btc: News of Threshold (T) - July 2024 Price Update - 7.95% Breakout Crypto News and Analysis

To God be the Glory

Spot the Main Event:

Multi-chain BTC strategies are now possible on Synonym 🤝 Over $200M of @TheTNetwork tBTC liquidity is now ready for users to put to work. tBTC is a secure, multi-chain asset that can extend the power of BTC to multiple EVM chains and Solana! tBTC is backed 1-to-1 by BTC. It allows BTC holders to put their BTC to work throughout multiple DeFi ecosystems without the need for a centralized intermediary.

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Spot the Main Event:

Multi-chain BTC strategies are now possible on Synonym Over $200M of @TheTNetwork tBTC liquidity is now ready for users to put to work. tBTC is a secure, multi-chain asset that can extend the power of BTC to multiple EVM chains and Solana!

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Spot the Main Event:

Have Bitcoin? Need to borrow against it? ThresholdUSD is a decentralized and interest-free way to do it. One of the flagship applications of Threshold is tBTC, a tokenized version of Bitcoin that operates without the need for a custodian. This innovation allows Bitcoin holders to participate in the DeFi space more freely, without compromising on privacy or exposing themselves to censorship risks. The formation of Threshold was a community-driven initiative, reflecting a strong commitment to decentralized governance. The network's early history is marked by collaborative efforts between the Keep and NuCypher communities, culminating in a decentralized on-chain merger. This process was meticulously planned and executed, with multiple proposals and community votes guiding the merger's terms. All thanks to the current rise of the Bitcoin, it has positively impacted the price of the threshold token as it's somehow pegged to the BTC price.

Spot the Main Event:

Multi-chain BTC strategies are now possible on Synonym 🤝 Over $200M of @TheTNetwork tBTC liquidity is now ready for users to put to work. tBTC is a secure, multi-chain asset that can extend the power of BTC to multiple EVM chains and Solana!

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.