In the present day it was introduced from the staff of blockchain community Celo, that bitcoin buying and selling is now reside on Ubeswap below the ticker image cBTC. Ubeswap is a decentralized alternate and automatic market maker protocol for Celo property. Customers can commerce on Ubeswap by utilizing Ledger, Valora, or MetaMask.
All cBTC is backed 1:1 with BTC utilizing a professional custodian
Bitcoin customers on the Celo community can now reap the benefits of the quick, low-cost, mobile-first expertise that Celo supplies and commerce fully-backed bitcoin on the similar time.
Along with incomes a pro-rata share of buying and selling charges just like different DEXs, Ubeswap has included bitcoin buying and selling in its liquidity mining program. This implies potential yields of as much as 50% or extra with no lockups for supplying liquidity to cBTC/mcUSD.
mcUSD is a yield-bearing model of cUSD made attainable by Moola; a non-custodial cash market protocol constructed on the Celo blockchain. The value of cBTC/mcUSD is designed to comply with the value of BTC/USD. Present yields will be discovered on Ubeswap’s farm web page.
These curious about changing into liquidity suppliers (LPs) may register now.