WBTC Wrapped Bitcoin
Source: WBTCUSD Chart by TradingView
Wrapped Bitcoin delivers the power of Bitcoin with the flexibility of an ERC20 token. WBTC is the first ERC20 token backed 1:1 with Bitcoin.
How Chainlink (LINK) can now prove $1 billion of Wrapped Bitcoin on BitGo
Blockchain agnostic protocol and decentralized oracle provider Chainlink will now be used by crypto custodian service BitGo to provide verifiable proof of the latter’s $1 billion worth of Wrapped Bitcoin in storage, as per a release.
Wrapped Bitcoin will now have a 40% collateral factor on Compound
A proposal by Alameda Research last week to increase the collateral for Wrapped Bitcoin (WBTC) to 40 percent was passed today after a governance poll on Compound Labs.
Founder of Compound votes against using wrapped Bitcoin as collateral, deems WBTC “risky”
Robert Leshner, the founder of Compound, has voted against the latest proposal to increase the WBTC collateral factor on the platform from 0 to 65 percent.
Total amount of wrapped Bitcoin (WBTC) in the Kyber Network triples after being added to Compound
The total amount of Wrapped Bitcoin (WBTC) locked in the Kyber Network had almost tripled in a single day, DeFi Pulse reported.
All images, branding and wording is copyright of Wrapped Bitcoin. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.