Liquid Network

Update from the Liquid Federation:

The Liquid Federation is pleased to announce that the network’s bitcoin reserves have been fully restored, reestablishing 1:1 BTC backing for all LBTC.

This follows the restoration of BTC<>LBTC swaps several weeks ago, which have since allowed users to move between Bitcoin and Liquid at a 1:1 rate through participating swap providers. Together, these milestones represent significant progress in the Federation’s recovery efforts and reaffirm its commitment to the long-term security, stability and resilience of the Liquid Network.

As always, the network’s bitcoin reserves are independently verifiable. Users operating their own Liquid nodes can directly verify the Federation’s Proof of Reserves, while reserve balances and network activity can be monitored through the public dashboard at http://liquid.network.

We extend our sincere appreciation to the Bitcoin community, Liquid users, and ecosystem partners for their patience, understanding, and continued engagement throughout the recovery process. Your support and involvement has been instrumental as we worked to restore the network’s reserves and strengthen its underlying infrastructure.

Strengthening the Liquid Network for the Future

Looking ahead, the Federation is advancing several important initiatives designed to strengthen the network’s long-term security, governance, and operational resilience.

These efforts include modernizing the governance structure, introducing clearer responsibilities and oversight, and implementing additional technical and operational safeguards to further protect the network and its participants.

More details on these initiatives and the Federation’s next steps will be shared in the coming weeks.

Restoring full bitcoin backing marks an important milestone, but our work continues. The Federation remains committed to building on the progress of recent years, advancing Liquid’s development, and strengthening the network’s resilience and accessibility for all participants.

Update from the Federation:

BTC<>LBTC swaps were re-enabled last week as part of Liquid’s staged recovery. Users can once again swap between BTC on Bitcoin and LBTC on Liquid at 1:1 through participating providers, including Aqua,

and SideSwap. These providers collectively accounted for 99% of peg-out volume prior to the incident.

Normal Federation peg-out operations remain subject to enhanced operational controls while security hardening continues and the independent security audit nears completion.

The community can track progress toward restoring full 1:1 BTC backing for LBTC through Liquid’s auditable Proof of Reserves at liquid.network.

Liquid Network Restoration Update

With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.

The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.

https://blog.liquid.net/liquid-network-staged-recovery-update/

The team from

brought Apogee, their browser wallet, to Simplicity office hours and drove the lending contract end to end.

It read the tx-manifest, built by

's Mike Berry, and showed the loan terms in plain language.

Pay for lunch with a hundredth of a Strategy share?

@adam3us on how issuers use Blockstream AMP to embed adherence to essential standards directly inside Liquid tokens, so people can use them in novel ways.

https://youtube.com/shorts/7qKQUDZY3BE?feature=share

A zero-conf Liquid payment can now be accepted early, backed by real data.

The new 0-conf API reports exactly how many nodes across the network have seen a transaction, so integrators set their own acceptance threshold.

Full API details in our new technical explainer.

https://blog.liquid.net/0-conf-for-elements-and-liquid-a-technical-explainer/

How do you get any wallet to interact with a Simplicity contract, with no custom code per contract? Mike Berry demos TX Manifest: a JSON format that tells wallets how to build and sign a contract's transactions, demoed against a testnet DEX.

OP_CAT and CHECKSIGFROMSTACK have been live on Liquid for years. Some layer-2s have implemented themselves on top, effectively becoming layer-3s to prove the concept works, as

explains.

https://youtube.com/shorts/2H-hkoYOqBY

his week's Simplicity Office Hours covers enums, a way to name every spending path a contract can take.

Bring what you're building to office hours with the

team. Every Tuesday 15:00 UTC.

https://docs.simplicity-lang.org/office-hours/

Signing what you cannot read is the riskiest moment in any contract.

engineer Kyrylo Riabov shows Liquid assets that tell you what they actually are when you sign.

In alpha across Blockstream Explorer, the app and Jade.

Liquid has reached its 4 millionth block. 🎉

Born from the OG sidechain whitepaper in 2014, developed and announced alongside the first sidechain, Elements Alpha, in 2015, and launched in production in 2018, Liquid has quietly become an important piece of infrastructure for bitcoin over the years.

It enables confidentiality by default, native asset issuance, 0-conf, and, more recently, high-assurance Simplicity smart contracts and a growing DeFi ecosystem.

Today, Liquid supports more than $5B in tokenized real-world assets, spanning stablecoins like USDT and DEPIX, tokenized stocks, private credit, and gold funds.

