Cardano: Wrapped BTC Platform Announces New Era Powered by Cardano

Cardano sees new era as network's wrapped BTC adds more functionalities WBTC CardanoCommunity

The Wrapped Bitcoin Token , based on the anetaBTC protocol, went live on the Cardano testnet in April, enabling users to create cBTC tokens and use them to fund, trade or offer liquidity to the Cardano network.AnetaBTC, a platform that brings wrapped BTC to Cardano and Ergo, says it wants to attract Bitcoin holders to Cardano and hence contribute to the network's imminent DeFi explosion.

Wrapped tokens facilitate value transfers between blockchains that would otherwise be non-interoperable, enabling users to use various DeFi protocols without using the native tokens of those protocols., AnetaBTC made the exciting announcement that the mainnet launch of the AnetaBTC protocol on Cardano was imminent.

It shares an image depicting its roadmap, which includes achieving a mainnet launch and involves stages such as backend improvements and a complete audit.data, Cardano has a current TVL of $141.69 million. With the inclusion of staking, the figure comes in higher at $172.28 million.

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