BTC recorded in DeFi increased.

By Emir Can | Gergous Article | 16 May 2020


BTC, which is hidden in DeFi, has increased significantly in recent days.

increased by approximately 1000 btc.

 

 

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-This increase is not actually due to BTC.

-It is linked to WBTC. WBTC is an eth-20 sourced cryptocurrency.

*The transaction is linked to WBTC as allowance in Maker in the coming days. Subsequently, a customer made a deposit to Nexo for credit.

 

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*Nexo sent Bitkoini to CoinList to produce WBTC. Then Nexo sent WBTC to Maker and made it unusable.

*Nexo is a bank-style lending platform. It helps its users to benefit from credit.

*The number of btc in WBTC tokens has exceeded the Lighting network to a great extent.

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