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Author Topic: Do you still trust wBTC? Wrapped Bitcoin  (Read 162 times)
cryptoaddictchie
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July 15, 2023, 10:24:44 AM
 #21

I advise you to get rid of this token quickly.
You mean to say is dump it or convert into other asset right? Im not sure what the reason of the depeg but likely about liquidity. Since its an altcoin there must be misalignment on the liq of this token on dex, cause most likely they have been used on defi product on altcoins as representation of bitcoin. Surely they will not rugged but the problem affect the representation which confusion on its base price which should be always equal to bitcoin to have a stable margins and computation on defi products.

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