Four million blocks down. Bitcoin’s financial layer is just getting started.

Meet Humid: an experimental, privacy-first browser wallet bringing Simplicity to Liquid. Connect to a dApp and it shares nothing about your wallet unless you approve. Artem Chystiakov walks through the goals and gives a live demo.

Simplicity is turning 1 on Liquid mainnet. Find out more about the developer toolchain, live contracts, and post-quantum signatures.

How does consensus actually work on Liquid?

At

Toronto,

Director of Engineering Pablo Greco lays it out: signed blocks, one-minute times, two-minute finality, Confidential Transactions, and native multi-asset on a Bitcoin layer-2.

Watch:

See it in action at Simplicity Office Hours, Tuesday July 28, 15:00 UTC:

https://docs.simplicity-lang.org/office-hours/

Other chains retrofit security tokens and end up with complicated, expensive, hard-to-secure messes.

Liquid's AMP is a 2-of-2 multisig. The blockchain doesn't need to know anything else. nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kwon the security track record.

https://youtube.com/shorts/0to7Ve3zqlk?feature=share

High-assurance Bitcoin contracts are here. Simplicity is a next-generation smart contracting language for Bitcoin, built for verifiable security and financial correctness.

Simplicity Office Hours is your direct line to the Blockstream team building it. Bring your questions.

Every Tuesday 08:00 PT.

Recent sessions have covered covenants, prediction markets, lending tools, and trustless swaps.

docs.simplicity-lang.org/office-hours/

Join

Engineering Manager Artem Chystiakov's upcoming workshop on HUMID for a first look at a Simplicity-first browser extension wallet for Liquid.

https://docs.simplicity-lang.org/office-hours/

Loading: A decentralized price oracle for on-chain finance.

Take a look in the new Simplicity community.

https://community.simplicity-lang.org/t/simplicity-powered-price-oracle-running-on-liquid/43

New zero-confirmation (0-conf) infra is now available, giving enterprises near-instant, privacy-preserving acceptance flows on Liquid.

It’s part of Liquid’s 2026 roadmap, alongside a quantum-ready testnet and BitVM whitepaper by year-end.

https://blog.liquid.net/0-conf-for-elements-and-liquid-a-technical-explainer/

Liquid doing the heavy lifting here for bitcoin-based capital markets. After years of building, the market is finally catching up to the thesis.

Bitcoin-derived. Security-first. No misaligned governance token. Confidential, yet auditable.

Explore issuing RWAs with

AMP.

https://blockstream.com/amp/

Moving shares between brokerages still feels like there's a fax machine behind it somewhere.

on how Liquid is a neutral platform for moving tokenized assets between wallets, OTC platforms, and licensed security token exchanges.

https://youtube.com/shorts/royM2pY_OaU?feature=share

Clams v1 has shipped.

brings Bitcoin layer-2s like Lightning and Liquid into one set of books, alongside your on-chain BTC. Channels, coins, and Liquid assets like USDt, reconciled together.

A technical breakdown of Simplicity: how it works, what it trades off, and what you can build on Liquid.

https://x.com/Arvolear/status/2078086263983190036

Welcoming Apogee to the ecosystem: a new self-custodial Liquid wallet in your browser. Pair it with

Jade, or start with a 12-word seed you back up. From

one of Bitcoin's most impressive dev teams.

Free and open source with self-custody as the standard.

Curious how these Simplicity apps actually work?

Bring your questions to the

team at Office Hours, every Tuesday 08:00 PT.

🔗 https://docs.simplicity-lang.org/office-hours/

ICYMI: Simplicity, Liquid’s high-assurance smart contracting language, has a newly redesigned documentation site. It includes a testable lending contract that lets users borrow against assets such as LBTC and USDT.

https://simplicity-lang.org/simplicity-apps

You can see the UTXOs moving on the Liquid block explorer. You can't see the amounts, and you can't see which asset moved.

A zero knowledge proof lets every full node verify the transaction is valid, without seeing a single number.

on how Confidential Transactions actually work.

https://youtube.com/shorts/OyiuAAqKrbk?feature=share

New look for simplicity-lang.org. Formally verifiable contracts, live on Liquid mainnet.

