eBTC

eBTC: Decentralized Synthetic Bitcoin on Ethereum eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. Backed exclusively by Lido's stETH and powered by immutable smart contracts, eBTC minimizes counterparty reliance to ensure maximum security and decentralization. Key Features Collateralized and Secure eBTC is exclusively backed by Lido's stETH, providing a robust and reliable foundation. The use of immutable smart contracts ensures minimized counterparty risk. Decentralized Synthetic Bitcoin Designed to be the most decentralized synthetic Bitcoin in DeFi, eBTC offers a trustworthy alternative to traditional BTC derivatives. Zero-Cost Borrowing eBTC allows anyone worldwide to borrow BTC at no cost, democratizing access to Bitcoin through decentralized finance. Built by BadgerDAO eBTC is developed by BadgerDAO, a renowned organization in the DeFi space known for creating innovative solutions that bridge Bitcoin and Ethereum. By leveraging the power of the Ethereum network and Lido's stETH, eBTC aims to provide a decentralized and secure way to gain exposure to Bitcoin, making it an essential asset in the DeFi ecosystem.