Converti Wrapped Bitcoin WBTC in Rubic RBC

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.

Rubic's Best Rate Finder tool for crypto swaps aggregates 70+ blockchains, 220+ DEXs and bridges, and 15,500+ crypto assets. In one click, you can find the best swap rate, highest liquidity, and transaction speeds. Users no longer have to roam across Web3 platforms comparing rates and liquidity; you can now make cross-chain and on-chain swaps between any 2 available tokens in web3 directly on Crypto traders can also integrate Rubic within their MetaMask wallet. Using our built-in Best Rate Finder MetaMask Snap, you can automatically search and compare rates for any on-chain swap directly in your wallet: We also provide tools for dApps to enable cross-chain swaps. Rubic’s functionality can be implemented by any crypto project willing to become interoperable, with an easy-to-install widget and fully customizable SDK. The Rubic token serves as fuel for Rubic’s ecosystem and has the following token utility: - SDK subscriptions & Integration Service Fee in RBC - Grant programs for SDK integrators will be covered in RBC - Governance - Token holders can participate in decentralized decision-making. - Low fees for RBC holders - Cut costs of cross-chain calls, exchange fees, and gasless fees. - Distribution of partners’ airdrops to RBC holders