Powered by Liquid, DePix has become a go-to Bitcoin onboarding path in Brazil.

explains.

https://youtube.com/shorts/7-48OxNIKNM?feature=share

Writing Simplicity contracts gets more like writing normal code with every new SimplicityHL release. v0.6.0 adds imports, modules, and dependencies. Artem Chystiakov shares what's new from

Research.

https://github.com/BlockstreamResearch/SimplicityHL

As the Simplicity ecosystem grows, builders need to ship once and have any wallet pick it up. tx-manifest is an early experiment in making that easier, on Bitcoin and Liquid. From

Programming Language Developer Mike Berry.

🔗 https://stringhandler.github.io/tx_manifest_book/

No Simplicity office hours this week.

Instead, see how builders at

Research are thinking about growing the Simplicity ecosystem, clear signing, wallet standards, and a simple principle: you should understand exactly what you're paying for before you sign

https://docs.simplicity-lang.org/documentation/road-to-ecosystem/

Real-world assets want Bitcoin's security model without the tradeoffs. That's Liquid.

on the ~$5 billion already settling there: stocks, bonds, stablecoins and bitcoin treasuries, on a codebase built to inherit Bitcoin's security track record.

https://youtube.com/shorts/8q4f5q9WFNk?

Join Simplicity Office Hours this week with

engineers.

Recent sessions covered Mutinynet integration, DEX design, P2P lending, Confidential Transactions, and smart contract diagramming.

Bring your questions every Tuesday 08:00 PT

🔗 https://docs.simplicity-lang.org/office-hours/

Longer-term,

is researching a BitVM-style 1-of-n bridge for Liquid.

Lower trust assumptions than threshold-signature models. It's still early, but the aim is to further minimize the network's trust assumptions at the protocol level.

https://blog.blockstream.com/liquid-network-roadmap-0-conf-quantum-readiness-and-bitvm/

Block signers on Liquid can't decrypt transactions. No keys. No binding. No front-running.

on how Confidential Transactions largely solve the MEV problem and why that matters for trading on Liquid with platforms like SideSwap.

https://youtube.com/shorts/IjvV7IS-aSM

Near-instant settlement on Liquid is in public beta testing.

0-conf lets services act on transactions before block confirmation, removing friction from swaps and payment flows where waiting a single block is already too long.

https://blog.blockstream.com/liquid-network-roadmap-0-conf-quantum-readiness-and-bitvm/

The full Liquid Developer Bootcamp from Blox Space Turin is now on YouTube.

Director of Engineering Pablo Greco on Liquid Network fundamentals.

Seth Schoen, Simplicity Developer Advocate, on high-assurance smart contracts.

Everything you need to start building on Liquid in one video.

Activation complete. ✅

ELIP 203 is now live on Liquid, removing the issuance cap for non-LBTC assets and unlocking better UX for large-scale tokenization.

Mainnet proof. 👇

https://blockstream.info/liquid/tx/6c3be5b2dff1ab1a65586bc572a48daa00e6c3acba415cfbb4df5e0c17c4dae2?expand

First major roadmap upgrade shipped. Next up: 0-conf by end of June. ⌚️

ELIP 203 is the first step in implementing the broader development roadmap for Liquid.

Eg, by removing the issuance cap for non-LBTC assets, it improves tokenization UX and makes Liquid better suited for large-scale asset issuance.

Full roadmap. 👇🌊

https://blog.blockstream.com/liquid-network-roadmap-0-conf-quantum-readiness-and-bitvm/

25 developers. One weekend. Six Simplicity smart contracts built and deployed on Liquid at Blox Space in Turin, alongside

engineers.

https://youtube.com/shorts/wEDKPSFr_5A

Peer-to-peer lending on Bitcoin. No trusted intermediary.

DeFi expert Sergey Kozlov walks through how it works using Simplicity smart contracts. Live on Liquid testnet.

Every Tuesday at 08:00 AM PDT, join

engineers for Simplicity Office Hours.

This week: digging into what came out of the Turin Simplicity Hackathon.

☎️ 🔗 https://docs.simplicity-lang.org/office-hours/

Over $100M in BTC and stablecoin payouts were settled on Liquid in 2025 by STOKR alone!

Arnab Naskar explains how Bitcoin-native securities run on Liquid: with programmable payouts, NAV calculations and instant settlement in LBTC.

https://youtube.com/shorts/EPpwGI3al9Q

Liquid processed 1,163,119 transactions in Q1 2026. That's nearly 5x Q1 2025, a 72% jump over Q4 2025, and more volume in three months than the entire network processed in all of 2024.

