IntroductionWrapped bitcoin tokens on EVM-based chains satisfy market demand for using bitcoin (BTC) on more expressive smart contract platforms. All wrapped versions of BTC come with various trust assumptions. Traditionally, wBTC has dominated market share for bitcoin-backed ERC-20 tokens on Ethereum. wBTC is custodied by a single party, BitGo. BitGo is a digital assets company that offers various solutions, including professional custody. Recently, BitGo announced they’d be distributing thi...