What is DeFi?
Decentralized finance (DeFi) refers to the shift from traditional, centralized financial institutions, to peer-to-peer finance enabled by applications built on native blockchain technology, such as Ethereum.
What is Wrapping?
By “wrapping” a layer-1 asset such as Bitcoin into an Ethereum smart contract, users now have the ability to put their assets to work in DeFi applications like Uniswap and Balancer.
Future of Wrapped.com
Although Ethereum has been the de facto network for building and using DApps (decentralized applications), Wrapped is currently building the technology to bring layer-1 assets to other native blockchains, such as Stacks, Kadena, and Celo.