MatrixPort and exSat establish a comprehensive strategic partnership to promote innovation in the Bitcoin ecosystem
Matrixport will offer nBTC on the exSat platform, a new Wrapped BTC version of the product that is 1:1 anchored to Bitcoin. They plan to provide 5,000-10,000 nBTC on the exSat mainnet to enhance liquidity and support exSat's PoW+PoS consensus mechanism.
The issuance of nBTC will serve as a bridge connecting the Bitcoin and exSat ecosystems for seamless interoperability. Users can convert native BTC to nBTC through MatrixPort and use it on exSat for various BTCFi applications such as staking, lending, and trading.
