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WBTC is becoming the basic for DAI

[vc_row][vc_column][vc_paragraph text=”Two days ago the vote was taken that added the opportunity to use wBTC, ERC20 token tied to Bitcoins at 1:1 rate for opening positions and generation of DAI on basis of the asset.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Bitcoin is blocked in wBTC” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As seen from the posting, the decision on the use of wBTC (wrapped BTC) was made after a series of threat assessments. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Currently there are 4 crypto assets than enable to generate DAI due to the possibility to have several collaterals, namely Ethereum (ETH), Basic Attention Token (BAT), USDC and the freshly approved wBTC.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The procedure of wBTC storage launch is already initiated, and one can automatically generate wBTC by different partners.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Besides, traders who are unfamiliar with these tools or don’t want to waste time on wBTC generating, can always use exchanges like Kyber or Uniswap before setting up a storage.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Over 1000 BTC are currently blocked in wBTC amounting to almost $10 million. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This would enable to increase both the volume of this token and the DAI, and will lead to more liquidity.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This positive news has brought some confidence in Maker project especially after some users have contested the choice of stable coins like USDC.”][/vc_column][/vc_row]