Liquid restores 1:1 Bitcoin backing, but wallet refills remain manual

The Liquid Network's Bitcoin reserve again fully backs L-BTC, its Bitcoin-linked token, swap provider SideSwap said Nov. 3. Direct withdrawals from the Liquid Federation remain restricted, leaving SideSwap's customers dependent on the provider's own Bitcoin wallet for payouts. In its Nov. 3 update , the swap provider cited 4,270.54 L-BTC in circulation against 4,270.54 BTC in the reserve managed by the Liquid Federation that morning. Those equal balances restore one Bitcoin of reserve backing for each L-BTC, according to SideSwap. The company identified deposits of 300 BTC and 250 BTC on Nov. 2 among the transfers that brought the reserve level with circulation. The restoration follows the Sept.

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