Posts about $cbBTC
What makes cbBTC special?
@juiopoAsset-Backed+1•0$cbBTC I compared instant and delayed unstaking using the same amount of [cbbtc]. What stood out to me was that the two options involve a clear trade-off between liquidity and the amount received. However, the interface makes the user calculate this trade-off mentally because the relevant information is separated. A simple comparison such as “receive X now” versus “receive Y after approximately Z hours” would make the cost of immediate liquidity much easier to understand.
Frequently asked questions
What is Coinbase Wrapped BTC?
Coinbase Wrapped BTC (cbBTC) is a tokenized representation of Bitcoin that is compatible with the Solana blockchain. Each cbBTC is backed 1:1 by Bitcoin held in custody by Coinbase, allowing BTC holders to interact with Solana's decentralized finance (DeFi) applications. This enables users to utilize their Bitcoin for activities like liquidity provision and collateral for borrowing on the Solana network.
What chain is Coinbase Wrapped BTC on?
Coinbase Wrapped BTC is on Solana.
How many holders does Coinbase Wrapped BTC have?
Coinbase Wrapped BTC has 76,609 holders.
What is the current price of Coinbase Wrapped BTC?
The current price of Coinbase Wrapped BTC is $80,239.34.
What is the TokenGems score of Coinbase Wrapped BTC?
The TokenGems score of Coinbase Wrapped BTC is 76. A 0–100 quality rating computed from price performance, holder distribution, trading volume, and community activity.