Bitcoin backed WBTC may be the need of the hour on DeFi

Bitcoin backed WBTC may be the need of the hour on DeFi

After noticing a constant rise in Bitcoin locked in Decentralized Finance [DeFi], the total BTC on the platform stood at 2.1k. Despite the tremendous losses noted by the DeFi in March, the value of BTC did not waver, rather remained stable. Adding to this stability, Maker approved WBTC as the collateral asset. Could WBTC become …

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