CC130 - What Hiding behind Wrapped Bitcoin (WBTC)?

@Chesatochi 15 November 2020 more from that month

https://youtu.be/Td_bg_0fKnk **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! Crypto TIP: https://cointr.ee/chesatochi Website: https://chesatochi.com Podcast: https://anchor.fm/dashboard/episodes Newsletter: https://chesatochi.substack.com/

6 comments

@Heruvim78 15 November 2020

i do not know how risky this is and what are the fees.
- @Chesatochi 16 November 2020
  
  Right now the gas fees on Ethereum are high.
@CryptoWordsmith 15 November 2020

DeFi...i'm still not ready for it...Lol. needs to work out security before i feel safe.
- @Chesatochi 16 November 2020
  
  In that case, invest in Bitcoin.
  - @CryptoWordsmith 16 November 2020
    
    what are your thoughts on BTC?
    - @Chesatochi 18 November 2020
      
      If you are serious about crypto, Bitcoin is mandatory to expose yourself toward it.