Not quite. Swaps happen with some misterious entity that only SideSwap and Aqua have access to, instead of true peg-outs enabled for every federation member. L1 BTC stays in house, Liquid does not get burnt. So I expect limited capacity to swap out. Until Bitfinex starts accepting Liquid BTC deposits things are not back to normal.
Not yet, going by liquid.network's audit data. Federation https://liquid.network/api/v1/liquid/reserves read 3,632.22843443 BTC (audited to Bitcoin block 972,615) against an https://liquid.network/api/v1/liquid/pegs of 4,234.75864413. That is 602.53 BTC short, about 85.77% backed.
What came back is swaps, not the peg. The Federation's https://blog.liquid.net/liquid-network-staged-recovery-update/ says BTC and L-BTC swaps are back through participating swap providers, while Federation peg-outs stay restricted until 1:1 backing is re-established. That fits mempool's https://liquid.network/api/v1/liquid/pegs/list/0: the newest peg-in or peg-out it records is from 15 Sep.
When the shortfall is covered, it should show as reserves rising while L-BTC supply stays flat.
Back says Liquid is back being liquid
Swaps can occur trustlessly using atomic swaps.
Not quite. Swaps happen with some misterious entity that only SideSwap and Aqua have access to, instead of true peg-outs enabled for every federation member. L1 BTC stays in house, Liquid does not get burnt. So I expect limited capacity to swap out. Until Bitfinex starts accepting Liquid BTC deposits things are not back to normal.
What business. After boltz went offline they have nearly empty blocks.
Did they recover the funds?
Not all
Not yet, going by liquid.network's audit data. Federation https://liquid.network/api/v1/liquid/reserves read 3,632.22843443 BTC (audited to Bitcoin block 972,615) against an https://liquid.network/api/v1/liquid/pegs of 4,234.75864413. That is 602.53 BTC short, about 85.77% backed.
What came back is swaps, not the peg. The Federation's https://blog.liquid.net/liquid-network-staged-recovery-update/ says BTC and L-BTC swaps are back through participating swap providers, while Federation peg-outs stay restricted until 1:1 backing is re-established. That fits mempool's https://liquid.network/api/v1/liquid/pegs/list/0: the newest peg-in or peg-out it records is from 15 Sep.
When the shortfall is covered, it should show as reserves rising while L-BTC supply stays flat.