,400.37 IF |
10 WBTC = 238,642,800.74 IF |
50 WBTC = 1,193,214,003.71 IF |
100 WBTC = 2,386,428,007.43 IF |
500 WBTC = 11,932,140,037.15 IF |
1,000 WBTC = 23,864,280,074.30 IF |
IF to WBTC values from Today at 7:01 pm
0.5 IF = 0.00000002095 WBTC |
1 IF = 0.0000000419 WBTC |
5 IF = 0.0000002095 WBTC |
10 IF = 0.000000419 WBTC |
50 IF = 0.000002095 WBTC |
100 IF = 0.00000419 WBTC |
500 IF = 0.00002095 WBTC |
1,000 IF = 0.0000419 WBTC |
WBTC to IF over time
WBTC | Today | 24H 1.03% | 1M -20.03% | 1Y 39.10% |
|---|---|---|---|---|
0.5 WBTC | 11,932,140.04 IF | 11,809,676.98 IF | 14,322,379.14 IF | 7,267,065.50 IF |
1 WBTC | 23,864,280.07 IF | 23,619,353.95 IF | 28,644,758.28 IF | 14,534,131.00 IF |
5 WBTC | 119,321,400.37 IF | 118,096,769.76 IF | 143,223,791.38 IF | 72,670,655.01 IF |
10 WBTC | 238,642,800.74 IF | 236,193,539.52 IF | 286,447,582.76 IF | 145,341,310.01 IF |
50 WBTC | 1,193,214,003.71 IF | 1,180,967,697.58 IF | 1,432,237,913.80 IF | 726,706,550.07 IF |
100 WBTC | 2,386,428,007.43 IF | 2,361,935,395.16 IF | 2,864,475,827.60 IF | 1,453,413,100.14 IF |
500 WBTC | 11,932,140,037.15 IF | 11,809,676,975.79 IF | 14,322,379,137.99 IF | 7,267,065,500.71 IF |
1,000 WBTC | 23,864,280,074.30 IF | 23,619,353,951.58 IF | 28,644,758,275.98 IF | 14,534,131,001.42 IF |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $64,003.13.
Based on the current rate, you could get 0.00001562 WBTC for 1 USD.
Wrapped Bitcoin price has been on the rise. Since yesterday, the exchange rate of Wrapped Bitcoin has increased. Since last month, the exchange rate of Wrapped Bitcoin has decreased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.00007812 WBTC. Inversely, 5 WBTC will cost about $320,015.67
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido wstETH, Wrapped Beacon ETH, and USDS. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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