ApeSwap welcomes xBTC to BSC 🐵
One of our favorite things about DeFi is the ability to come up with creative and innovative financial products 🤓
The properties unlocked when you begin to program mediums of exchange are endless, and we are seeing so many projects push the barriers of what we previously thought was possible in traditional finance.
One of these projects is our latest partner — xBTC! 💸
Whats on deck with the partnership 📋
To celebrate our collaboration with xBTC, we’ve lined up a whole slew of events for you!
- May 3rd — xBTC bridge opens up from Ethereum to BSC 🌉
- May 4th — xBTC opens up a $250K liquidity pool on ApeSwap.Finance 💧
- xBTC holders will have 3 days to bring tokens over to BSC 🌁
- May 6th at 16:00 UTC — $bxBTC + $BNB farm goes live with a 0.5x multiplier 🌴
- May 6th at 16:00 UTC — $BANANA staking pool goes live rewarding $600,000 of bxBTC over 90 days 😱
What is xBTC
xBTC is a new technology that provides a synthetic asset that tracks Bitcoin Dominance. It does this through a rebase mechanic that is triggered by the rise and fall in BTC dominance. In other words, the xBTC price and supply responds to the price movement of every single cryptocurrency on earth. More specifically, it tracks all altcoins vs. Bitcoin, as Bitcoin’s dominance falls positive rebases are more likely to happen and more likely to be larger.
xBTC is bridging their token from Ethereum to join the BSC ecosystem and have picked your favorite Jungle as their primary DEX 💪.
We couldn’t be more excited to welcome another incredible project to the ApeSwap Family. As always, hodl those naners hard and ape harder 🤑