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File: 288 KB, 1600x800, btc-emballe-wrapped-btc-wbtc.jpg [View same] [iqdb] [saucenao] [google]
20893260 No.20893260 [Reply] [Original]

Does anyone actually use wrapped BTC for anything? I don't see why BTC would really have any use in the DeFi ecosystem. For example, does anyone use wBTC on uniswap for anything?

>> No.20893377
File: 110 KB, 1287x722, wrap it.jpg [View same] [iqdb] [saucenao] [google]
20893377

>>20893260
I have 2 btc wrapped in 1rbtc/1wtbc balancer pool
I make 32% in btc/year 5x more than centralsied lending services and I keep custody of my founds

Im not big btc maxi but not retarded and allways want to have at least 25% of my folio in btc because retards will allways pamp orange rocks and this way i can put my btc to work in defi not just let it sit there

>> No.20893432

>>20893377
Thanks for the explanation. My biggest question was what uniswap pools people use wBTC in and why.

>> No.20893575

>>20893432
Do you mean liquidity providers or users?

Liquidity providers -Uniswap is just amm protocol and stablecoins and wraped coins are perfect to stick it in and earn fees beacuse stablecoins dont go up and btc does not just moon 2x so you have low impairment loss risk risk

Users-easy way to get btc and not lave defi native chain eth so when you get it you can do defi shit like i describet in first post

>> No.20893831

>>20893575
Thanks for all the explanations. I'm still learning.

>> No.20893876
File: 47 KB, 720x468, 1572799501304.jpg [View same] [iqdb] [saucenao] [google]
20893876

>>20893831
np gl fren

>> No.20894482

>>20893260
No, people still don't use BTC.