that represents and/or is backed by Bitcoin?
yes backed by real on the other side of the bridge on bitcoin network, and it have an hardware enclave for security, interrupt me if I'm wrong
Avalanche bridge is trustless, so there is no centralized intermediary. 100% Backed Btc you can use in Defi if you wish and anytime you can send back through the Avalanche bridge. Good product, has been working flawlessly for a year or so.
Thanks. Can you mention any of the DeFi protocols you like?
You can see the supply here https://avascan.info/blockchain/c/address/0xf5163f69f97b221d50347dd79382f11c6401f1a1/bridged-tokens
Aave, Benqi, Yield-Yak, Trader Joe, Pangolin. I presume these are trustworthy protocols.
This website shows that the supply of BTC.b is 5741,right?
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