Coinbase Wrapped LTC
CBLTCProject Safety Score: 63%
Updated 1 week agoCoinbase Wrapped LTC (cbLTC) is a token that represents a 1:1 backing by native Litecoin (LTC) held securely by Coinbase. For every cbLTC in circulation, an equivalent amount of LTC is maintained in a custody solution provided by Coinbase. Users can redeem cbLTC for LTC by depositing it into their Coinbase accounts.
cbLTC is designed for compatibility with decentralized finance (DeFi) applications, allowing users to leverage their Litecoin holdings in various financial activities on-chain. This includes providing liquidity to DeFi protocols, using LTC as collateral for borrowing other cryptocurrencies, and utilizing it for payments. The structure of cbLTC facilitates a broader integration of assets within the financial ecosystem.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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Contract Security
0xcb17c9db87b595717c857a08468793f5bab6445f