Solana (SOL): Bitcoin (BTC) liquidity in DeFi launches on Wormhole SOL $SOL BTC $BTC
BTC is a scalable Bitcoin equivalent that enables users to access the Ethereum and cross-chain DeFi ecosystems. Threshold DAO is the network behind tBTC.
The Wormhole integration will allow tBTC to be moved to both Ethereum Virtual Machine chains such as Arbitrum, Optimism and Polygon and non-EVM chains such as Solana, Aptos, Sui and Cosmo. The integration with Wormhole relies on a novel technique for bridging ERC-20 tokens that enables capital deployment to Ethereum L2s without liquidity fragmentation. Instead of creating wrapped tokens for each chain, tBTC will be minted on Ethereum, and a canonical token native to each new ecosystem will be deployed.Intending to establish tBTC as the predominant form of BTC in on-chain DeFi, Wormhole proposed an incentive program to the Threshold community in mid-April 2023.
The program will involve Threshold integrating with the Wormhole Token Bridge and rewarding liquidity providers with token options to mint tBTC to be sent across as many as 20 new ecosystems of Wormhole-connected chains. Users can create tBTC by locking their Bitcoin in a deposit on the Bitcoin blockchain , which results in the creation of a corresponding tBTC token on the Ethereum network.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Price analysis 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTCThe CPI numbers have attracted buying in Bitcoin and select altcoins but the bears may get active near overhead resistance levels.
Les mer »
Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 BlockchainsEXCLUSIVE: TheTNetwork is now working with cross-chain token protocol Wormhole in an effort that hopes to allow the easy movement of a tokenized representation of bitcoin to some twenty blockchain ecosystems. By shauryamalwa
Les mer »
To create a wormhole that doesn't collapse, you need exotic matterMaking a wormhole that a human could theoretically travel through would require an upside-down universe and negative energy
Les mer »
Here's Why Bitcoin (BTC) Suddenly Regained $28K: DetailsBitcoin (BTC) surprises market by reclaiming $28K, here's what happened BTC $BTC
Les mer »
Bitcoin (BTC) Heavily Shorted on BitMEX, Here's Where This Might LeadBitcoin (BTC) faces massive selling pressure on BitMEX, what's next? BTC $BTC
Les mer »
BTC/USD Forex Signal: Neutral Sentiment With a Bullish BiasBitcoin retreated to the lowest level since March 28 even as the congestion issues faded and the US published encouraging consumer price index (CPI) data.
Les mer »