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BitGo's Mike Belshe on What's Next for WBTC & Crypto Custodians
The Defiant - DeFi Podcast
What Should the Price of a Wrapped Bitcoin Be?
In the case of rap Bitcoin, minting and burning fees are somewhere between 10 and 20 basis points each. So if you were to take a Bitcoin, convert it to a rap Bitcoin, and then convert it back, you'd only have 0.996 Bitcoins because of the fees that were taken out. It's also possible for the market to associate a higher price than one. In general, I think DeFi markets are decompressing a bit right now.
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