According to Foresight News, Runes Factory, a liquidity layer for Bitcoin ecosystem assets, is set to launch a new product at the Runes Asia Summit in Hong Kong on May 9. The core features of the new product include the establishment of a full-chain asset liquidity pool and an independent asset vault, covering pledge and lending products based on the Runes protocol.
Runes Factory aims to address core issues in the Bitcoin ecosystem, including liquidity islands and a lack of smart contracts. Their solution will provide liquidity empowerment for BRC20 inscriptions and NFT assets. The Runes Factory team is composed of professionals in the BTC and DeFi fields and has received support from veteran investment institutions.
The new product is expected to enhance the liquidity of Bitcoin ecosystem assets and provide a solution to the lack of smart contracts. This move is seen as a significant step towards addressing the challenges faced by the Bitcoin ecosystem and is eagerly anticipated by industry professionals.