Wrapped Bitcoin (WBTC) Is Now Live on Ethereum
Kyber’s Role
Kyber will be supporting WBTC as a launch partner in 3 main roles — as a founding merchant/liquidity provider, a DAO member, and by listing WBTC on Kyber Network, allowing it to be used in a wide range of swap services, wallets, websites, and DApps. End User Token Swaps: Anyone can swap an ERC20 token for WBTC and vice versa in popular wallets, third party websites, and mobile apps that are integrated with Kyber, such as MyEtherWallet, imToken, Enjin Wallet, and CoinGecko. Besides DApps that have integrated with Kyber, WBTC will also have immediate usage in other financial DApps, such as how Compound will create a liquid interest rate market on WBTC, Dharma enabling users to borrow and lend WBTC, and dYdX supporting a leveraged long WBTC token and a short WBTC token.
Source: blog.kyber.network