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More BTC was wrapped this week than BTC was mined.
@zackvoell
@CoinDesk
coindesk.com/wrapped-bitcoi
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until yields fall off this trend will continue, wrapping it and getting 1% a day is pretty great hold insurance.
yo why are people depositing WBTC on FTX? What can they do with it on FTX?
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People are depositing BTC, using it to create WBTC, and then sending that WBTC off to DeFi.
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