Liquid Says Bitcoin Swaps Are Restored While Peg-Outs Stay Frozen
Reserves still cover about 85.8% of outstanding L-BTC, leaving a roughly 603 BTC shortfall.
AI summary
Liquid has restored Bitcoin swap functionality, but peg-outs of L-BTC remain frozen, meaning holders still cannot redeem their tokens for BTC. Reserves cover only about 85.8% of outstanding L-BTC, leaving a roughly 603 BTC shortfall. A frozen redemption channel plus a reserve deficit is a solvency red flag for the Liquid sidechain and could pressure confidence in wrapped-BTC products more broadly.
