Liquid Network at 86% Backing as Bitcoin Redemption Freeze Drags On
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Liquid Network’s Bitcoin backing has fallen to 86% while redemptions remain frozen, according to the report. The shortfall highlights the risk that Liquid users may not be able to redeem issued assets for the Bitcoin they expect, and underscores the importance of transparent reserves and functioning redemption mechanisms in federated Bitcoin sidechains. Further deterioration or a prolonged freeze could weaken confidence in Liquid and its issued assets.
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