Daily Fintech Conversations

Is Bitcoin driving DeFi or is it the other way around?

Originally published at: https://dailyfintech.com/2020/09/28/why-is-bitcoin-important-for-defi/

A few days ago I read that the number of tokenized Bitcoins on Ethereum skyrocketed this month, reaching 107,000, estimated to be worth $1.15 billion. Tokenized Bitcoins, let people use BTC on the Ethereum network, instead of ETH, to issue loans or earn interest. While Wrapped Bitcoin (wBTC) is the most important tokenized Bitcoin project…