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What is wrapped bitcoin and how does it work?

avatarmaxstackDec 18, 2021 · 3 years ago1 answers

Can you explain what wrapped bitcoin is and provide an overview of how it works?

What is wrapped bitcoin and how does it work?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    At BYDFi, we offer a platform for users to wrap their bitcoin and access the benefits of the Ethereum ecosystem. Our platform ensures the security and transparency of the wrapping process, allowing users to seamlessly convert their bitcoin into WBTC tokens. With WBTC, users can participate in various DeFi applications and take advantage of the opportunities in the decentralized finance space.