Wrapped tokens are game-changers for cross-chain compatibility and liquidity.
They're pegged to other assets and wrapped in an ERC-20 format for use on Ethereum-based DEXes.
Let's explore👇
Want to trade #bitcoin on an #ethereum DEX?
Wrapped Bitcoin ($WBTC) makes it possible.
It's an ERC-20 token backed 1:1 by real $BTC, unlocking #DeFi opportunities for non-ETH assets.
Wrapped tokens don't stop at BTC.
There are wrapped versions of various assets, from altcoins to stablecoins.
They help bridge the gap between different blockchains and expand DeFi’s possibilities.
They're pegged to other assets and wrapped in an ERC-20 format for use on Ethereum-based DEXes.
Let's explore👇
Want to trade #bitcoin on an #ethereum DEX?
Wrapped Bitcoin ($WBTC) makes it possible.
It's an ERC-20 token backed 1:1 by real $BTC, unlocking #DeFi opportunities for non-ETH assets.
Wrapped tokens don't stop at BTC.
There are wrapped versions of various assets, from altcoins to stablecoins.
They help bridge the gap between different blockchains and expand DeFi’s possibilities.