OKX has launched xBTC, a Bitcoin-backed asset, on the Solana blockchain, offering native Bitcoin liquidity to Solana’s decentralized finance (DeFi) ecosystem
OKX has launched xBTC, a Bitcoin-backed asset, on the Solana blockchain, offering native Bitcoin liquidity to Solana’s decentralized finance (DeFi) ecosystem. The asset is pegged 1:1 to Bitcoin, with custody maintained by OKX.
To assist liquidity, Kamino Finance and Orca have dedicated over $250,000 in rewards throughout xBTC swimming pools, together with $100,000 in USDG incentives on the Orca platform and an extra $150,000 in different rewards. This launch goals to mix Bitcoin’s worth with Solana’s high-speed infrastructure, enhancing DeFi alternatives on Solana. Trade figures have emphasised Solana’s position because the infrastructure supporting Bitcoin because the asset on this improvement.
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