Wrapped BTC =/= BTC.

Keep in mind, when you wrap your Bitcoin, you are trusting that:

• The smart contract is safe
• Whichever third party org takes care of wrapping the BTC doesn't go under or some employee doesn't go rogue and does something that diminishes the value of your wrapped BTC

Whether or not you wanna take the risk is up to you. But I personally would not for a 5-10 percent yield.