CryptoSlate
Liquid’s reserve again matches L-BTC in circulation, with SideSwap reporting 4,270.54 BTC backing 4,270.54 L-BTC on the morning of Nov. 3. The provider said deposits of 300 BTC and 250 BTC on Nov. 2 helped bring reserves level with circulation. Direct withdrawals from the Liquid Federation remain restricted.
Frequently asked questions
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What reserve and circulation figures did SideSwap report?
SideSwap reported 4,270.54 BTC in the Liquid Federation reserve and 4,270.54 L-BTC in circulation on the morning of Nov. 3.
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Can L-BTC holders convert to Bitcoin through SideSwap?
SideSwap says its customer conversion service has been open since Oct. 20. It offers one-to-one conversion, less its standard 0.1% fee.
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Why can a SideSwap payout be delayed despite full reserve backing?
SideSwap pays customers from its own Bitcoin wallet, which is refilled manually. Orders can queue when the wallet runs low.
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How does SideSwap handle queued conversion orders?
SideSwap says it pays queued orders in arrival order after the next wallet refill, but does not guarantee a completion time.
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Have direct Liquid Federation peg-outs resumed?
No. Direct Federation peg-outs remain restricted, and SideSwap says it does not know when they will resume. Their restart is subject to security and operational requirements.
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