The Swingby Protocol aims to bring the value and liquidity of other blockchain tokens to the Ethereum blockchain.
Swingby creates an ERC20 based token representing the other blockchains and stabilizes its value through a cross-chain lending contract.
DEX provides trading of BTC tokens on Ethereum.
This leads to improvement to liquidity at the exchanges.
BTC tokens can be used for financial derivatives protocols with short sell and option trading.
BTC tokens are the subject of lending transactions on decentralized lending protocols.