Cointelegraph 20 Nov 2024

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC 🔗

WBTC CBBTC TBTC DeFi Wrapped Bitcoin

Wrapped Bitcoin (WBTC) protocols like wBTC, cbBTC, and tBTC are examined for their roles in DeFi, emphasizing the trade-offs between centralization, security, and adoption.

These protocols aim to bridge Bitcoin and Ethereum blockchains, offering liquidity to DeFi platforms while maintaining Bitcoins's value and security.

The analysis highlights concerns regarding centralization control and security vulnerabilities, necessitating careful evaluation when choosing a wrapped Bitcoin protocol.

The development of more decentralized options like tBTC illustrates efforts to improve security and user trust in DeFi settings.

Source: cointelegraph.com ↗

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