3 ms·
Yes, but you've proven my point because you missed the complex mechanism at the heart of the system. the nitty gritty is where it gets opaque, for example: a us
by fallinditch 2y ago
Yes, but you've proven my point because you missed the complex mechanism at the heart of the system. the nitty gritty is where it gets opaque, for example: a user sends BTC to an 'agent' (collateralized data provider), the btc is 'wrapped' as wbtc and then the user can participate in deFi services in flare network. The user therefore enters a contractual relationship with the agent to look after their btc while they participate in deFi activities, and everyone trusts that the agent doesn't run off with the btc.