Winding Up

Winding up in the context of decentralized finance (DeFi) mainly refers to distributing crypto tokens among multiple initiatives in search of the highest payout.

Wrapped tokens, which are ones that are native to another blockchain like Ethereum and enable interoperability throughout the DeFi ecosystem. With Ethereum and its ERC-20 token standard, wrapped tokens were first introduced. There are now a lot more, such wrapped Bitcoin (wBTC), which started with Bitcoin and is currently utilized in a ton of DeFi applications on Ethereum. Cryptocurrency holders must go through a variety of frequently difficult steps in order to receive the highest return on their tokens.