As Wrapped Bitcoin tokens adhere to the ERC-20 token standard, one can use them across the broader Ethereum ecosystem. That includes trading them on decentralized exchanges — like [Uniswap](https://coinmarketcap.com/currencies/uniswap/), [1Inch](https://coinmarketcap.com/currencies/1inch/), [Sushiswap](https://coinmarketcap.com/currencies/sushiswap/) — and exploring decentralized finance opportunities through protocols and platforms supporting WBTC.
DeFi opportunities for WBTC range from lending and borrowing to [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming), token swapping and [liquidity pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). Various protocols and platforms support Wrapped Bitcoin, including [Aave](https://coinmarketcap.com/currencies/aave/), [Balancer](https://coinmarketcap.com/currencies/balancer/), [Compound](https://coinmarketcap.com/currencies/compound/), [MakerDAO](https://coinmarketcap.com/currencies/maker/). Some of these providers may issue platform-native governance tokens as an extra incentive.
Using WBTC as colateral for a crypto-backed loan can be a significant option for businesses. Additionally WBTC holders can earn interest from supplying liquidity, although the APY will be relatively low.
Another option for WBTC is to engage in margin trading, where Wrapped Bitcoin is used to margin trade [Ethereum](https://coinmarketcap.com/currencies/ethereum/), stablecoins and other ERC-20 tokens. Users deploy WBTC to enhance fund security while trading. That process is fully non-custodial and powered by smart contract technology.