Using rBTC.
Today, +1600 rBTC are locked on RSK, a #Bitcoin sidechain.
This is growing and will grow faster in the coming months / years.
rBTC is now super cheap to use, for payments, to trade and use it on DeFi protocols.
explorer.rsk.co
A thread 🧵
1/20
Costs (and time)
The cost of using #rBTC vs #BTC makes it obvious for Bitcoiners to use it on a daily basis (even if you are not using #DeFi)
This is especially true as an alternative of using #BTC on #Ethereum.
rskgasstation.info
2/20
Lending/Borrowing/MargingTrading/Trading
With $rBTC you can lend / borrow on Sovryn, use the AMM, provide liquidity for trading, take margin trading, and also stake and earn with $SOV, a governance token.
https://www.sovryn.appSovryn
3/20
More lending/borrowing solutions are coming, like Tropykus
tropykus.finance
4/20
More ways to do leveraged #Bitcoin operations
BTCX : moneyonchain.com/btcx-leveraged…
5/20
Stablecoins
The first (and only) #stablecoin 💯% collateralized with #bitcoin runs on @RSKsmart
moneyonchain.com/doc-bitcoin-st…
6/20
You can pay the pizza 🍕 in Buenos Aires 🇦🇷 using a Bitcoin Stablecoin
kriptonmarket.com/buscar/Pizza
7/20
And also you can buy your new home in 🇦🇷Argentina or 🇻🇪Venezuela:
kriptonmarket.com/buscar/Departa…
8/20
More Stablecoins / tokens
You can bring USDT, USDC, DAI, and any stablecoin running on Ethereum to RSK using the bridge (actually any ERC-20 token)
blog.rsk.co/noticia/token-…
9/20
Earn more satoshis holding your BTC
You have some tokens like the BPro, which allows a bitcoiner to earn more Satoshis without giving up their PK
moneyonchain.com/bpro-income-fo…
10/20
More DEXes
Rskswap: rskswap.com
TEX: moneyonchain.com/tex-bitcoin-de…
11/20
Desktop and HW Wallets
You can use it with Metamask, Nifty, Liquality, Math, D’Cent, Ledger, Trezor and more.
12/20
Mobile wallets
Defiant, Mathwallet, Beexo, rWallet, and more.
13/20
Current exchanges
rBTC is already listed in Kukoin (where liquidity is low and withdrawal fees are a bit expensive) and @bitfinex (where withdrawal fees are very expensive).
14/20
I think rBTC will be soon on Binance and the rest of the major exchanges. RBTC is a token that allows today to scale the use of BTC. Binance has already listed $RIF, soon $rBTC?
@DECRYPTO_la, Bitso, @krakenfx , @Bitstamp will follow. They are missing an opportunity.
15/20
Getting rBTC is cheap and (if you want to learn) easy.
Liquality: wiki.moneyonchain.com/getting-starte…
SovrynfastBTC: wiki.sovryn.app/en/sovryn-dapp…
16/20
More ways of getting RBTC (without KYC)
Hodlhodl: hodlhodl.com
PowPeg mobile: defiantapp.tech/blog/how-to-po…
Powpeg desktop: wiki.moneyonchain.com/getting-starte…
17/20
Scaling
There are already many solutions to bring more scalability to #BTC in #RSK, such as the lumino network.
There are some brillant minds working on that, like @SDLerner
18/20
Lighting Network
Of course, for small amounts in #BTC, #LightningNetwork is used and will be used. I would love to see more interoperability between LN and RSK. 🔜
19/20
#BTC will be mainly for Hodling and settlements in the future. Only a large amount transaction will make sense to pay the costs of the fee.
20/20
Fin/
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