BOB
@build_on_bob
The Bank of Bitcoin. Swap, save, earn and borrow - all on Bitcoin rails. Backed by @CBVENTURES, @CastleIslandVC, @Ledger.
가입 November 2020
17 팔로잉 중 259.4K 팬
Bridge or swap? It depends.
𝗪𝗵𝗲𝗻 𝗺𝗼𝘃𝗶𝗻𝗴 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗰𝗿𝗼𝘀𝘀 𝗰𝗵𝗮𝗶𝗻𝘀, 𝘀𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗯𝗿𝗶𝗱𝗴𝗲 𝗕𝗧𝗖 𝗼𝗿 𝘀𝘄𝗮𝗽 𝗶𝘁?
The answer depends on what you want to hold at the end.
Bridging $BTC into a BTC-backed token can preserve your Bitcoin price exposure on another network, while swapping BTC exchanges that exposure for an asset such as $ETH or $USDC.
These are two different goals, and confusing them can lead to unnecessary transactions, extra fees and risks you did not intend to take.
@build_on_bob explains the distinction in its guide to moving native $BTC across chains without wrapping it or using a centralized exchange:
𝐋𝐞𝐭'𝐬 𝐛𝐫𝐞𝐚𝐤 𝐝𝐨𝐰𝐧 𝐭𝐡𝐞 𝐭𝐫𝐚𝐝𝐞-𝐨𝐟𝐟𝐬. 🧵
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