I don;t think people are using wBTC for the fees, they're trying to earn a yield on these various liquidity pools or borrowing against it to get stablecoins
They want gamble?
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Most likely yes, and pretend like they're "investing"
Investing by give buck their bitcoin? 🤣
Lol not a guarantee that they'll get it back, so many pitfalls, impermanent loss from liquidity pools, MEV sniping, redemption risk, the list goes on