Decentralized collateral platform Badger DAOplans to launch a Bitcoin that will work on the Ethereum network using liquid staking derivatives.
New crypto asset called Dubbed eBTC, liquid stock Ethereum It will allow Bitcoin to run decentralized on the ETH network.
Speaking to crypto sources, a Badger DAO official stated that it is not easy to create BTC efficiently on the Ethereum network:
“Assets like wBTC are under constant control by central institutions. Liquid derivatives on the Ethereum network provide a constant source of income to investors. Badger, on the other hand, has made it his vision to create a Bitcoin on ETH by collateralizing this pool without bridging.”
“Will” alias Badger marketing manager, you have from bitcoin He did not give up, promising that financing could be used on the Ethereum network.
More Decentralized than wBTC
Badger’s target “Bitcoin running on the Ethereum network” product is currently on the market. wBTC Although the cryptocurrency, called the ETH, works on the ETH network, it follows the price of Bitcoin exactly.
Badger, on the other hand, aims to create a completely decentralized asset, unlike wBTC, through smart contract, liquid collateral.
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