The decentralized finance (DeFi) ecosystem is witnessing significant developments, with THORChain, SolvBTC, and SovrynBTC leading the charge in providing innovative financial solutions on the blockchain. THORChain is enhancing the DeFi space by offering swaps, savings, and lending services for native BTC, ETH, and other Layer 1 cryptocurrencies. SolvBTC is set to launch the first omnichain yield-bearing Bitcoin asset on March 18th, across networks including Ethereum, Arbitrum, MerlinLayer2, and BNBCHAIN. SovrynBTC is integrating with the upcoming Bitcoin Layer 2 network, BOB, to draw liquidity from Ethereum. In the last 24 hours, THORChain reported a surge in lending demand, with 55 BTC (~$4M) and 1306 ETH (~$5M) deposited, leading to $4.5M in RUNE being burned. Additionally, THORChain has achieved a milestone by avoiding any liquidations in its lending services. The platform has also facilitated over $3.1 billion in trades over the past week, showcasing its utility and resilience in the DeFi market.
Over $3.1 BILLION traded on @THORChain in the past 7d. The utility is real. Resilient project. Don't fade. 💫 $RUNE https://t.co/zxTUcZGsCW
Still no liquidations on @thorchain lending 💪 https://t.co/ZJY0sM6zZZ $BTC and $ETH cross-chain loans nice and chill 🏖 https://t.co/t5CHvZsCWI
Still no liquidations on @thorchain lending 💪 $RUNE $THOR https://t.co/ZJY0sM6zZZ https://t.co/UUQfPb7eO7
The next step for #BTC: Money markets for idle assets 🏛 Ordibank powers that, allowing all idle $BTC (+ BRC20s & Atomicals) to earn yield natively, on Bitcoin, like no other protocol has. ❌ L2 / CEX / Bridge ✅ Leveraging users' desire to borrow & lend inscription standards https://t.co/qOs3nrIVOX
Come for the swaps, savings, liquidity provision, or borrows. Stay for the freedom. Recognize what it means. @THORChain is Bitcoin's most aligned protocol. $RUNE $BTC
Dip or not, @THORChain lending demand is accelerating. Last 24h 55 BTC (~$4M) and 1306 ETH (~$5M) were deposited, causing $4.5M $RUNE to be burned.
Bitcoin DeFi app @SovrynBTC is integrating with a yet-to-launch Bitcoin L2 network, BOB (@build_on_bob) in an effort to attract liquidity from @Ethereum. ✍️ by @kyletorpey 🗞 Read more: https://t.co/uAgM0UzlId
SolvBTC: Solv’s Pioneering Yield-Bearing BTC, empowering an Inclusive BTCFi Ecosystem SolvBTC, the first omnichain yield-bearing Bitcoin asset, will officially launch on March 18th across prominent networks such as @ethereum, @arbitrum, @MerlinLayer2, and @BNBCHAIN.… https://t.co/MT0VvsAycX
Swaps Savings Lending Trifecta of the most basic financial needs. Available for native BTC, native ETH (and other native L1s). Only on @THORChain. Damn amazing, when you stop to think about it. 💚⚡️