Jello (0xjello)

Jello

ex nurse, now a web3 ghostwriter: I write, you rest

14 Followers

Recent casts

Ghostwriting is not a difficult thing to do. Ghostwriting is not some calculus equation that makes you question your life choices. It’s actually more direct and easier than many assume it to be.

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btc was only meant to transfer value. nothing more. but just like the lung fish that grew lungs and learned to live on land… btc evolved. today it thrives in defi. and one of the first big mutations? wbtc

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Top casts

why wbtc? by 2017–2018, btc holders could only: - hold - send that’s it. no yield, no lending, no derivatives. then defi came around, but it was only on ethereum. btc needed a way in.

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that’s why wbtc was born: to unlock btc liquidity and make it interoperable with eth. out of the blues, btc holders could use their coins for: • loans • yield farming • derivatives • collateral for stablecoins

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wbtc was created in 2019 by @bitgo, @renprotocol, and @kybernetwork. it’s an erc-20 token on ethereum, fully backed 1:1 with bitcoin. (1 wbtc = 1 btc)

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how wbtc works • @bitgo holds real btc. • you deposit btc via a merchant (like @coinlist). • bitgo mints the same amount of wbtc on ethereum. example: deposit 10 btc → get 10 wbtc.

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Onchain profile

Ethereum addresses