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Interest bearing BTC (ibBTC) is a Badger DAO asset launched in collaboration with DeFiDollar, it stands for Interest Bearing Bitcoin. It was created to serve as the default interest-bearing Bitcoin asset across DeFi. ibBTC is an ERC-20 token. As such it can be transferred normally, lent out, collateralized and bridged to other chains with the goal of enabling people with the most basic DeFi knowledge to start earning interest in just a few clicks.
ibBTC can either be minted through our dapp or obtained via AMM swap on multiple chains.