Compound Protocol Approves 40% Collateral Factor for Wrapped Bitcoin

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Bitcoin on Purple Fire

Wrapped Bitcoin (WBTC), an ERC-20 token that tracks the price of bitcoin (BTC) can now be used on DeFi protocol Compound (COMP) with a 40% collateral factor. WBTC Goes Live on Compound with 40% Collateral A community proposal floated by Compound holders in May 2020 has finally received the green light to add WBTC as

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