New wBTC Pool: Just a Step?

Continuing the direction that was brought to your attention in the recent DAO, we're working on the creation of a wrapped BTC Octopool. It will allow us to connect sidechains (for example, Rootstock added at the end of February, and some others) and chains that already have BTC on them. Thanks to the new pool, users will be able to swap the wrapped BTC without redirecting to ETH, which will make transactions faster and more efficient. 

So why else is this a big deal?

So why else is this a big deal? The fundamental role of Bitcoin makes it a critical asset in the DeFi system. We want to expand the availability of Bitcoin to Symbiosis users and fit this currency expertly into the evolving multi-layered crypto landscape. Also, the introduction of the new Octopool will reduce fees for cross-chain exchanges with wBTC and pave the way for the integration of other networks where wrapped BTC is essential.

BTC pools in the Symbiosis system

Finally, the wrapped Bitcoin pool is a meaningful step towards Symbiosis' own native bitcoin. The native BTC will be connected to the same infrastructure on which the Octopool is currently being built. This is how Symbiosis will build a seamless high-resolution system that can be accessed and exited through any network that is convenient to users.