Wrapped Bitcoin: What Can You Do With A wBTC Token? | Gemini
11 Jun 2021 | 20:42 pm
wrapped bitcoin (wBTC) is an Ethereum-based token that has been created from bitcoin (BTC) in a 1:1 relationship. With wBTC, bitcoin holders can engage in lending, yield farming, margin trading, and other hallmarks of decentralized finance (DeFi). Wrapped bitcoin allows for other digital assets (e.g., bitcoin) to be used as collateral.
Curve Finance Releases Protocol’s First Heterogeneous-Asset Pool
The Defiant - DeFi News
10 Jun 2021 | 17:40 pm
Curve Finance, long distinguished by its homogenous-asset pools, has taken a walk on the wild side. The automated market maker (AMM) rocked DeFi yesterday by releasing a pool containing USDT, WBTC, and ETH on Ethereum and another including USDC and DAI as well on Polygon. This was a first for Curve, which had up until … Curve Finance Releases Protocol’s First Heterogeneous-Asset Pool Read More »
Harvest Finance Adds Uniswap V3 Strategies for $ETH, $WBTC & Stablecoins
10 Jun 2021 | 13:19 pm
Harvest Finance has launched their first-ever Uniswap V3 strategies, allowing farmers to deposit funds directly into V3 liquidity pools and start earning $FARM as a reward on top. Unlike their previous strategies, you don’t have to provide liquidity to the pool on your own and then take your LP tokens into the Harvest Finance dashboard. Instead, you can directly deposit your assets from the dashboard.
1% of Bitcoin’s supply has been locked in the WBTC protocol
09 Jun 2021 | 03:54 am
One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC), equating to nearly $6.2 billion worth of BTC. The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri. The current circulating supply of BTC is nearly $18.73 million.
Over 1% of Bitcoin Now Lives as WBTC on Ethereum | Crypto Briefing
08 Jun 2021 | 13:00 pm
WBTC has reached a supply of 187,610 which is equivalent to roughly 1% of Bitcoin’s circulating supply. WBTC was launched in January 2019 as a collaboration between BitGo, Ren, and Kyber. It was one of the first projects to issue ERC-20 tokens pegged to Bitcoin.
One percent of Bitcoin’s supply has been locked in the WBTC protocol
08 Jun 2021 | 00:00 am
One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC), equating to nearly $6.2 billion worth of BTC. The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri. The current circulating supply of BTC is nearly 18.73 million.
Wrapped Bitcoin - The Bridge to Decentralised Finance
04 Jun 2021 | 07:23 am
Wrapped Bitcoin (WBTC) is an on-chain representation of a non native asset on the Ethereum blockchain. It is a stable coin that is pegged to a fiat currency. It maintains its peg using the “Centralised Reserve” method with some additional safeguards intended to reduce the level of trust users need to have with that centralised entity. Wrapped Bitcoin allows users to earn a 10% yield on their Bitcoin holdings.
Wrapped Bitcoin (cBTC) set to go live on Celo blockchain
04 Jun 2021 | 02:58 am
The Celo Foundation has announced that on June 24th, bitcoin trading will go live on Ubeswap, a decentralized exchange and automated market maker protocol for Celo-based assets. Users will be able to benefit from the fast, low-cost, mobile-first experience that Celo provides and trade bitcoin at the same time. The Celo ecosystem includes a native asset (CELO) and two stablecoins (cUSD and cEUR).
Notice: TRC20 Wrapped WBTC will be Deployed to Replace the Current TRC21 Wrapped BTC
25 May 2021 | 09:03 am
TomoChain is set to launch a TRC20 wrapped WBTC token to replace the current TRC21 version of native BTC. The token is a wrapped token hosted on the TomoChain blockchain, and backed by an equivalent amount of the ERC20 W BTC token on Ethereum. The upgrade will take effect on Tuesday, June 8, 2021.
BIP 58: Emissions: ibBTC/WBTC SLP Sett incentives
25 May 2021 | 05:36 am
Add ibBTC/WBTC SLP Sett to the general emission structure with a 1.5x multiplier. This would keep the rewards for the Sett at around the same level as they are now, during Phase III of its Guarded Launch. If approved by governance, the changes can be implemented with the following emission cycle on Thursday.
