Manu Ferrari ₿ ⚡️ 丰 🌱 Profile picture
Cofundador @mimLABSio • @moneyonchaines • @flipmoney_io | Consejo Directivo @bitcoinAR | Building on #Bitcoin

May 15, 2021, 20 tweets

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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