Asset Guide - wBTC
Guide to wBTC on Sei
What is wBTC?
wBTC (Wrapped Bitcoin) is an ERC20 token that represents Bitcoin on Ethereum, allowing BTC to be used in DeFi applications, smart contracts, and liquidity pools. Each wBTC is backed 1:1 with BTC and can be wrapped or unwrapped via custodians like BitGo.
Where do I get wBTC?
You can get wBTC from:
On-chain swaps via Sei based DEXs like Symphony.
Centralized Exchanges like Binance, Coinbase, Kraken, OKX.
Wrapping BTC via BitGo or other authorized custodians.
Get wBTC to Sei
Method 1: Swap for wBTC on Sei
Method 2: Bridge wBTC to Sei via Yei Bridge
This method is available on Ethereum, Avalanche, and Base (where wBTC is currently supported). For other chains, please consider using stablecoins and swap on Sei.
Acquire wBTC.
Get wBTC from a CEX.
Bridge wBTC to Sei.
Navigate to Yei Bridge.
Select your source chain and Sei as the destination.
Review the bridge details.
Approve the transaction.
Supply wBTC on Yei
Deposit wBTC.
Navigate to the Yei Finance page.
Locate wBTC, and click "Supply".
Enter the amount and confirm the transaction.
That’s it! 🎉 You are now utilizing your wBTC to earn rewards and Yei points.
Bridge wBTC out of Sei
Method: Cross chain via Yei Bridge
This method is currently supported for bridging to Ethereum, Avalanche, and Base.
Bridge via Yei Bridge.
Navigate to Yei Bridge.
Select Sei as the source chain and choose your destination chain.
Review the bridge information.
Approve the transaction.
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