BTCFi aims to make Bitcoin an active DeFi player through platforms like Core DAO, targeting new functionalities such as lending and trading.
Colend: Redefining Bitcoin Lending
Colend enables users to leverage their Bitcoin for lending and borrowing while earning yield, attracting over $100M TVL by providing security without intermediaries.
Bitflux: Enhancing Bitcoin Liquidity
Bitflux enhances Bitcoin's liquidity within the Core DAO ecosystem, allowing users to execute low-slippage swaps and supporting BTCFi as a dynamic tool.
Glyph Exchange: Bridging Bitcoin and DeFi
Glyph Exchange, supported by Core DAO, enables BRC-20 and ERC-20 token swaps, strengthening Bitcoin's connection to EVM-compatible networks and expanding its utility.
BTCFi seeks to redefine Bitcoin's role by offering new use cases and underlining its significance in the DeFi world. Platforms continue to develop the ecosystem, but convincing conservative Bitcoin holders remains a primary challenge.
