iBTC is an inverse synthetic Bitcoin token enabled by the Synthetix protocol. It inversely tracks the price of Bitcoin through price feeds supplied by Chainlink’s decentralized network of oracles. It can be traded without slippage for other assets native to the Synthetix protocol at Kwenta or Synthetix.Exchange. More information about Inverse Synths can be found in the Synthetix Docs.
Visit the official iBTC (Synthetix) website.