Liquid Restores Bitcoin Swaps but Peg-Outs Remain Frozen
- —Bitcoin swaps on the Liquid Network are working again
- —L-BTC peg-outs remain frozen
- —Reserves cover about 85.8% of outstanding L-BTC
- —Shortfall is estimated at roughly 603 BTC
Why it matters: The reserve shortfall raises questions about L-BTC backing and trust in the Liquid sidechain used by institutional traders.
Source: The Defiant