Changes in Bitcoin-Based DeFi Market

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. New Prospects for wBTC
  2. Alternatives to wBTC in DeFi
  3. The Future of Bitcoin DeFi


    4. The Bitcoin-based DeFi industry is expecting changes following the news that BitGo is working with new custodians in Hong Kong and Singapore.

    New Prospects for wBTC

    wBTC provides users with an easy way to utilize Bitcoin, the world’s most popular cryptocurrency, in various DeFi protocols. Since its launch in 2019, wBTC has become popular among investors looking to earn yields on their BTC. However, the main issue with wBTC is the necessity to trust the custodian, BitGo. The company has recently announced shifting to a multi-custodian model by partnering with BiT Global in Hong Kong and Singapore.

    Alternatives to wBTC in DeFi

    Beyond wBTC, there are many other ways to use BTC in DeFi. One of these is dlcBTC by DLC.Link, which does not require custodians and uses Taproot-based multisig. Another example is Zeus Network, which has created a decentralized protocol for moving BTC to Solana's DeFi ecosystem. Projects like Stacks and Rootstock also exist, allowing the minting of sBTC and rBTC, while Babylon offers a mechanism to enhance the security of PoS chains.

    The Future of Bitcoin DeFi

    BitGo's decision to bring more custodians may stimulate the development of new projects that offer alternative ways to use BTC in DeFi. With the growth of the Bitcoin DeFi ecosystem, a new bull run for the most valuable digital currency might commence.

    The Bitcoin DeFi industry is rapidly evolving and may become a key narrative in the crypto world. With the emergence of new projects and alternatives to wBTC, the future of Bitcoin-based DeFi looks promising and exciting.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Nvidia Appoints Colette Kress as Interim CEO and Harvey Jones as Board Chair

Nvidia appoints Colette Kress as interim CEO and Harvey Jones as board chair following Jensen Huang's resignation.

user avatarEmily Carter

Nvidia Board Evaluates Arm CEO Rene Haas as Successor to Jensen Huang

Nvidia's board is evaluating Arm CEO Rene Haas as a potential successor to Jensen Huang, who recently resigned.

user avatarTomas Novak

Unocoin Suspends Services Amid Investigation of Suspicious Transactions

Unocoin has suspended services to investigate unauthorized transactions linked to its BitGo wallet.

user avatarKaterina Papadopoulou

Chinese Developers Invest Billions in AI Data Centers Amid US Restrictions

Chinese developers are investing over $32 billion in AI data centers using Nvidia processors, despite US restrictions.

user avatarMaya Lundqvist

French Investors Increase Stablecoin Self-Custody

In France, stablecoin balances held in personal wallets surged by 192% from July 2025 to June 2026, indicating a growing trend towards self-custody among French crypto users influenced by fiscal pressures and political uncertainty.

user avatarLeo van der Veen

Stablecoin Holdings Surge in Western Europe

Stablecoin holdings in personal wallets across Western Europe surged by 131% between July 2025 and June 2026, significantly outpacing the global growth rate.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.