Cryptocurrency Q&A
What is a sBTC token?
What is a sBTC token?
CryptoQueen
Fri Oct 25 2024
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6 answers
1333
I've recently encountered the term sBTC token and I'm curious to learn more about it. Could someone explain what an sBTC token is and how it works?
6 answers
Dario
Sun Oct 27 2024
The ecosystem is continuously expanding with various DeFi applications.
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ShintoSanctum
Sun Oct 27 2024
Wrapped bitcoin (wBTC) represents a unique token issued on the Ethereum network.
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Carlo
Sun Oct 27 2024
By using wBTC, holders of BTC can participate in various DeFi activities.
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Giovanni
Sun Oct 27 2024
These activities include lending, yield farming, margin trading, and more.
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isabella_cole_psychologist
Sun Oct 27 2024
It is created from bitcoin (BTC) in a direct 1:1 ratio.
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