Bitcoin has long been known as 'digital gold,' yet its limited smart contract functionality left it outside the thriving DeFi industry. BTCFi, or Bitcoin Decentralized Finance, is here to change that, turning Bitcoin into a full participant in the DeFi ecosystem.
Lending with Colend
Colend stands out as a lending platform in the DeFi on Core DAO. It allows users to leverage Bitcoin for loans and earnings, offering a mediator-free opportunity to profit on their assets.
Liquidity with Bitflux
Bitflux provides Bitcoin liquidity within the Core DAO ecosystem, allowing low-slippage swaps and turning BTC into a yield-generating tool. The platform uses Bitcoin's security to offer trustless deals with its users.
Interoperability with Glyph Exchange
Glyph Exchange expands Bitcoin's capabilities through cross-chain compatibility. The platform enables users to trade BRC-20 and ERC-20 tokens with low fees, actively linking DeFi ecosystems.
Core DAO and its protocols play a pivotal role in shaping Bitcoin's future through BTCFi. This shift not only brings new use cases to Bitcoin but also shoots for future development of decentralized finance and its integration into everyday financial transactions.
