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6% of Wrapped Bitcoin Staked in Yield Protocols | Flash News Detail | Blockchain.News

6% of Wrapped Bitcoin Staked in Yield Protocols

10/3/2024 4:42:37 PM

6% of Wrapped Bitcoin Staked in Yield Protocols

According to IntoTheBlock, 6% of all wrapped Bitcoin (WBTC) is currently being staked through various Bitcoin yield protocols. This indicates a significant portion of WBTC holders are seeking to earn returns on their holdings through staking, which could impact liquidity and price action in the market. (Source)

Wrapped Bitcoin IntoTheBlock Bitcoin yield protocols

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