Bitcoin Defi trifft Sui – hier funktioniert es
https://decrypt.co/325274/bitcoin-defi-taking-root-sui-heres-how-works
Bitcoin Defi trifft Sui – hier funktioniert es
https://decrypt.co/325274/bitcoin-defi-taking-root-sui-heres-how-works
2 Kommentare
tldr; Bitcoin DeFi (BTCfi) is gaining traction on the Sui blockchain, enabling Bitcoin holders to engage in decentralized finance (DeFi) activities like lending, borrowing, and staking. Sui integrates assets like Wrapped Bitcoin (WBTC), LBTC, and sBTC, offering various levels of decentralization and utility. Collaborations with networks like Stacks aim to preserve Bitcoin’s trustless ethos while expanding its financial utility. Sui’s BTCfi ecosystem is part of a broader effort to unlock Bitcoin’s potential beyond being a store of value.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
If you need to go to a different blockchain to do your DeFi – then it’s not really Bitcoin DeFi.
The closest thing to actual Bitcoin DeFi is happening on Bitcoin Cash which has introduced powerful scripting changes in its VM to allows things like covenants, introspection, DEXes, non-custodial leverage trading based on L1 smart contracts etc.
https://awesomebitcoin.cash/#bch-native-decentralized-finance
https://bchfaq.com/knowledge-base/does-bitcoin-cash-have-defi/
https://bchbull.com/
https://www.cauldron.quest/