Bitcoin is no longer just a store of value. With BTCFi (Bitcoin Decentralized Finance), the flagship crypto asset has become a significant DeFi player. Core DAO platforms play a major role in this movement.
Redefining Lending: Colend
Colend is a lending platform on Core DAO that allows borrowers to use Bitcoin as collateral. With a TVL of over $100M, Colend transforms BTC into a yield-generating asset.
Enhancing Liquidity with Bitflux
Bitflux enhances Bitcoin liquidity within the Core DAO ecosystem through low-slippage swaps. The platform puts BTC at the center of DeFi, allowing users to provide liquidity and earn rewards.
Bridging Ecosystems: Glyph Exchange
Glyph Exchange provides cross-chain compatibility, connecting EVM liquidity with Bitcoin assets. This allows users to trade BTC-based assets with low fees and high efficiency.
Core DAO and the mentioned platforms shape the future of BTCFi, making Bitcoin not just a store of value but an active participant in DeFi. Implementing these principles could change how Bitcoin is perceived in the financial world.