Alpha Homora V2 Adds Leveraged ETH/WBTC + Lending of WBTC Token
Alpha Finance Lab
21 May 2021 | 15:38 pm
Alpha Homora V2 now supports leveraged yield farming of ETH-WBTC pools on Sushiswap and UnisWap. Users in these pools can now start migrating to V2 to earn up to 2x the ALPHA rewards. Lenders can also earn interest from lending interest rate from interest rate that comes from borrowing from leveraged borrowers.
What’s underway for DeFi tokens like UNI, LINK, SUSHI, WBTC, LUNA, CAKE and AAVE?
04 May 2021 | 00:00 am
New farming projects’ TVL has surged up to $100 million and several projects have launched improved forks that were expected to take days to months. Bakery Swap (+385%), Venus (+70%), Fantom (+50%), MKR (+29%) and Avalanche (+24%) offered the highest returns to traders in the past week.
Ethereum’s AAVE, WBTC link that traders need to know
03 May 2021 | 00:00 am
Ethereum registered a massive bullish week toward the end of April, with the largest altcoin registering a new all-time high of $3,000. Ether miner revenue from fees reached a new 4-month low of 29.5%. The mean fees paid also declined, dropping down to $10.55. Cumulative transaction volume on AAVE crossed $30 billion in the process.
三分钟读懂 NuCypher 与 Keep Network 合作推出的 tBTC v2
21 Apr 2021 | 10:26 am
tBTC is about to return, can it shake the monopoly of WBTC?
WBTC vs XBTC – Why Proton wraps Bitcoin better
08 Apr 2021 | 17:56 pm
Proton-wrapped Bitcoin (XBTC) means BTC that is faster, cheaper, and more accessible than ever before. The Proton blockchain is capable of up to 4,000 transactions per second and charges no gas fees to end users – transactions on Proton are free. DApps that use XBTC are assured that their users can transact in BTC quicker than competing chains and without hidden costs.
Compound Grants Program Funds Batch 1, Dharma Integration, Governor Bravo is Live, WBTC Market Upgrade
01 Apr 2021 | 22:19 pm
Compound Grants Committee has funded 7 projects for a total of $187.5k. The committee kicked off its 6-month pilot program two weeks ago, and recently announced the first batch of funded grants. The projects range from Gateway integrations to market research reports. The due date for the grants committee is April 2nd.
Legacy market migration: WBTC
Compound Community Forum
08 Mar 2021 | 18:59 pm
Legacy market migration plan to begin with WBTC and continue with BAT, ZRX, USDC, and finally ETH. The proposal will add a duplicated cWBTC market using the latest upgradeable cToken contract and implementation. The old version of cToken contracts are all immutable the governance cannot implement new features.
Alert: WBTC Collateral Factor Decrease in 48 Hours
05 Mar 2021 | 22:28 pm
Compound governance recently passed Proposal 39, ZRX, BAT, and WBTC Parameter Update, which lowers the WBTC Collateral Factor from 75% to 65%. If you are using WBTC as collateral, your Borrowing Limit will decrease in 48 hours.
ETHDenver Underway, Developer Community Call Recap, WBTC CF to 75%
11 Feb 2021 | 23:12 pm
Compound Labs is proud to again be sponsoring ETHDenver. There are more than 90 teams building new Ethereum projects over the extended hackathon period. The Compound bounty in this year’s hackathon is to build the most original, new financial application. The winner, who will be selected on February 12th, will receive a prize of $5000 of cUSDC.
Wrapped Bitcoin Hits Record Volume of $143 Million on Uniswap - Decrypt
08 Feb 2021 | 22:16 pm
Wrapped Bitcoin trading on the Uniswap exchange hit a new all-time high of nearly $143 million on February 6. Wrapped Bitcoin, or WBTC, has become a major component of the growing DeFi ecosystem since the summer of 2020. DeFi uses smart contracts to provide financial goods and services using decentralized blockchain networks instead of trusted third parties like banks.
