CC130 - What Hiding behind Wrapped Bitcoin (WBTC)?

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Avatar for Chesatochi
Written by
4 years ago
In community: Cryptocurrency and Blockchain(7b7f)
Topics: Crypto, Blockchain, Bitcoin

Introduction

Instead, to let your Bitcoin alone doing nothing in your wallet. Why not let it work for you and generate an income from it?

Many people prefer to hodl instead to build a stream of income.

What I cover in this video

Now you have the possibility to send your Bitcoin in a smart contract on the Ethereum network. When you do that, you mint the beautiful token WBTC.

You can generate interest in some places and add liquidity.

Last thought

If you enjoy this content, spread the word around and check my website, newsletter, and podcast or send me a TIP!

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Avatar for Chesatochi
Written by
4 years ago
In community: Cryptocurrency and Blockchain(7b7f)
Topics: Crypto, Blockchain, Bitcoin

Comments

West Bengal Transport Corporation is a West Bengal state government undertaken corporation. It plies buses, trams and ferries in the state.

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User's avatar Maisha-Islam
4 years ago

WBTC stands for Wrapped Bitcoin and is simply an ERC20 token that represents Bitcoin. One WBTC equals one BTC. ... Being an ERC20 token makes the transfer of WBTC faster than normal Bitcoin, but the key advantage of WBTC is its integration into the world of Ethereum wallets, dapps, and smart contracts.iam i right ,?.....

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User's avatar Maisha-Islam
4 years ago

DeFi...i'm still not ready for it...Lol. needs to work out security before i feel safe.

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User's avatar CryptoWordsmith
4 years ago

In that case, invest in Bitcoin.

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User's avatar Chesatochi
4 years ago

what are your thoughts on BTC?

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User's avatar CryptoWordsmith
4 years ago

If you are serious about crypto, Bitcoin is mandatory to expose yourself toward it.

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User's avatar Chesatochi
4 years ago

Amazing story

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User's avatar Bkush
4 years ago

Happy you appreciated the post.

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User's avatar Chesatochi
4 years ago

i do not know how risky this is and what are the fees.

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User's avatar Heruvim78
4 years ago

Right now the gas fees on Ethereum are high.

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User's avatar Chesatochi
4 years ago
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