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CBBTC

Coinbase Wrapped BTC

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Of course it will flip BTC, but it may take a year or so. Ethereum has all the SOV traits of BTC, such as decentralization, permission-less, and censorship resistance. And on top of this, it actually has utility and you can use it. The only useful think I can think of with BTC Is bridging it to Ethereum to use it as collateral on AAVE. But if you were to do that, why even have WBTC or CBBTC? You would just swap it for ETH once you realize how useless it is.

Lets call it CBBTC

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r/CryptoMarketsSee Comment

Coinbase. They use Morpho for the process. Or if you are comfortable holding CBBTC / WBTCy ou can just use Aave onchain yourself.

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r/BitcoinSee Comment

Is anybody actually buying CBBTC? Brian Armstrong is retarded

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