Native Bitcoin trading resumes as the network takes a giant leap forward towards full operations.
Hot on the heels of the latest THORNode update, the THORChain team has re-enabled Bitcoin trading.
Liquidity provisioning and withdrawal should be fully enabled once pool prices are balanced relative to market prices.
Native Bitcoin trading has been enabled on @THORChain
— THORSwap ⚡(Hiring Devs) (@THORSwap) September 30, 2021
4 out of 5 chains are all activated except Ethereum which will be recovered soon.
Happy trading!https://t.co/ZNncfs5jv9 pic.twitter.com/IDofL4UnIq
The current DeFi-market only allows for pegged or wrapped Bitcoin.
When an asset is wrapped, the risk it carries increases. More so, it no longer carries the properties of the native asset.
THORChain is the only protocol so far looking to bring native Bitcoin to DeFi.
Ethereum and ERC-20 trading is slated to resume in the next few weeks once audits conclude.
Features and products such as ThorFi, Synths, and more can then be deployed on the core THORChain infrastructure.
