Big news. Here's everything you need to know about it.
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2. For the first time, BTC holders can easily move their BTC to #AVAX.
This means that they BTC holders can now use their BTC in the AVAX ecosystem.
3. BTC is yet to fully join Dapps and DeFi. But now, with the bridge, BTC will bring over a trillion dollar asset and connect it to the popping Avax network.
4. The #AVAX bridge is secure, low cost, fast, and multi chain.
The AVAX BTC bridge will unlock massive opportunities for the huge BTC community.
AVAX greatly benefits from the massive BTC network and $.
5. The #AVAX/#ETH bridge that was launched a while ago has been popping, with over $6B in TVL and 243000 transactions processed, allowing over $43B in ETH assets to be used on AVAX.
A similarly large movement can be expected with the AVAX BTC bridge.
Here's your breakdown of lending, borrowing & saving on THORFi.
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2. Lending.
Users can borrow in THOR.USD by depositing collateral.
Collateral is in LP units of the primary asset of any chain. In other words, it will be in the units of ETH not ERC20s.
This makes the pools deeper and drives $RUNE price up.
3. Borrowers pay 0% interest. This is BIG. The way this works is, borrowers forego yield on their collateral and all loans must be open for a minimum of 100 days.