According to Odaily, the ICON network has started acquiring BTC assets, including BTCB and wBTC, to enhance its own liquidity. The cross-chain DEX and lending platform Balanced on ICON have now established a unified cross-chain BTC/bnUSD pool. It is anticipated that the frontend will be launched within this month.
The acquisition of BTC assets is a strategic move by the ICON network to bolster its liquidity. The inclusion of BTCB and wBTC assets will provide a more robust and diverse pool of resources for the network. This move is expected to strengthen the network's stability and performance.
The establishment of a unified cross-chain BTC/bnUSD pool on Balanced, ICON's cross-chain DEX and lending platform, is a significant development. This will facilitate smoother and more efficient transactions across the network. The anticipated launch of the frontend within this month will further enhance the user experience and the overall functionality of the platform.