Ethereum Classic users will now have the option of a new $13 billion Bridge to the DeFi market with the launch of Wrapped Ethereum Classic (WETC) tokens.
ETC users, who were previously unable to access the full range of non-custoy financial services available to ETH users, will now be able to bet their stakes in ETC to gain entry into the world of decentralized finance, which currently exists predominantly in Ethereum.
The launch of WETC aims to provide another entry point into the rapidly expanding DeFi space. Users who own WETC can also take advantage of WETC's transactions and sale on decentralized exchanges and loan platforms to lend assets or create loans with WETC as collateral, James Wo, founder and CEO of ETC Labs, told Decrypt.
Read the full story at: decrypt.co.