Bitcoin ( WBTC )

Auto Allocation - Bitcoin with wBTC

Accumulate dollar cost averaged Bitcoin with swaps into wBTC.

Any WETH sent to an Amasa account which has setup Bitcoin in Auto Allocation, automatically enters a set of smart contracts and is swapped via decentralized exchange ( Uniswap ).

The percentage of WETH swapped to wBTC will match the set percentage chosen by the user in their Auto Allocation.

As part of the same transaction executed by the smart contracts, the user wallet address which was connected to setup the Amasa account will be sent the wBTC.

This asset is then held by, and under the control of the user, not the smart contracts or Amasa.

When rebalancing a portfolio, a user can swap existing assets back to WETH from their dashboard and deposit into their updated Auto Allocation. This may be done if a user wants to change their approach from Stabilise to Amplify or vice versa.

Users can independently confirm and track all transactions on Arbiscan.

Risk Disclaimer

The DeFi space is not without risk. It is highly recommended to do your own research and only supply assets you can afford to lose. Read Risk Disclaimer

What is WBTC?

Wrapped Bitcoin, or WBTC, is an ERC-20 token that represents the value of one Bitcoin. One WBTC should generally be equivalent to one BTC and can be converted back and forth from BTC. The key benefit of WBTC is that it facilitates faster transactions compared to traditional Bitcoin, and it can be integrated into Ethereum wallets, decentralized apps, and smart contracts. At time of writing, there are more than 180,000 WBTC in circulation.

In January 2019, Wrapped Bitcoin was introduced on the Ethereum mainnet. It was a joint effort by leading players in the DeFi ecosystem such as BitGo, Ren, Dharma, Kyber, Compound, MakerDAO and Set Protocol, to increase liquidity in the Ethereum network by incorporating Bitcoin. Currently, the project is governed by a Decentralized Autonomous Organization (DAO) known as the WBTC DAO.

Many of the widely used DeFi dapps on Ethereum necessitate the provision of collateral. On platforms such as MakerDAO and Compound users must pledge crypto assets to borrow other crypto assets. Due to the limited value of Ethereum in comparison to Bitcoin, this limits the potential growth of these protocols. Wrapped Bitcoin enables the integration of Bitcoin on Ethereum and L2s on top of Ethereum,, increasing liquidity and providing more collateral options for dapps. Additionally, Wrapped Bitcoin enables Bitcoin holders to use their assets as collateral while utilizing DeFi dapps like Compound for borrowing or lending purposes.

WBTC promotes trust and transparency through regular audits and publicizing all on-chain transactions and verifications for both the Bitcoin and Ethereum networks. Users have the ability to independently confirm the amount of BTC sent to the WBTC address on the Bitcoin blockchain and check if they match with the creation of WBTC tokens on the Ethereum blockchain. The process of redeeming BTC through the burning of WBTC can also be tracked on the blockchain.