15 consecutive months of growth. 🌊

Full Q1 report: https://blog.liquid.net/liquid-federation-quarterly-update-q1-2026/

Attention Liquid node runners!

Reminder: update your Elements nodes to at least v23.3.1 ahead of the scheduled activation of ELIP 203 on Monday, June 1, 2026. This update also ensures the best experience when building with Simplicity smart contracts.

https://github.com/ElementsProject/elements/releases

---

ELIP 203 is the first step in implementing the broader development roadmap for Liquid.

Eg, by removing the issuance cap for non-LBTC assets, it improves tokenization UX and makes Liquid better suited for large-scale asset issuance.

Full roadmap. 🌊 ⬇️

https://blog.liquid.net/blockstream-shares-liquid-development-roadmap-0-conf-pq-readiness-bitvm-more/

Liquid is the first production Bitcoin sidechain to verify post-quantum signatures on mainnet.

Research deployed SHRINCS as a Simplicity smart contract. No consensus changes. No hard fork. LBTC, stablecoins, and tokenized securities on Liquid can opt into quantum-resistant protection today. 🌊

Full Q1 report: https://blog.liquid.net/liquid-federation-quarterly-update-q1-2026/

Building high-assurance smart contracts on Liquid is now easier.

Simplex, the Simplicity development framework built by Artem Chystiakov at

Research, handles witness generation, regtest integration, and transaction signing so developers can focus on the contract logic.

The full near-term Liquid development roadmap below.

0-conf, BOLT 12 and LNURL support in Liquid Wallet Kit, Simplicity-based Bitcoin DeFi infra, quantum readiness, BitVM-style bridge research, and institutional custody are all in motion.

What else would you like to see?

All-time high transaction volumes, $5 billion in RWA TVL, 87 federation members - get the quick download in the latest Liquid quarterly report.

https://blog.liquid.net/liquid-federation-quarterly-update-q1-2026/

Google Quantum AI's cryptocurrency paper highlights an important question: how do you prepare blockchain infrastructure for quantum computers?

The paper mentions using an Elements based sidechain like Liquid to possibly safeguard vulnerable bitcoin by enabling adjudication and recovery mechanisms through a community-ran federation.

This highlights Liquid's federated governance model, which can enable faster quantum readiness. 🧵

Bitcoin mainchain changes require global consensus. Conservative governance is a feature for base layer security.

Liquid's consensus model (11-of-15 functionary operators) with a federated governance enables faster protocol upgrades for testing post-quantum cryptography without any upstream risk to Bitcoin.

The

Research team recently demonstrated SHRINCS post-quantum signatures on mainnet, without a soft fork, using Liquid's native smart contract language, Simplicity.

Liquid is one instance of the open-source Elements platform that Blockstream maintains. As a fork of the Bitcoin Core codebase, it has long served as a proving grounds for upgrades to Bitcoin.

Schnorr signatures, SegWit, and OP_CSV were proven on Liquid before Bitcoin adoption. To this day, Elements maintains parity with Bitcoin Core, enabling bidirectional feature upgrades.

https://blog.liquid.net/bitcoin-core-and-elements/

Bitcoin maximizes decentralization with slow governance. As a sidechain, Liquid complements this, with distributed trust and faster iteration.

As quantum computing advances, Bitcoin will eventually need post-quantum cryptography.

Liquid, or another Elements-based network, can serve as a strong production environment for researchers to validate the robustness and usefulness of these upgrades before any mainchain deployment.

Is an AMM with no admin keys, no upgrades, and permanent on-chain settlement possible?

is exploring this on Liquid using Simplicity - high-assurance smart contracts where the math is enforced cryptographically, not by trusted operators.

Slim will demo early work at Simplicity Office Hours on Tuesday!

Ask questions and see what's possible when smart contracts settle with cryptographic guarantees.

Simplicity Office Hours - Tuesday, March 31, 8:00 AM PT

https://docs.simplicity-lang.org/office-hours/

Bitcoin's first and most battle-tested sidechain just received a cryptographic upgrade thanks to

Research and enhancements upstream from Bitcoin.

• More secure API functions
• Faster ECDSA and Schnorr signing
• Faster pub-key generation
• Faster ZKPs like CT and CA

Prediction markets are in development on Liquid.

Covenant-based settlement enforced by cryptography.

is building with Simplicity — high-assurance smart contracts, mathematically provable execution.

