Liquid’s federation wallet remains below the circulating LBTC total after Blockstream’s latest 300 Bitcoin (BTC) transfer, leaving reserve coverage at 94.14% of LBTC in circulation.
The wallet has 4,018.95 BTC; circulation stands at 4,268.95 LBTC. The 250 BTC difference equals 5.86% of the circulating amount.
The ratio compares Bitcoin held in the wallet with outstanding LBTC. A one-to-one reserve balance would require equal totals, which the latest figures do not show.
Liquid is still recovering from a security incident. EconoTimes previously reported that the federation had opened a provider swap route while keeping its direct peg-out channel restricted.
