Wrapped Bitcoin Offers DeFi Opportunities, Carries Custodial Risks
Wrapped Bitcoin (WBTC) offers a bridge for Bitcoin holders to engage with the Ethereum-based decentralized finance (DeFi) ecosystem. For Bitcoin holders, WBTC provides a new way to put Bitcoin to work. They can use other DeFi protocols, such as lending platforms or liquidity pools. This model comes with custodial risk...
