Delicious Strudel Bitcoin Update — vBTC peg restored, a potential exchange listing, and a new bridge to BCH

Greetings, Strudel Nation. It has been an incredible week at Strudel.finance and we wanted to share some updates with the community. And make no mistake, this is just the beginning…

The Strudel Premium

Price at the time of writing:

vBTC price: $61,365
wBTC price: $59,789

Why is this important?

Strudel Bitcoin, quite simply, is Bitcoin on Ethereum. vBTC can only be minted when a Bitcoin enters the protocol, and to date we as a community have helped over 22 BTC crossover to vBTC on Ethereum, granting them access to the wonderful, blossoming world of Defi. Now that the protocol has restored the price of vBTC, there is more “street cred” with the bridge. 100% decentralized, 100% functioning, so what's next? vBTC might be our first love, but it won’t be our last…

Behold the Interchain Strudel!

Ever thought about opening up a liquidity pool bakery? Now is your chance on the new BCH pool that is going live on Strudel. To date, Strudel has had one of the best APY returns of any legitimate pools for the better part of 2021. If you have BCH and are interested in bridging them trustlessly, and non-custodially, but still have questions, come by the Official Strudel Bitcoin Telegram Channel. The admins are sexy and the community is fire. Half of that is true. We’ll let you decide.

Why is this important?

I’m glad you asked. The original goal wasn’t to stop with a fully decentralized Bitcoin-to-Ethereum bridge, but rather a fully decentralized bridge protocol for as many chains as possible. Think of it like a cross-chain Grand Central Station. The DeFi ecosystem should be accessible by all blockchains, without unnecessary custodial risk. This also means that we are now going to be exposed to the vibrant marketplace going on at Pancakeswap and beyond.

CEX-sprinkled Strudels

Governance Decision

Why is this important?

Again, great question. We need to make some strategic investments to increase our presence and appeal to a larger market as a protocol. Now that vBTC is pegged, it's in our best interest to showcase the product so that we can increase market participation, deepen our liquidity pools, and decrease volatility. The inflation produced by this initiative should be weighed against the potential for explosive growth that this proposal will help achieve.

A big shout out to our community at Strudel. The liquidity-pooled bakers, the degen bakers; all of you wonderful, fine internet folks. Thanks for everything you do. Let’s keep pushing forward!

Additional Links:

Strudel.finance Website
Official Telegram
Official Twitter
The Super Official Strudel Guide
Strudel Tutorials

The trustless bridge linking Bitcoin with Ethereum.

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