Many people have asked, the WBTC/WBTC Pool mining on Unichain has about 8% $UNI subsidy returns, what are these two WBTCs and what are the risks?
(1) First of all, initially there was only one WBTC native version that came from the Superchain bridge on Unichain, this version is closer to the mainnet's WBTC, but it must wait for a challenge period of 7 days to return to the mainnet.
(2) The other WBTC is actually WBTC0, a full-chain token version supported by LayerZero. The advantage is that cross-chain transfers are very fast and do not require a 7-day wait, but its security also relies on LayerZero, technically it can be equated with USDT0.
Currently, this version of WBTC0 is strongly supported by Unichain and plans to continue subsidizing it. The incentives for WBTC on the Superchain bridge will gradually decrease, and this WBTC/WBTC Pool is actually used for asset transition. Whether there will be long-term incentives is unknown, but according to the latest Gauntlet incentive plan, there are incentives for the next 15 days, with the amount slightly increased compared to before.