WBETH (Wrapped Bitcoin ETH)$WBETH
WBETH is a wrapped token representing Bitcoin (BTC) on the Ethereum (ETH) blockchain.
Key Features:
1. Wrapped Bitcoin (WBTC) variant on Ethereum
2. Backed 1:1 by Bitcoin reserves
3. Smart contract-based
4. Compatible with Ethereum ecosystem
Tokenomics:
1. Total Supply: Variable (dependent on Bitcoin reserves)
2. Circulating Supply: Approximately 200,000 WBETH
Use Cases:
1. DeFi (Decentralized Finance) applications
2. Liquidity provision
3. Yield farming
4