Tommy demos live at Simplicity Office Hours this Tuesday. 🔗 ⬇️

See the demo, ask questions and speak with the nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqghwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2qpqfmunwy3lljfyzlgyuyman79lxwm4efz6pzlgqjwc400pr9l708qq0u0w0x builders working on trustless prediction markets.

Tuesday, March 24, 8:00 AM PT

https://docs.simplicity-lang.org/office-hours/

The ecosystem is open and builders are shipping on Liquid.

nostr:nevent1qvzqqqqqqypzpy3fg4melylapvm4nug40c7elgs08lfycju09084yr9v7ey67amdqyvhwumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wshsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshsqgrjxut8nx25x3h4gxldcgych450rysfqpjh8ngtlz9c7u8g3rfmvqu9tuuanostr:nevent1qvzqqqqqqypzpy3fg4melylapvm4nug40c7elgs08lfycju09084yr9v7ey67amdqyvhwumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wshsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshsqgrjxut8nx25x3h4gxldcgych450rysfqpjh8ngtlz9c7u8g3rfmvqu9tuua

The power of Liquid<>Lightning interoperability. Two of the most secure layer-two protocols, both with proven track records, working together to make bitcoin transactions cheaper, more private, and faster for everyday users.

Simplicity verifies any zero-knowledge proof on-chain. Andrew Poelstra (@Blockstream Research) explains how Starkware built a STARK verifier that fits in a block.

https://youtube.com/shorts/aQx35Hpn1R4

Liquid provides the most robust and proven Bitcoin infrastructure.

Simplicity is the most advanced way to unlock that power.

Join the Simplicity Office Hours, Tuesday 8:00 AM PT, to dive into the tech, ask questions, share ideas.

https://docs.simplicity-lang.org/office-hours/

The Simplicity signature verifier is the first building block in making Liquid fully quantum-resistant. As Liquid's technical provider,

, is leading research into quantum-resistant bridges, confidential transactions, and assets. More to share soon. 🌊

The Liquid Federation has grown to nearly 80 member companies and Bitcoin software entities since 2018.

Liquid Engineer Byron Hambly breaks it down: three boards (membership, technology, oversight) with 15 companies running the functionaries.

https://youtube.com/shorts/k57BMc7OzhA

Liquid provides the most robust and proven Bitcoin infrastructure.

Simplicity is the most advanced way to unlock that power.

Join the Simplicity Office Hours, Tuesday 8:00 AM PT, to dive into the tech, ask questions, share ideas.

https://docs.simplicity-lang.org/office-hours/

On Liquid, tokenized securities can move on CEXs like Bitfinex Securities or on a DEX like Side Swap. Add Confidential Transactions and you get institutional-grade privacy without giving up Bitcoin rails.

Arnab Naskarr and the team at Stokr are pioneering building on this infrastructure.

https://youtube.com/shorts/0v9yXoM8h50

Simplicity is live on Liquid - a high assurance smart contract language designed for Bitcoin-like blockchains with formal verification at its core.

Want to learn how to write Simplicity programs? 🧐⬇️

Join our weekly Office Hours every Tuesday at 8am PT where developers discuss features, ask questions, and show what they're building.

https://docs.simplicity-lang.org/office-hours/

Inspect this Simplicity program execution on the

Explorer for Liquid.

https://blockstream.info/liquid/tx/9d968310e55172871182cfc6fd33a5e2bc5c8ba8fc1f7c4ef5743163ac8b998a?expand

Just wrapped the 2026 Liquid Strategy Summit! Showcases and discussions on Simplicity-powered prediction markets, DEXs, 0-conf, quantum readiness, new RWA tokenization tooling, and more.

Details soon! 🌊

DeFi options markets have a problem: trust the oracle, trust the chain, or trust the counterparty.

Simplicity is designed to address all three. Options contracts settle on-chain with Bitcoin-grade security.

This is what Bitcoin DeFi can look like.

Simplicity Office Hours happen every Tuesday at 8:00 AM PST.

This is where you can explore building with high assurance smart contracts directly in the Simplicity web IDE with the team.

Ask questions. Share ideas.

https://docs.simplicity-lang.org/use-cases/simplicity-dex/

Andrew Poelstra, Simplicity Lead at

Research, explains how developers are able to build using SimplicityHL and use OP_CAT, SIGHASH_ANYPREVOUT, vaults, and covenants on Liquid today.

$4.2B TVL. Production-ready infrastructure. High assurance smart contracts.

https://youtube.com/shorts/kRifqKi0TR0

Bitcoin options infrastructure is being built without trusting an exchange, an oracle, or a counterparty.

