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It enhances liquidity and enables Bitcoin's use in DeFi.

Managed by the WBTC DAO, it integrates with wallets, dapps, and smart contracts.

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Cryptocurrency Passive Income through Yield Farming Protocols ✌️【365vc.net】✌️₹500 investment to unlock massive monthly income. Start now and grow your earnings online!WBTC was collaboratively launched in January 2019 by BitGo, Ren, Dharma, Kyber, Compound, MakerDAO, and Set Protocol.

Merchants and custodians facilitate token minting and burning, with custodians storing BTC and performing transactions on Ethereum.Because of the 1:1 mapping with bitcoin, the WBTC price tends to track that of the larger cryptocurrency.

It touched an all-time low of $3,139.17 on April 2, 2019, before climbing to a record-high price of $66,109.97 on Oct.

20, 2021, the same day as bitcoin.Cryptocurrency Passive Income through Yield Farming Protocols Secure Investments: Watch Your Money Grow