{"id":"cwbtc","version":1,"language":"en","title":"cWBTC","hidden":false,"content":"**Compound WBTC (cWBTC)** is the cToken given to users who supply [WBTC](https://iq.wiki/wiki/wrapped-bitcoin-wbtc) to the [Compound protocol](https://iq.wiki/wiki/compound). Users can earn cWBTC by depositing [WBTC](https://iq.wiki/wiki/wrapped-bitcoin-wbtc). [\\[1\\]](#cite-id-408419ce5zg)  \n  \n# Overview  \n  \n[Compound](https://iq.wiki/wiki/compound) Protocol is an [Ethereum](https://iq.wiki/wiki/ethereum)-based lending and borrowing protocol. The protocol provides cTokens, representing the funds a user has deposited in the [Compound](https://iq.wiki/wiki/compound). cWBTC is a category of cTokens that users can receive in exchange for depositing WBTC.  \n  \nEach asset integrated with the Compound Protocol is connected through a cToken contract, adhering to the EIP-20 standard for representing supplied balances. [Minting](https://iq.wiki/wiki/minting) cTokens provides users with the opportunity to earn interest through the cToken's exchange rate, which increases relative to the underlying asset, and enables the use of cTokens as collateral. [\\[2\\]](#cite-id-0f37d1spduet)  \n  \nIn January 2019, the Compound community voted in favor of adding cWBTC to the Compound Protocol. The cWBTC [smart contract](https://iq.wiki/wiki/smart-contract) was verified by Certora. [\\[3\\]](#cite-id-jzxiw5atk4)","summary":"cWBTC is a cToken given by Compound Protocol to users who deposit WBTC, enabling interest-earning opportunities and use of the asset as collateral.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[],"metadata":[{"id":"references","value":"[{\"id\":\"408419ce5zg\",\"url\":\"https://compound.finance/markets/WBTC\",\"description\":\"Compound Finance cWBTC\",\"timestamp\":1699617530090},{\"id\":\"0f37d1spduet\",\"url\":\"https://docs.compound.finance/v2/ctokens/#:~:text=cTokens%20are%20the%20primary%20means,of%20cTokens%3A%20CErc20%20and%20CEther.\",\"description\":\"Compound Finance Docs\",\"timestamp\":1699617577965},{\"id\":\"jzxiw5atk4\",\"url\":\"https://medium.com/compound-finance/adding-wbtc-to-the-compound-protocol-b032da38511c\",\"description\":\"Adding WBTC to the Compound Protocol\",\"timestamp\":1699617589634}]"},{"id":"etherscan_profile","value":" https://etherscan.io/token/0xc11b1268c1a384e55c48c2391d8d480264a3a7f4 "},{"id":"previous_cid","value":"QmX1JddqvWUh9usmqoVhdvWTmHnZsDF7pwjuCtt49xBDRw"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0xfaF91FF28393Cf9292A351DbEa5FA6DCF34538D3","profile":{"username":"yena","avatar":""}},"media":[],"views":8,"events":[],"ipfs":"QmX1JddqvWUh9usmqoVhdvWTmHnZsDF7pwjuCtt49xBDRw","transactionHash":"0xbcf9dfbf490a58db9f5b8c7a93702f6bfa776b0a9791e895c678272e6286d55a","created":"2023-11-10T12:03:13.000Z","updated":"2023-11-10T12:03:13.000Z","images":[{"id":"QmaGt4QMv9Pd2v3fg3apaa8ZE3HasNkCWvBECaBzCaMnBy","type":"image/jpeg, image/png"}],"linkedWikis":null}