Why not wrap your Bitcoins?

[TastyChillySauce00]

Why risking so much just to safe a dime, maybe if the asset is kinda small and could easily get eaten by the fee it makes sense but if your asset is too big that the current fee feels like peanut there's no point of risking it. Just use the traditional way of using bitcoin without all those wrap gimmicks. but if you're really interested in the defi you could try it out but you should think again whether the profit you gonna make outweigh the risk you get from it.

[Mauser]

I have hung on since 2012 and love Bitcoin as much as anyone. But now I'm wondering: WHY NOT wrap your Bitcoins?

There's only one thing better than Bitcoin. Bitcoin with yield. Bitcoin you can do something with. Like getting rich and having fun in DeFi while still owning your Bitcoins.

To me it doesn't matter which of the two blockchains hold my coin.  I trust Bitcoin and Ethereum equally.

Yes, there is smart contract risk.

Asking because I have not gone all in yet but the DeFi yield drug is hard to resist.

Yield...so much yield.

I have no experience with getting a yield on my bitcoins. Though it sounds very interesting. Is it an safe market to go into? I am very curious on how other people are going go earn with our bitcoins. And what are the high yields to be achieved? Maybe you could share some past deals you have done? Did you lose any coins like that? Sounds very promising to look deeper into it.

[wheelz1200]

I would never hold bitcoin in any other form besides bitcoin.  I know this whole wrapping and eth, defi, yield, etc is all the rage but as quick as it started is as quick as it will end, and when everything shakes out I wouldnt want any of my bitcoin mixed in with some of this garbage.

[(o)(o)ilikeboobs(o)(o)]

Bringing Bitcoin to DEFI is a seemingly good option, but should only be involved with reputable projects.
Wrapping Bitcoin also helps users manage their assets more securely and more conveniently. WBTC on Ethereum is one of the ways for users to participate in DEFI and store it smoothly.
For me, it wouldn't be good to use the Ethereum network to wrap Bitcoin in the long run because of the gas cost and price of Ethereum soar. This is no different from holding the original Bitcoin. One more thing is that the cost of covering Bitcoin is quite high. This is not going to be very good.
In the future, I firmly believe that there will be more units implementing Bitcoin wrap services on other blockchains. I am thinking of Solana or Alglorand, these two blockchains are low cost and high speed, their technology is completely new.