Key takeaways
- LI.FI integrates ThorChain to support native Bitcoin swaps with EVM chain assets.
- The integration simplifies Bitcoin accessibility and is available through LI.FI’s API.
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LI.FI, a cross-chain liquidity solution provider, has integrated ThorChain to support native Bitcoin (BTC) swaps. This integration, powered by SwapKit, allows users to swap native Bitcoin with assets on EVM chains directly within their wallets and applications.
This initiative simplifies Bitcoin accessibility for users primarily holding assets on EVM chains. LI.FI’s integration with ThorChain removes friction when purchasing BTC, allowing users to purchase native BTC directly within their favorite wallets and apps.
This development also brings ThorChain support to EVM chains, adding to LI.FI’s long list of supported bridges. The integration offers wallets, DeFi platforms, and enterprise applications the opportunity to enhance their offerings by providing users with a secure and simple way to purchase BTC or swap between it and other assets on EVM chains.
LI.FI is actively working on expanding support for Bitcoin Layer 2 solutions, with the goal of providing applications with greater flexibility to exploit the potential of the Bitcoin network. The company plans to share the results of its exploration of the Bitcoin ecosystem in upcoming research papers.
The integration is accessible via the LI.FI API, making it easy to integrate Bitcoin into various platforms and applications.
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