When working with renBTC, a tokenized version of Bitcoin that lives on the Ethereum network through the RenVM cross‑chain bridge. Also known as renBTC token, it lets Bitcoin holders tap into Ethereum‑based DeFi without moving their original BTC. renBTC acts as a bridge between two of the biggest crypto ecosystems.
The idea behind Bitcoin, the original decentralized digital currency is simple: store value securely and transfer it peer‑to‑peer. Ethereum, a programmable blockchain that hosts smart contracts and DeFi apps opened the door for new financial tools, but it can’t directly use BTC. This is where a wrapped token, a representation of an asset on a different blockchain like renBTC becomes essential. The RenVM bridge locks real BTC on the Bitcoin network and mints an equal amount of renBTC on Ethereum, preserving a 1:1 peg. The result is a system where renBTC enables Bitcoin liquidity to flow into Ethereum DeFi protocols, earn yield, and participate in lending, borrowing, or liquidity mining.
Because renBTC is fully collateralized and auditable, it satisfies two key requirements for DeFi participation: trustlessness and interoperability. Trustlessness comes from the decentralised validator set that secures the bridge, while interoperability means any ERC‑20 compatible wallet or DEX can handle renBTC just like any other token. This creates a semantic chain: renBTC bridges Bitcoin to Ethereum, Ethereum hosts DeFi apps, and DeFi apps use wrapped tokens to unlock new financial opportunities. Below you’ll find guides, reviews, and deep dives that show how renBTC fits into tokenomics, trading strategies, and cross‑chain ecosystems, giving you practical insight to use it confidently.
Learn what renBTC is, how it wraps Bitcoin onto Ethereum, and how you can use it in DeFi. This guide covers minting, redemption, risks, fees, and future outlook.