I don't know anything about liquid.

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it's a sidechain that acts very much like bitcoin (UTXO's, etc) where you can peg-in / peg-out bitcoin.

1 min block times.

it's federated custody so not trustless, but it does work.

anyways, once you have sats in there, in aqua you can do a swap to peg-out your liquid sats and "turn em back into bitcoin", which is then in your custody.

the same seedphrase in aqua is used for both liquid and bitcoin.