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Wrapped Tokens

CRYPTOniteen_flag
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Have you heard about wrapped tokens? I came across this word today and got really curious about it so I did some reading:


According to coindesk:

Wrapped tokens allow unsupported assets like bitcoin and ether to be traded, lent and borrowed on DeFi platforms.


The most popular wrapped token is called wrapped bitcoin (wBTC) – an ERC-20 version of bitcoin.

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BabaYaga_profile-image
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wrapped tokens? I havent heard it whats with it?

CRYPTOnite_profile-image
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it allows unsupported assets to be traded in DeFi

BabaYaga_profile-image
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ohhh that's something interesting. good move

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