Simplicity enables on-chain options with high assurance smart contracting. No price feeds to manipulate. No smart contract exploits by design.

Join Simplicity Office Hours every Tuesday at 8:00 AM PST to learn more about what's being built.

https://docs.simplicity-lang.org/office-hours/

Liquid unlocks features Bitcoin doesn't have: one-minute blocks, Confidential Transactions, asset issuance.

Liquid Engineer Byron Hambly explains how Liquid runs as Bitcoin sidechain since 2018 with Tether, tokenized shares, and RWA trading 24/7.

https://youtube.com/shorts/owQX-UqSpbI

The Liquid Federation is excited to welcome seven new member companies: Cowbolt, Eulen, illuminodes, Mooze, OrderMoon, Sorted Wallet, and SOUSTA, bringing total Federation membership to 87.

Together, they represent a meaningful expansion in both where Liquid is being deployed and how it is being used.

The new members broaden Liquid’s usage across three distinct sectors: everyday payments, decentralized protocols and infrastructure, and Bitcoin capital markets.

Details:

https://blog.liquid.net/liquid-welcomes-seven-new-bitcoin-native-companies-to-the-federation/

Make your first Liquid transaction at Plan B El Salvador 🇸🇻

Liquid Engineering Manager Pablo Greco walks you through it step-by-step covering faster settlement, Confidential Transactions, and self-custody.

Jan 31, 4pm. PoW Room, Marte Museum. (Spanish)

Liquid <-> Lightning swaps are driving Liquid transaction growth.

Liquid Engineer Byron Hambly explains: swap between LN and LQ, accept Lightning without managing channels, collect UTXOs as intermediary layer. Pioneered by

, now in the Blockstream app.

https://youtube.com/shorts/EVbElCtWviY?feature=share

Capital markets need privacy, speed, and Bitcoin-grade security.

Arnab Naskar from STORK and

⁩discuss how Liquid enables tokenization, Confidential Transactions, and institutional capital markets on Bitcoin. https://youtu.be/CQC7O4Tgy04?

Most DeFi runs on chains where a bug can drain everything.

What if Bitcoin smart contracts could prove high assurance before deployment?

Simplicity is building toward this with options contracts where outcomes are provable, no 3rd parties needed.

Built different.

Join Simplicity Office Hours this Tuesday to see what building on Simplicity looks like.

Rust/SimplicityHL Engineer Kyrylo Riabov will be demonstrating an early Simplicity DEX through on-chain options contracts on Liquid.

January 28, 8am PST.

https://docs.simplicity-lang.org/office-hours/

Andrew Poelstra (Director of

Research) explains Confidential Transactions and reissuance tokens for assets on Liquid that let users issue and lock in a fixed supply forever like Bitcoin, or keep minting rights.

https://youtube.com/shorts/qy25thgXKJc

Liquid is emerging as the bitcoin-native way to borrow stablecoins against bitcoin on platforms like

.

explains how flexible scripting enables high-assurance smart contracts on Liquid to handle loan servicing logic at the protocol level.

https://youtube.com/shorts/QnAqCRl0z-0

In the latest Liquid Federation update, we reflect on last year’s progress: skyrocketing network activity, rapid TVL growth (~$5B), and exponential adoption. We also preview the exciting new developments coming in 2026, setting the stage for an even more impactful year ahead.

In the coming weeks, the Federation will share a public roadmap outlining new features and upgrades for the near term. These include multi-asset fee payments, settlement with 0-conf, and other improvements aimed at furthering institutional adoption.

https://blog.liquid.net/liquid-federation-quarterly-update-q4-2025/

Liquid isn't theoretical.

,

's Aqua,

, Side Swap, and

are all interoperating today.

breaks it down: peg in BTC, move LBTC with one-minute blocks and confidential transactions.

https://youtube.com/shorts/duITuQoyFlM

New on-chain financial products incoming!

Trade Bitcoin options. Set limit orders. Bundle trades and sell them for premium.

Director of

Research Andrew Poelstra explains how Simplicity's high-assurance smart contracts enable trustless finance on Liquid.

https://youtube.com/shorts/fphpyX3DfbU?feature=share

Director of

Research Andrew Poelstra explains the architecture and features of the Liquid Network, built from a fork of Bitcoin Core featuring Confidential Transactions, one-minute blocks, new opcodes, Simplicity, and multi-asset support.

