Hey all, first post here!
I came across a recent video where Charles Hoskinson talks about Bitcoin DeFi and how Cardano could play a role.
He mentions wrapping BTC to another UTXO chain, some tech behind it (Fairgate), and the idea of enabling DeFi directly from a Bitcoin wallet.
Given Cardano’s UTXO model and focus on security, do you think it makes sense as a platform for Bitcoin DeFi? Or are existing layer 2 solutions already covering this space?
For me, it might make some sense if I do not have to move my BTC anywhere away from my wallet!
Curious to hear your thoughts!
Posting the link to the video here:
Video link.
I came across a recent video where Charles Hoskinson talks about Bitcoin DeFi and how Cardano could play a role.
He mentions wrapping BTC to another UTXO chain, some tech behind it (Fairgate), and the idea of enabling DeFi directly from a Bitcoin wallet.
Given Cardano’s UTXO model and focus on security, do you think it makes sense as a platform for Bitcoin DeFi? Or are existing layer 2 solutions already covering this space?
For me, it might make some sense if I do not have to move my BTC anywhere away from my wallet!
Curious to hear your thoughts!
Posting the link to the video here:
Video link.