LI.FI integrates ThorChain for native Bitcoin swaps with EVM chains
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 solutions provider, has integrated ThorChain to support native Bitcoin (BTC) swaps. This integration, powered by SwapKit, allows users to exchange native Bitcoin with assets on EVM chains directly within their wallets and applications.
The move simplifies Bitcoin accessibility for users primarily holding assets on EVM chains. LI.FI’s integration with ThorChain eliminates the friction in purchasing BTC, enabling users to buy native BTC directly within their preferred wallets and applications.
This development also brings ThorChain support to EVM chains, adding to LI.FI’s extensive 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 easy way to buy BTC or swap between it and other assets on EVM chains.
LI.FI is actively working on extending support to Bitcoin Layer 2 solutions, aiming to offer applications greater flexibility in tapping into the Bitcoin network’s potential. The company plans to share insights from its exploration of the Bitcoin ecosystem through upcoming research articles.
The integration is accessible through the LI.FI API, facilitating easier incorporation of Bitcoin into various platforms and applications.
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Author: Gino Matos
