What is Wrapped Crypto (wBTC)

Wrapped Bitcoin (wBTC) is an Ethereum-based token created from bitcoin (BTC) during a 1: 1 relationship that will be used in the growing Ethereum ecosystem for DeFi applications. With wBTC, bitcoin owners can participate in borrowing, crop yielding, margin trading, and other fixed financial features (DeFi). Decentralized finance (DeFi) has shown significant growth in the Ethereum blockchain, and bitcoin wrapped (wBTC) provides a partnership between Bitcoin and Ethereum, allowing bitcoin owners to participate in the growing Ethereum system. The wBTC protocol converts bitcoin into a wBTC token on Ethereum that can be used for limited trading (DEX) and fixed applications (dApp) running on Ethereum.

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