WBTC in DeFi
Hi all,I'm thinking about wrapping my BTC to be able to use in DeFi. But I am wondering first how often people do this, in order to gauge how risky BTC holders view wrapping.When I look at coinmarketcap, I see BTC market cap is around 700 billion. But the market cap of WBTC is around 10 billion. Does that mean that out of the 700 billion total BTC, only 10 billion of it is wrapped? So 690 billion of the BTC is just still sitting as pure BTC? (maybe doing nothing, maybe being lent on Celsius or what have you)QAR
Ingrandisci immagine - Repost: WBTC in DeFi (from Reddit.com)
Hi all,I'm thinking about wrapping my BTC to be able to use in DeFi. But I am wondering first how often people do this, in order to gauge how risky BTC holders view wrapping.When I look at coinmarketcap, I see BTC market cap is around 700 billion. But the market cap of WBTC is around 10 billion. Does that mean that out of the 700 billion total BTC, only 10 billion of it is wrapped? So 690 billion of the BTC is just still sitting as pure BTC? (maybe doing nothing, maybe being lent on Celsius or what have you)QAR
Ingrandisci immagine - Repost: WBTC in DeFi (from Reddit.com)
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