1H
0.04%$24.89
24H
-0.51%$319
7D
0.92%$568
30D
13.2%$7 251
Sky is rethinking its recent decision to offboard WBTC, following BA Labs’ assessment that the risk to WBTC exposure is now “more acceptable”.
With WBTC being phased out, the protocol is now exploring alternative wrapped Bitcoin solutions.
BitGo, the firm behind WBTC, announced last week that it would become a minority shareholder in its own project, while Justin Sun and BiT Global will be the majority stakeholders.
The Coinbase Wrapped Bitcoin will operate as an ERC20 token backed 1:1 with BTC held by the exchange on behalf of the users.
TeleportDAO is making waves in the market with its TeleSwap protocol, which allows users to swap Wrapped Bitcoin (WBTC) for native Bitcoin (BTC) in a fully decentralized manner.
Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.
WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.
WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.
In this guide, we will delve into the origins and evolution of the Dogecoin meme coin, exploring its unique value proposition and key features that set it apart from other cryptocurrencies.
In this guide, you’ll find out what cryptocurrency derivatives are, why the ever-growing number of investors choose to turn to this financial product and what potential it holds for the crypto space.
