1 Level
95 Review
314.75 Karma
Review on Wrapped Bitcoin by Patejl Patejlson
Wrapped Bitcoin - BTC copy
There is a general question if the BTC itself needs its clones to have more uses cases or the BTC is good enough. It is hard to find an easy answer. In my opinion I would just stick with original Bitcoin. On the other hand I am a fan of stablecoins. It is hard to rate Wrapped Bitcoin, which is far most best copy of BTC, that is the stablecoin pegged to BTC. Generally it is a quite complicated token. One of his advantage is that it can be utilized in smart contracts so it is used in DeFi protocols as it works on Ethereum. I am just not sure if its price will fluctuate to be less valuable than BTC after DeFi boom settles.
Pros
- pegged to BTC
Cons
- not a real btc
