Not wrapped Bitcoin
Bitcoin Pro vs WBTC
WBTC is a receipt for Bitcoin. Bitcoin Pro is the coin.
WBTC is a claim on Bitcoin someone else is holding. You trust the custodian, and the supply grows when more BTC gets deposited. That's a wrapper.
Bitcoin Pro is not a wrapper. Nothing in the contract hands you BTC back. The supply is its own 2,100,000, finished, renounced. You are not renting Bitcoin. You hold this coin. The price is the BTCP pool, and it does not have to shadow BTC. That's the whole idea.
| WBTC | Bitcoin Pro | |
|---|---|---|
| What you hold | A receipt for BTC | The coin itself |
| Supply | Moves with deposits | 2,100,000 hard cap |
| Redeem for BTC? | That's the product | No. It's BTCP. |
| Who changes supply | The wrapping desk | Nobody. Renounced. |
Both can sit in MetaMask. The addresses cannot. Bitcoin Pro on Ethereum is 0x723CbfC05e2cfcc71d3d89e770D32801A5eEf5Ab. If the swap window is the WBTC contract, you're buying the receipt.
The straight comparison is Bitcoin Pro vs Bitcoin.
Questions
Is Bitcoin Pro wrapped Bitcoin?
No. WBTC is a receipt for BTC. Bitcoin Pro is its own coin.
Does it track the BTC price?
No. It has its own pool.
Can both live in MetaMask?
Yes. Different contracts. Match the address.