Wrapped Bitcoin supplied on Aave hits record high despite backing fears
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.
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WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.
BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token […]
The integration comes as other Bitcoin wrappers face scrutiny for custody practices.
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
The team behind Sky, formerly Maker, wants to drop WBTC due to what it claimed were recent changes in ownership and control “likely involving Justin […]
Nomic’s nBTC will compete with wBTC and come without controversy or centralization concerns.
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
It aims to bring institutional-grade security to wrapped BTC.
