# Add support for BTC bridged from Wanchain

**URL:** <https://gov.liqwid.finance/t/add-support-for-btc-bridged-from-wanchain/1526>\
**Category:** Uncategorized\
**Created:** [March 11, 2024, 11:24am UTC](https://gov.liqwid.finance/t/add-support-for-btc-bridged-from-wanchain/1526 "2024-03-11T11:24:04Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![justSomeRandomDude](https://avatars.discourse-cdn.com/v4/letter/j/e274bd/32.png) [@justSomeRandomDude](https://gov.liqwid.finance/u/justSomeRandomDude)\
**Post date:** [March 11, 2024, 11:24am UTC](https://gov.liqwid.finance/t/add-support-for-btc-bridged-from-wanchain/1526/1 "2024-03-11T11:24:04Z")

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**Summary**  
This is a proposal for creating a new liquidity market to support BTC for lending and borrowing on the Liqwid protocol.

**Project and Token Overview**  
BTC will be brought through the Wanchain bridge on Cardano. (More information here: [BTC, ETH, USDC and USDT come to Cardano | Wanchain](https://medium.com/wanchain-foundation/cardano-added-to-wanchains-cross-chain-infrastucture-usdc-and-usdt-come-to-cardano-a31fc8c8b8f9))

**BTC Market Reasoning**  
BTC is listed on every CEX/DEX and has the biggest market cap in the crypto space.

It means that if BTC would be sold on a DEX or any CEX, following a bridge back from Cardano to Arbitrum or Wanchain, we are confident that liquidators would find enough liquidity and the slippage would be low because of these arbitrageurs.

**Risk Considerations**  
The Wanchain bridge has been built with IOG and tested successfully. Wanchain is already operating many bridges and did not encounter any ibssue until now. (Website: [https://www.wanchain.org/](https://www.wanchain.org/))

The current bridge is accessible there: [https://bridge.wanchain.org/](https://bridge.wanchain.org/)

**Suggested BTC Market Parameters**  
In my opinion we should use the same parameters, as we are already using for ERGO which is also a bridged non-stable token.

**Conclusion**  
JustSomeRandomDude recommends the adoption of this proposal and to add **$BTC for supplying and borrowing on Liqwid** with the proposed market parameters. In the beginning we should not allow BTC as collateral in the first step.

_Poll ([view on site](https://gov.liqwid.finance/t/add-support-for-btc-bridged-from-wanchain/1526/1))_

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**Author:** ![zxcquangzxc](https://avatars.discourse-cdn.com/v4/letter/z/58f4c7/32.png) [@zxcquangzxc](https://gov.liqwid.finance/u/zxcquangzxc)\
**Post date:** [March 12, 2024, 1:16pm UTC](https://gov.liqwid.finance/t/add-support-for-btc-bridged-from-wanchain/1526/2 "2024-03-12T13:16:40Z")

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connection with wanchan application was asked for proposal 11 and passed

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**Author:** ![zxcquangzxc](https://avatars.discourse-cdn.com/v4/letter/z/58f4c7/32.png) [@zxcquangzxc](https://gov.liqwid.finance/u/zxcquangzxc)\
**Post date:** [March 12, 2024, 1:58pm UTC](https://gov.liqwid.finance/t/add-support-for-btc-bridged-from-wanchain/1526/4 "2024-03-12T13:58:16Z")

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Suggestions will be voted upon after v2 update. I believe so. it will be good for liqwid protocol