The Quant Journey
Published in

The Quant Journey

DeFi — Tokenization: Wrapped Crypto

Source: https://cdn.coingape.com/wp-content/uploads/2018/10/27193236/WBTC-678x381.png

Bitcoin’s protocol does not allow, as of the time of writing, for any use in the DeFi space. However, it can be used in the Ethereum Blockchain by creating a wrapped version of Bitcoin that is ERC-20.

WBTC

The WBTC application takes the representing off-chain assets on-chain approach to tokenization, specifically for BTC.

  • Wrapped Bitcoin or wBTC…

--

--

--

This is a repository of information regarding everything quantitative. I am building my knowledge as I go, therefore this is a journey for both me as a contributor and you as a reader as we venture in to the world of mathematics, programming, statistics, finance and business.

Recommended from Medium

Model 1: “Fixed-range ” model with a fixed reward price range for stablecoin and pegged-asset

How Personal Branding Can Offer “An Unfair Advantage” to Blockchain Startups

TotemFi strategic sale 120X oversubscribed with $30 million pledged; strategic partners announced

Web3 Marketplace

ICYMI — In Case You Missed It

How Bitcoin Adoption Will Help India Achieve Its $5 Trillion Economy

Why Should Invest in Crypto?

Drife Partners With Sheesha to Fuel The Rise of Its Ride Hailing Platfrom

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Andrea Chello

Andrea Chello

Quant | Full-Stack Blockchain Developer

More from Medium

Kollider Lite: Trading is Easy Again

Crypto 101: Understanding Slippage

The Curve Wars: Overview, Major Protocols, and How to Invest

Luis’ Proof of Value, January 2022