Vesper Announces $2.5 million Strategic Partner Round
05 Feb 2021 | 14:51 pm
Vesper has raised $2.5 million in a funding round led by A195 Capital, CMT Digital, Kenetic Capital, Digital Strategies, HCM Capital, VeriBlock, and TRG Capital. The round was oversubscribed and Vesper continues to gain interest from parties who are similarly inspired by the team’s vision. Vesper is currently in open beta, with its main launch scheduled for February 17.
YFI Pulse 2.3 - YIP-57 Passed, AKRO + YFI, Production wBTC Vault
03 Feb 2021 | 08:23 am
YIP-57: Funding Yearn's Future has passed with 83.47% in support and 50% turnout. Grayscale adds 24,796 $ETH worth $37.8 million over the past 24 hours. Now has $4.5 billion worth of $ETH.
Set WBTC Collateral Factor to 75%
Compound Community Forum
15 Jan 2021 | 07:14 am
On October 1st, Proposal 24 was passed to raise WBTC’s Collateral Factor from 40% to 60%. According to Defi Pulse, there were $1B of WBTC in circulation on that day. Today, there are $4.38B in circulation. With the significant increase in WBTC circulation, liquidity, and infrastructure, it is safe for Compound Finance to increase W
What is Wrapped Bitcoin? The Basics of Swapped Tokens Explained
07 Nov 2020 | 15:38 pm
Wrapped Bitcoin (WBTC) is a token based on Ethereum that represents Bitcoin on the Ethereum chain. Wrapped Bitcoin can be converted into Bitcoin and vice-versa with the use of popular exchange protocols like Swapzone. The main advantage of WBTC from the point of transaction is that the token is faster to move than Bitcoin. WBTC can also be used in smart contracts and protocols.
Wrapped Bitcoin Sees Record $57.1M in Tokens Minted by CoinList for Customers - CoinDesk
14 Oct 2020 | 20:25 pm
US-based token investment platform CoinList minted a total of $57.1 million worth of wrapped Bitcoin (4,997 WBTC) in back-to-back mints for its customers on Wednesday, setting an all-time record for the most bitcoins wrapped by one merchant in a single day. The previous daily record was set on September 18 when Alameda Research minted $44.7 million in three separate mints.
WBTC, tBTC, or renBTC - Which One is Here to Stay?
09 Oct 2020 | 12:37 pm
Wrapped BTC (WBTC) scratched the $1 billion level in Total Value Locked. This is a significant milestone for anybody following the liquidity flowing into the Ethereum ecosystem from BTC itself. WBTC is an ERC-20 version of Bitcoin, designed to allow BTC liquidity to enter the Etheruem ecosystem.
Record $616M of Wrapped Bitcoin Minted in September - CoinDesk
05 Oct 2020 | 19:03 pm
Wrapped Bitcoin minted a record $616 million worth of tokenised bitcoins in September, a more than 160% increase over the $232 million minted in August, according to transaction data analysed by CoinDesk. The record minting comes as strong over-the-counter demand for wrapped Bitcoin continues, Chicago-based firm Grapefruit Trading, one of the first OTC desks to mint WBTC through BitGo.
WBTC - Who is the asset that took second place in the DeFi ranking?
03 Oct 2020 | 05:15 am
Tokenized Bitcoin (WBTC) took second place in CoinMarketCap's DeFi market capitalization ranking this week. WBTC surpassed the protocols YFI, UMA, DAI and LEND at once, and now sees the leader from afar. The WBTC is administered by a Decentralized Autonomous Organization (DAO), controlled by multi signed contracts.
Top Things You Should Know About Wrapped Bitcoin (WBTC)
02 Oct 2020 | 14:15 pm
Wrapped Bitcoin (WBTC) is the first ERC-20 token that’s backed 1:1 with Bitcoin, meaning one WBTC equals one BTC. As of October 1, 2020, WBTC is ranked as the 5th largest DeFi asset in terms of locked USD value with over $1 billion worth of Bitcoin locked in. WBTC can be traded on decentralized exchanges like Uniswap, borrowed and lent on Compound and Aave, and locked in sophisticated DeFi farming strategies using Yearn.