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This week I built:
a short video that breaks down cbBTC, Coinbase’s wrapped version of Bitcoin. cbBTC is an ERC20 token backed 1:1 by actual Bitcoin securely held by @coinbase .
This means millions of Bitcoin holders can now easily access DeFi apps on Base and Ethereum, without selling or converting their BTC. You can lend, borrow, trade, and do so much more with your Bitcoin, opening the door to all kinds of new financial opportunities. And it doesn’t stop there, more blockchain networks will be added soon, making Bitcoin even more versatile in decentralized finance.
The best part? This 15-second video is so simple, it can be easily understood even by a fifth grader! So whether you’re new to crypto or a seasoned pro, this will make everything crystal clear.
Check it out! @base @jessepollak 0 reply
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