Good question!
Ive been following the launch of ebtc and too many questions already
From what I understand there are 3 fantastic opportunities with this project.
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nteroperability: By tokenizing Bitcoin into eBTC on Ethereum, users can seamlessly access both blockchain ecosystems, enhancing liquidity and utility.
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DeFi Access. eBTC enables Bitcoin holders to tap into decentralized finance (DeFi) opportunities on Ethereum, expanding their investment options and yield potential.
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Decentralized Governance. Operated by Badger DAO, the project employs decentralized autonomous organization (DAO) principles, empowering users to participate in governance decisions, ensuring transparency, and decentralization.