The update allows Wrapped Bitcoin to be used for borrowing on SparkLend on TRON, expanding Bitcoin-linked liquidity and stablecoin access in DeFi (blockchain-based financial services).
Summary
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Terms & Concepts
WBTC: Wrapped Bitcoin is a tokenized version of Bitcoin that can be used on other blockchain networks and in DeFi applications.
Collateral: An asset pledged to secure a loan, allowing users to borrow against holdings without selling them.
DeFi: DeFi (blockchain-based financial services) refers to lending, borrowing, and trading services run through smart contracts (self-executing blockchain code).