Bitcoin-native stocks, simple swaps, 24/7 markets, all anchored to Bitcoin.

Blockstream CEO

breaks down how Liquid works as a federated sidechain hosting tokenized assets like Strategy and Metaplanet with Stokr as share registration agent.

The Liquid Federation, now 87 members strong, is excited to welcome Sorted wallet as its newest member. Sorted is a wallet that leverages Lightning with Liquid to give users in Africa and other emerging markets access to bitcoin on affordable feature phones. Onward! ⚡️🌊

When legacy markets close, Bitcoin doesn't.

Stokr CEO Arnab Naskar explains how tokenizing Bitcoin treasury assets like MicroStrategy, Metaplanet, and H100 Group on Liquid opened true 24/7 BTC-denominated markets.

Everyone talks about Bitcoin privacy as "the future" while Liquid has been delivering Confidential Transactions in production for years.

Arnab Naskar from STOKR explains why institutions are gravitating toward it—getting front-run while moving billions isn't an option.

Offline parties? Misbehaving oracle?

Research Director Andrew Poelstra explains how Simplicity handles backups elegantly, making DLCs more reliable, flexible, and practical for real users.

Andrew Poelstra of

Research explains Liquid: a federated sidechain for Bitcoin and issued assets.

Offering fast, Confidential Transactions anchored to the BTC mainchain with new blocks every minute.

Tomorrow marks the start of an exciting week of Bitcoin

with the Simplicity & Liquid bootcamp hosted by

&

.

Join us and get ready for the Simplicity hackathon. Three winners, $6k in BTC rewards, and the legendary Blockstream Jade Plus are up for grabs. Don't miss your chance!

Experiment with Bitcoin smart contracts in your browser.

Andrew Poelstra of

explains how the SimplicityHL sandbox lets you safely build, compile, and test code.

Join the Liquid Developer Bootcamp to be among the first to experiment with SimplicityHL.

https://liquid.net/bootcamp

Attention devs! Blockstream is hosting a Bitcoin L2 workshop focused on Liquid/Simplicity in Mexico City, on Oct. 29-30.

Get hands-on with a new Bitcoin smart contracting language and learn directly from the experts!

Sign up at http://liquid.net/bootcamp or RSVP at the link. 👇

Tuition fees and lunch covered by Blockstream. Special thanks to

Udelalibertad for opening its doors! RSVP 👇

https://luma.com/109etgmv

SIGHASH_ANYPREVOUT, weighted multisigs, delegation, rebindable signatures.

Blockstream Research Director Andrew Poelstra explains how Simplicity HL makes advanced Bitcoin contract design possible.

Want to start building advanced Bitcoin contracts? 🧠

https://liquid.net/bootcamp

After two years of development, BULL Wallet is now live, optimizing the power of native confidential transactions on Liquid with the speed of Lightning. 🌊⚡️

Congratulations to

and the entire

team. Onward!

https://blog.liquid.net/bull-wallet-by-bull-bitcoin-now-available-worldwide-on-ios/

Nearly 90 developers have signed up so far to get hands-on with next-gen smart contracting language, Simplicity from Blockstream Research. We still have some open seats!

Learn how to build vaults, DEXs, pooled wallets and other DApps on Bitcoin L2.

Apply now: https://liquid.net/bootcamp

The Liquid Developer Bootcamp world tour expands. 🌎

Next stop: Mexico City (Oct 29-30), followed by São Paulo (Nov 3-4), including a Simplicity hackathon

with $6k in BTC for winning teams!

Free to attend! Sign up at http://liquid.net/bootcamp now!

Learn directly from the teams building the Bitcoin L2 stack.

- Simplicity smart contracts

- trustless swaps

- mobile payments with the

- SDK

- open-source Bitcoin development

Apply now 👇

http://liquid.net/bootcamp

Live in the

store!

The Liquid Developer Bootcamp world tour continues. 🌊

Next stop: São Paulo, Nov 3-4, with a focus on Simplicity.

The bootcamp is excellent prep for the hackathon

, which will have a Simplicity track.

Apply now. 👇

In addition to Simplicity, you'll get hands-on experience with Liquid Wallet Kit (LWK) and trustless swaps, from Bitcoin experts at

,

Research,

, and more.

Apply now using the form below or visit http://liquid.net/bootcamp.

https://blockstream.typeform.com/to/iBpAMgTI?

The functionality of virtually every existing opcode proposal, every DeFi primitive in use today, and much of what exists in traditional financial markets can theoretically be built and audited in Simplicity.

