New Quote Asset Added: $BTC.b ๐
You can now open a Liquidity Book Pool and pair your chosen token to BTC.b on #Avalanche. $BTC.b joins $AVAX, $USDC and $USDT as the forth quote asset possible when creating a Liquidity Book Pool.
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What exactly is $BTC.b? ๐ค
BTC.b is a tokenized version of Bitcoin on the Avalanche blockchain, bridged via @LayerZero_Labs Omnichain Fungible Token standard (OFT). It allows Bitcoin holders to engage in the Avalanche DeFi ecosystem, enabling faster transactions and integration with Avalanche's DeFi applications such as @BenqiFinance, @GMX_IO and more.
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BTC.b Growth ๐บ
Over 3,700 $BTC.b have been bridged onto #Avalanche and it is currently held by ~250k wallets, making it one of the most popular tokens on the network. Now, freely pairable on Liquidity Book, this will open up more opportunities for exposure to $BTC.b liquidity.