https://twitter.com/BTSEcom/status/1346800594808406016ntroducing Wrapped Monero Token $XMR
https://blog.btse.com/introducing-wrapped-monero/"Wrapped Monero, brings XMR to the Ethereum network with all the flexibility of an ERC-20 token. Wrapped Monero (WXMR) is backed 1:1 by Monero and secured by BTSE.
Wrapped Monero brings greater liquidity to the Ethereum and DeFi ecosystem. It gives holders of Monero more flexibility to utilize their tokens without having to sell it for Ethereum or stablecoins, in order to access the many exciting opportunities in the DeFi space."
How do you rate this news? Is coloboration with Defi useful for monero?