Quote from: Hueristic on Today at 06:22:39 PM

Quote from: zasad@ on Today at 01:57:57 PM

https://twitter.com/BTSEcom/status/1346800594808406016
ntroducing 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?

Haha this is a fucking joke right? Huh

What kind of a retard would do this?

Just reading your linked blog, https://blog.btse.com/introducing-wrapped-monero/ ,points out every reason this would be moronic.

This idiotic move would strip away every reason to own and use Monero ,even the custodial part!

Boy they will try and think of any reason to shake your coins loose! Apparently they don't know the things that this is supposed to solve are already a part of Monero.

Changing your Monero into a shit token of a centralized over bloated chain that is failing under its own weight is so far beyond stupid that anyone that even considers doing this deserves to lose all their coins.

Same happened to bitCNY. Genuinely it be a stable coin on bitshares blockchain, however there is a scam telegram channel speedily growing userbase, telling everyone bitCNY has now been ported to ERC20 standard, and that some airdrops be rained on joiners. Instances of fraud we see may allude to someone's trying to shunt the normal user flow to some scammy sidelines. Its clear to me, in this instance, that they wanna swindle rednecks of their XMR by dangling the non-custodial fancy before them: u lock XMR, they appropriate ur coins...