Saber is excited to announce the first Avalanche BTC pool on Solana with Allbridge! aaWBTC is Allbridge’s Avalanche Wrapped Bitcoin, and renBTC is BTC bridged directly from the Bitcoin network using the RenBridge.

This new USDT pool will allow users to bridge their WBTC directly from Avalanche, use it to provide liquidity or enter the larger Solana DeFi ecosystem by swapping for any other Solana wrapped Bitcoin assets. SBR rewards will go live for the pool in the next 24 hours.

Allbridge provides the bridging solution that makes this possible, enabling trustless cross-chain exchange between networks like Avalanche, Solana, Ethereum, and Celo. Check out Allbridge’s docs to learn more about their bridge. Saber is proud to continue enabling $6 Billion in DeFi TVL on Avalanche to interact directly with Solana applications. Like Solana, Avalanche has incredibly fast finality, high TPS throughput, and a thriving DeFI ecosystem.

About Saber Labs

Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.

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About Allbridge

Allbridge is a decentralized, modular, and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.

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