CSWAP has highlighted a new integration aimed at simplifying how Bitcoin holders can participate in decentralized finance on the Cardano network.
The update follows an announcement from $BTC Karma, CSWAP’s Bitcoin-native DeFi protocol, confirms support for the Phantom Wallet. Now that the integration is live, Bitcoin users can connect their Phantom wallets directly $BTC Karma and commitment $BTC in just a few clicks.
According to $BTC Karma, the new wallet support, removes friction from onboarding and creates an easier path for Bitcoin holders looking for return opportunities through decentralized finance applications.
CSWAP positions wallet expansion as a liquidity gateway
Following the announcement, CSWAP highlighted the broader importance of the integration for the Cardano ecosystem.
The protocol noted that each additional wallet it supports lowers the barriers that prevent Bitcoin liquidity from flowing into Cardano-based applications. Consequently, the addition of Phantom support marks another step toward attracting the next generation of Bitcoin DeFi users.
“Every wallet we support makes it easier for Bitcoin liquidity to enter the Cardano ecosystem,” CSWAP noted.
CEO of CSWAP gives tips for more integrations
Commenting on the launch, CSWAP founder and CEO Jon Kravetz reiterated the team’s commitment to expansion $BTC Karma’s reach into additional wallets and user communities.
He described the Phantom integration as part of a broader effort to… $BTC Karma ecosystem in the cryptocurrency industry. Additionally, Kravetz hinted that the team is already developing additional integrations, indicating plans to continue lowering barriers to entry for Bitcoin holders interested in Cardano’s DeFi capabilities.
Just added @phantom wallet support on @btc_karma.
We spread good $KARMA far and wide.
We convert bitcoin into productive capital, one wallet at a time. (More to come!) https://t.co/npV7lJoNyQ
— Jon Kravetz (@CSWAP_Destroy) June 30, 2026
For context, $BTC Karma is widely considered to be the first Bitcoin-native DeFi protocol to work directly on the Cardano mainnet. The platform acts as a bridge through which Bitcoin holders can earn yield and receive new tokens while participating in the Cardano ecosystem.
Notably, the protocol’s design aligns closely with Cardano founder Charles Hoskinson’s vision to bring idle Bitcoin capital into the ADA ecosystem. Hoskinson argued that Cardano can unlock more than $2 trillion in Bitcoin DeFi opportunities, emphasizing that the network has a high chance of becoming a major player in the emerging sector.
Cardano continues to expand its Bitcoin DeFi ambitions
Meanwhile, Cardano continues to advance its broader DeFi strategy through various processes, including Bitcoin integration initiatives.
Earlier this year, Fluid Tokens completed the first atomic swap between Bitcoin and Cardano, demonstrating the growing interoperability between the two networks. In addition, Cardano previously introduced its first Bitcoin DeFi protocol, Cardinal, which makes this possible $BTC holders can bridge and deploy their assets without selling them.
Hoskinson also revealed plans earlier this year to launch a one-click Bitcoin yield system on Cardano before the end of the year. However, the project has not yet provided an update on its progress.
In the meantime, competition in the Bitcoin DeFi sector continues to increase, with rivals such as Flare claiming they are better positioned to lead the race for Bitcoin-based decentralized finance.