Interest Bearing Bitcoin (IBBTC) price, chart, coin profile and news

Find the latest Interest Bearing Bitcoin (IBBTC) price, coin profile, news and history to get you started with Interest Bearing Bitcoin trading and investing.

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What is Interest Bearing Bitcoin?

Interest-Bearing Bitcoin, or ibBTC, is a collateral-backed representation of Bitcoin for use within decentralised finance (DeFi) ecosystems. The token can be used on the Ethereum, Polygon, and Binance Smart Chain (BSC) blockchains. The token was developed thanks to a collaboration between DeFiDollar Finance and Badger Finance that had a goal of creating an interest-bearing tokenised version of Bitcoin that could be used instead of other tokenised non-interest-bearing versions of BTC such as wBTC, renBTC, and tBTC. Importantly, alongside providing a way to use BTC within DeFi, ibBTC provides a way for users to consistently earn yield.

According to DeFiDollar Finance documentation, the ibBTC token uses underlying yield-bearing assets as collateral for Bitcoin. To mint ibBTC, users must deposit Curve liquidity provider (LP) tokens that are generated by depositing renBTC, sBTC and tBTC into Curve liquidity pools. After depositing Curve liquidity provider tokens, holders receive interest based on a rate derived from the return of the underlying yield-bearing assets.

Interest Bearing Bitcoin (IBBTC) is the 609th largest cryptocurrency in the world by market cap, valued at $28,946,419. The current price of Interest Bearing Bitcoin is $41610.51, which is 0.811% higher than yesterday. Prices have ranged between $41710.62 and $40579.8 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 25, 2022 03:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Interest Bearing Bitcoin (IBBTC) price

Use our graph to track the performance of (IBBTC) over time.

Interest Bearing Bitcoin at a glance

Information last updated May 25, 2022 03:05 UTC.
Coin symbol IBBTC
Coin Marketcap AUD$28,946,419
Total IBBTC supply 981
Circulating IBBTC 981
Current price AUD$41610.51
All time high AUD$135.1908
All time high date November 09, 2021

Interest Bearing Bitcoin price performance over time

Historical prices compared with the price of $41610.51.

1 hour N/A
24 hours 0.81%
7 days -3.03%
14 days -5.09%
30 days N/A
60 days -31.15%
200 days -51.51%
1 year -26.27%

Disclaimer: Cryptocurrencies, including Interest Bearing Bitcoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of IBBTC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Interest Bearing Bitcoin or any other cryptocurrency discussed.

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