GTBTC Gate Wrapped BTC

Gate Wrapped BTC (GTBTC) is a wrapped, yield-generating tokenized representation of Bitcoin issued by Gate Web3. Each GTBTC is backed 1:1 by Bitcoin held in Gate's BTC reserves, with the underlying assets wrapped into a standardized on-chain token format. The token is designed to bridge traditional Bitcoin exposure with decentralized finance functionality. Holders can obtain GTBTC by staking BTC through Gate's staking platform, where the wrapped asset accrues value over time through net asset growth rather than through explicit reward distributions. GTBTC is intended to serve both centralized and decentralized finance use cases, aiming to provide a balance between yield generation and liquidity. Because it is issued as a standardized on-chain token, it can be integrated into a range of DeFi applications across multiple blockchain ecosystems, including BNB Chain, Solana, Ethereum, Base, and Abstract, giving holders flexibility in how they deploy their Bitcoin-linked assets within those networks.