{"id":64363,"date":"2022-07-14T09:48:20","date_gmt":"2022-07-14T06:48:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64363"},"modified":"2025-09-06T14:03:51","modified_gmt":"2025-09-06T11:03:51","slug":"symbiosis-finance-adds-renbtc-support","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/symbiosis-finance-adds-renbtc-support\/","title":{"rendered":"Symbiosis Finance adds renBTC support"},"content":{"rendered":"<p>The multi-chain liquidity protocol Symbiosis Finance opened access to the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-wrapped-token\">wrapped<\/a> renBTC token.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Uh oh we&#39;ve done the impossible again \ud83e\udee2<\/p>\n<p>We&#39;ve created interchain communication protocol, so you can access renBTC by <a href=\"https:\/\/twitter.com\/renprotocol?ref_src=twsrc%5Etfw\">@renprotocol<\/a> and interact with <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> \ud83d\ude0d<\/p>\n<p>Here you can read more about it \ud83d\udc47<a href=\"https:\/\/t.co\/GTuHHK4cOF\">https:\/\/t.co\/GTuHHK4cOF<\/a> <a href=\"https:\/\/t.co\/DQOIeaTnFi\">pic.twitter.com\/DQOIeaTnFi<\/a><\/p>\n<p>&mdash; Symbiosis (@symbiosis_fi) <a href=\"https:\/\/twitter.com\/symbiosis_fi\/status\/1547261101922041856?ref_src=twsrc%5Etfw\">July 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The developers introduced a cross-chain bridge protocol that enables exchanging any token in the DeFi ecosystem for Bitcoin.<\/p>\n<p>Symbiosis uses Ren Protocol on BNB Chain. It burns renBTC on the Binance network and sends bitcoins to the user\\&#8217;s address on the Bitcoin blockchain.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOur initiative solves the problem of interaction between Bitcoin and DeFi. The cross-chain exchange executes the swap in a single transaction,\u201d the company said.<\/p>\n<\/blockquote>\n<p>The developers of the protocol will continue to expand its functionality.<\/p>\n<p>Earlier in June, Symbiosis Finance <a href=\"https:\/\/forklog.com\/en\/news\/symbiosis-finance-expands-partnerships-with-chainswap-milkomeda-and-rubic\">entered into a partnership<\/a> with ChainSwap, Milkomeda and Rubic.<\/p>\n<p>Read ForkLog\\&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The multi-chain liquidity protocol Symbiosis Finance opened access to the {{AOPEN_1}}wrapped{{ACLOSE_1}} renBTC token.<\/p>\n","protected":false},"author":1,"featured_media":64364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1210,2064,2134],"class_list":["post-64363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cross-chain-protocols","tag-renbtc","tag-symbiosis-finance"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64363"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64363\/revisions"}],"predecessor-version":[{"id":64365,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64363\/revisions\/64365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/64364"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}