The multi-chain liquidity protocol Symbiosis Finance opened access to the wrapped renBTC token.
The developers introduced a cross-chain bridge protocol that enables exchanging any token in the DeFi ecosystem for Bitcoin.
Symbiosis uses Ren Protocol on BNB Chain. It burns renBTC on the Binance network and sends bitcoins to the user\’s address on the Bitcoin blockchain.
“Our initiative solves the problem of interaction between Bitcoin and DeFi. The cross-chain exchange executes the swap in a single transaction,” the company said.
The developers of the protocol will continue to expand its functionality.
Earlier in June, Symbiosis Finance entered into a partnership with ChainSwap, Milkomeda and Rubic.
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