WBTC Alternative - RENBTC
under review
Implied Volatility
WBTC relies on a third-party intermediary, BitGo, with whom the BTC used to mint WBTC is held in custody. This is inherently dangerous and goes against the decentralized philosophy of DeFi. We believe RENBTC is the best solution so far. The further we can get away from centralized intermediaries and custody, the better.
K
Kaushal13
Any alternative that is more decentralized than WBTC is welcome. RenBTC, I believe, is a step in the right direction.
DeepCryptoDive
under review
Mona El Isa
thanks guys, we'll look into this. with v2 you'll already see there are some more options
suddeath
Agree, renBTC is by far the easiest and most decentralized way to use BTC in DeFi on Ethereum. I belive it will be win win for both Melon and Ren projects.
Jerry Blunt
consider also pBTC which is decentralized too.
s
srinivas_77
I would go for RENBTC it’s Decentralised where as WBTC is centralised by Bitgo.
Àlex Duran
all options must be present.
H
Hayaan
Àlex Duran: Agreed. Let each one choose accordingly.