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
Telos Releases 2021 Roadmap – Bankless Times
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Telos Launches T-Starter to Help Projects Fundraise and Build on the Telos Blockchain – Bankless Times
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Telos Launches New DeFi Platform TSwaps
Telos this week announced the launch of TSwaps, its new full-featured DeFi platform. The TSwaps platform allows for direct swaps of both Telos tokens and low-slippage USD stablecoins, and includes yield farming liquidity pools, transaction mining rewards and a cross-chain token bridge between Telos and EOS with the Telos to Bitcoin and Ethereum bridges to be integrated soon.
The TSwaps platform has a simple swap interface to allow for the creation of liquidity pools to exchange between a number of Telos-based tokens against one another, plus pegged versions of BTC, ETH, EOS, and USD. Users will be shown an estimated result and amount of slippage for the conversion before this swap is executed. TSwaps users will also receive transaction mining rewards with each transaction in the form of SWAP tokens. Reward tokens are issued based on the TLOS value of the transaction.
Telos Foundation Opens Nominations for 2021 Board Elections – Bankless Times
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