Saber BTC Stable Pool on Solana
$renBTC <> $wBTC Pool
We are excited to announce the first BTC stable pool on Solana with Saber! Saber’s renBTC-wBTC (sollet BTC) pool is the first optimized liquidity pool for tokenized Bitcoin on Solana.
Like-kind asset stable pools have proven to be the foundation for BTC yield throughout DeFi, along with providing some of the most liquid BTC markets in the world today all without the need for centralized exchanges. They serve as infrastructure for yield farming strategies, vaults, and products like the Badger Bridge; so our teams are keen to see what is built over the coming months.
“One of the core goals of Saber has been to provide the liquidity foundation for the interoperable future of crypto. We’re thrilled to be supporting Ren’s vision of connecting all blockchains, and we plan to continue listing even more of their assets in the near future.”
Dylan Macalinao, Co-Founder of Saber
Get Started | Deposit BTC into Saber
1. Use RenBridge to bridge $BTC to $renBTC on Solana.
2) Deposit $renBTC into Saber.
3) Start earning yield.
Looking Forward
We are happy to release this pool as a first step but soon after we’ll be exploring a native RenJS integration that allows direct BTC deposit/withdraws into Saber. Moving forward we’ll continue working with Saber to bring a more like-kind asset pool to Solana’s DeFi ecosystem, so stay tuned for more.
Onwards and upwards,
— Michael Burgess, COO
About Saber
Saber is a Solana-based DeFi protocol allowing anyone to securely trade and earn with pegged assets, like stablecoins and tokenized bitcoin. Saber’s automated market maker technology is algorithmically engineered to offer the best prices for traders. Investors on the platform earn interest on their deposits through trading fees and automated strategies.
About Ren
Ren is an open protocol that enables the movement of value between blockchains.
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