Wrapped Bitcoin’s Provide Has Extra Than Doubled, however BadgerDAO Hack Uncovered Dangers of Shifting Bitcoin to Ethereum

“It seems that it’s at present simpler to borrow and lend with WBTC than BTC since customers can work together with DeFi lending protocols like Compound, Aave and Maker to lend their WBTC and borrow USDC, dai, or different property towards it,” Joe Keefer, a dealer at Grapefruit Buying and selling, one of many greatest WBTC retailers, informed CoinDesk on Telegram. “There are additionally many alternatives to make use of WBTC instantly in yield farming.”

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