Proposal Description
Add rsBTC as a collateral and borrowable asset in Lenfi.
Short Summary
With the Rosen Eth Bridge testnet, then mainnet almost around the corner, would like to continue to introduce more rosen assets within different dapps across ecosystems, to get users more accustom to them.
- Approve
- Disapprove
- Abstain
Motivation
a) Community Member here posting this proposal.
b) Being that this is a bridged asset there are separate risks associated with bridged assets vs native assets. Rosen Bridge, an open-source protocol for cross-chain asset transfers with incentivized auditing.
Being able to bridge your BTC to cardano to use as collateral to borrow the assets could be of great benefit in onboarding new people within Cardano and Lenfi. Leading to hopefully more borrowing which benefits both parties with increased usage of both protocols.
c) Information about the token BTC & rsBTC:
- Max Supply: BTC has a max supply of 21,000,000 coins
- Current Circulating Supply within Cardano: 4.01
- Total Bridged BTC : 4.27463644 • $275,640
Relevant Links
rsBTC price, live rsBTC chart, trades & market cap | TapTools
The current real-time price of rsBTC stands at 63,329 USD, with a 24-hour trading volume of 1,274 USD. rsBTC to USD pricing is continuously updated to reflect the latest market data.
DefiLlama
DefiLlama is a DeFi TVL aggregator. It is committed to providing accurate data without ads or sponsored content, as well as transparency.
The Ergo Manifesto | Ergo Platform
Rosen Bridge
Rosen Bridge, an open-source protocol for cross-chain asset transfers
rosen-bridge
rosen-bridge has 24 repositories available. Follow their code on GitHub.