Telos Partners with pNetwork to Bring Liquidity to DeFi Ecosystem
Blockchain platform Telos, today announced a partnership with pNetwork to bring liquidity to its DeFi ecosystem. pNetwork is the decentralized governance layer running pTokens, a cross-chain system allowing assets to move freely between blockchains. Telos now supports pTokens’ pBTC, connecting Bitcoin to Telos. The token is pegged 1:1 to Bitcoin, and is compatible with other DeFi networks including Ethereum.
“Telos brings a number of leading features to the blockchain space but until it has the ability to integrate with other chains financially, these won’t reach their full potential impact,” said Douglas Horn, Telos chief architect. “We embrace the trend of digital economies becoming more complex and interconnected. pTokens has created a valuable, frictionless and secure bridge between Bitcoin and Telos that opens new possibilities for users on each side: bringing free and instant transactions to BTC use