CryptoSlate reports SideSwap says Liquid markets have reopened, but L-BTC redemptions remain suspended
CryptoSlate says a September 10 onchain snapshot put L-BTC backing at 85.15%. Reopened trading does not restore holders’ ability to redeem at par, the outlet reports.
TLDR
CryptoSlate reports that SideSwap says its Liquid markets have reopened, while redemption of L-BTC into Bitcoin remains suspended. The outlet cites a September 10 snapshot showing reserves covering about 85% of L-BTC supply and notes that trading’s return does not restore holders’ ability to redeem at par.
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