Start building the future of finance today.

https://simplicity-lang.org

The countdown for Simplicity has officially kicked off! With the voting period now complete, Simplicity is scheduled to go live on Liquid mainnet by the end of next week.

Bookmark the site below. In the coming days,

Research will be adding new developer documentation, tutorials and onboarding materials to help Bitcoin developers get started with Simplicity from day one.

https://simplicity-lang.org

Liquid offers more than just fast, UTXO-based Confidential Transactions.

Stablecoins and custom assets can be issued on Liquid, making it a truly flexible Bitcoin sidechain.

Learn how it works under the hood with

Engineer

.

Lower fees and faster transactions make Liquid the perfect tool for when Bitcoin fees surge.

Simplicity update: There are now ten functionary operators signaling for the deployment of the much-anticipated smart contracting language, which brings easier developer UX and expressivity to Bitcoin L2.

What are you most excited to start building?

http://simplicity-lang.org

Liquid is the sweet spot between cold on-chain Bitcoin and fully custodial Lightning.

https://youtube.com/shorts/sSfvR6jgGos

When Bitcoin fees spike, Liquid provides a powerful tool to keep your transactions cheap.

Software Engineer

explains how Aqua by

uses Lightning and Liquid to save on costs.

https://youtube.com/shorts/qVkiNunCEiQ

The most recent Liquid Developer Bootcamp has concluded in Bulgaria! Over the course of two days, a new group of developers joined us at the University of Plovdiv to learn the fundamentals and tech stacks for building on Bitcoin and its second layers, Lightning and Liquid.

We're looking for passionate, well-connected Bitcoiners around the world to help us bring a developer bootcamp to your city. Have a date and venue in mind? DM us and let's make it happen!

The Liquid Federation is excited to share two recent growth milestones: the successful election of 2025 governance boards and the addition of five new member companies to the Federation, bringing total membership to 81. 🧵

https://blog.liquid.net/liquid-federation-expands-to-81-members-and-elects-boards-for-2025/

As Liquid adoption grows, so does the importance of effective governance. At the core of that governance lies the Federation boards, elected annually to reflect member priorities and support Liquid's evolving technical roadmap.

---

Every year, Federation members vote to elect new reps to three governance boards: Oversight, Technology and Membership. Each board has five seats, with a maximum of one per board per Federation member.

These boards provide leadership, guide Liquid's technical direction and uphold the integrity of its membership. This governance framework is separate but complementary to the 15 functionary operators who secure the network and to

, Liquid's technical provider.

First, let's welcome the 2025 Oversight Board, tasked with governance policy, operational standards and external communications:

Anna G, CEO

ArnabNaskar, Co-CEO STOKR

, CEO Bull Bitcoin

, Co-Founder Mempool Steph , CEO

---

Next is the 2025 Technology Board, which guides Liquid's technical roadmap in collaboration with Blockstream.

James Regan, Blockchain Lead DIGTL

, CEO

, Co-Founder Vulpem Ventures

, CEO

nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgxfkx0le4p7df0j8v7jwyrvux0y45kl3xapqvwagctlrdv3uyyfv5lgpykq, CEO nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpp4mhxue69uhkummn9ekx7mqqyztkwyeydsmdkxjrvnu30wvxx097pqzag6hcsrmt2zjst48txtk5whraz8v

---

Finally, the 2025 Membership Board, responsible for evaluating new applicants and reviewing member activity:

Daniel Huang, CEO BSOS Kyle Fry, CEO DIGTL Michael Rosen, CBO nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpp4mhxue69uhkummn9ekx7mqqyztkwyeydsmdkxjrvnu30wvxx097pqzag6hcsrmt2zjst48txtk5whraz8v Scott Millar, CEO SideSwap Simona Macellari, CEO Sevenlabs

---

In parallel with the 2025 boards, five new member companies:

BSOSTech, Echoxio, NexBridge SV, Sancom and SmartPay Brasil have joined, bringing the total membership in the Federation to 81.

These new members bring deep regional expertise and established networks across APAC and Latin America. These attributes are a meaningful step in growing Liquid's footprint within global financial infrastructure.

---

The Liquid Federation continues to grow in scope, depth and global relevance. If your business or organization is building payment systems, tokenization infrastructure, or other enterprise solutions on Liquid, consider applying for membership.

https://community.liquid.net/c/knowledge-base/how-to-become-a-liquid-federation-member