Liquid says they have completes all their upgrades to federation member software:
And the next step is that they are now enabling swaps (not peg-outs):
Sure would be nice if they named these swap providers. The only one I know about is AQUA wallet's Indra #1573169
But there must be others?
Next step is reenabling peg-outs, which I imagine will take a while as they seem to indicate that this won't happen until they have restored the 1:1 peg.
Apparently the Federation will be footing the bill. But I don't know where those ~600 BTC ultimately come from.
http://nitter.space/Excellion/status/2112536547115352445
Woah. I did not expect them to just come up with 600 BTC
I thought a peg out was faiap a swap.
My understanding of a peg-out transaction is that the L-BTC actually gets burned, whereas in a swap, the L-BTC is traded to another party in exchange for BTC or sats on lightning.
Correct
I wonder if Sideswap is working
Still trapped!