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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

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