Tag: (wBTC)
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Know What Is Wrapped Bitcoin (wBTC) and How Does It WorkÂ
Wrapped Bitcoin (wBTC) may be utilized on Ethereum’s expanding decentralized apps. The wBTC protocol has expanded liquidity in the DeFi ecosystem and provided Bitcoin holders access to new financial services. What Is wBTC? An ERC-20 token called Wrapped Bitcoin (wBTC) is backed 1:1 by Bitcoin (BTC). Kyber, Ren, and BitGo released Wrapped Bitcoin, the first…