Express

Ethereum Classic Lab Unveiled WETC, Bringing ETH Users A New Way To DeFi Market

Mary Liu

Summary: Ethereum Classic Labs today released Wrapped ETC (WETC), an ERC-20 token. WETC is supported and guaranteed by BitGo, allowing ETC holders to participate in Ethereum-based DeFi services. Users with WETC can use it to trade and borrow on decentralized exchanges and lending platforms or use WETC as collateral to create loans. James Wo, the founder ...

Ethereum Classic Labs today released Wrapped ETC (WETC), an ERC-20 token. WETC is supported and guaranteed by BitGo, allowing ETC holders to participate in Ethereum-based DeFi services. Users with WETC can use it to trade and borrow on decentralized exchanges and lending platforms or use WETC as collateral to create loans. James Wo, the founder of ETC Labs, told Coindesk that he expects at least 10% of ETC users are willing to participate and use WETC.

By Mary Liu

Last Update:

Tags: ,,,
Link: Ethereum Classic Lab Unveiled WETC, Bringing ETH Users A New Way To DeFi Market   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 13 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 13 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 15 days ago

    • You need to login to comment.