BitcoinThe flagship Crypto Asset has long been nicknamed ‘digital gold’ because of its value storage. With a market capitalization of more than 1 trillion, the crypto assets stimulates the price movements of in principle every digital currency in the broader crypto landscape. Nevertheless, many have not succeeded in using his rich potential due to limitations in his smart contract functionality.
This is where BTCFI enters. This phenomenon, also known as Bitcoin -decentralized financing, is a function that Bitcoin wants to transform into an active participant in the Defi Ecosystem. A platform that pushes the BTCFI story is Core Dao. This layer 1 blockchain protocol combines the unparalleled protection of bitcoin with Ethereum Virtual Machine (EVM) compatibility through its innovative Satoshi Plus Consensus mechanism.
The vision of Core Dao is to extend the use of Bitcoin further than retention. The Blockchain platform wants to make Bitcoin the epicenter of Defi -Guse Cases, including loans, trade, bets and more, similar to all other protocols in other chains (Solana, Ethereum, BNB chain, etc.). Since the launch of the Mavet in January 2023, Core Dao has made considerable progress, creating a flourishing defi -ecosystem. According to DefillamaThe total value locked (TVL) on Defi has surpassed the $ 400 million. The most important factors responsible for this increase in the Defi landscape are the protocols that is built on top of the scalable, safe and decentralized ecosystem.
Each of these platforms pushes the BTCFI story in its unique way. In this article we will view the top four protocols that float the vision of Core Dao to make Bitcoin a beacon of Defi tools.
Colend: Reline Bitcoin Lending
Lending is a core function in Defi and Colend is struggling on Core Dao. Clouds is a credit platform with which users can use their Bitcoin interests for loans and loans, while they also earn yield. With Colend, users can protect loans by using $ BTC as collateral or earning yield by lending it. Moreover, this is all done without the needs being needed.
With a TVL of more than $ 100 million, Colend leads the park in the Defi platforms that push the BTCFI story on the layer of 1 blockchain. This wave is supported by its robust but simple infrastructure. The protocol ensures that users are capable of depositing BTC into the non-costodial Core system via the credit pools. Borrowers then have access to these funds by using an alternative collateral, allowing BTC deposits (lenders) to earn rewards in $ core or other tokens.
This mechanism pushes BTC from a passive store or assets to a yield -generating active. That is why Colend is a leader in pushing BTCFI on the Satoshi plus-stewed blockchain. With Colend, users can maximize their bitcoin interests without offering custody or safety. As Bitcoin’s adoption continues to increase, the platform is ready to make many users on board to make the flagship actively work and earn rewards.
Bitflux: Improve Bitcoin -Liquidity
Bitflux Brings Bitcoin -Liquidity to the core -Dao -Ecosystem. With the DEX platform, users can exchange BTC and BTC-based assets with low slippage and fulfill their mission to make Bitcoin transactions more efficient and accessible. In addition, the protocol supports the BTCFI story by ensuring that it is topactive a dynamic and yield-generating tool for users in general.
Bitflux, supported by more than 75% of Bitcoin’s hash -power, uses Bitcoin’s security and offers confidential swaps for its users. Users can easily trade BTC or core docks, offer liquidity on supported Polish and earn rewards. The protocol improves Bitcoin usability by actively integrating it into daily financial transactions.
Perhaps the striking function of the Platform is the Bitcoin-oriented liquidity. In contrast to traditional DEX platforms that give priority to Altcoins, Bitflux BTC places in the center of the stage, allowing Bitcoin enthusiasts to explore Defi with their preferred active. The platform wants to free up the road for more BTCFI acceptance on the core by streamlining liquidity, which shows that Bitcoin can be flexible.
Glyph Exchange: Bridging the gap between Bitcoin and Defi -Ecosystems
Glyph, exchange pushes boundaries on Core Dao with his interoperability options. The DEX is compatible with cross-chain and connects EVM-Liquidity with Bitcoin-based assets. This allows the seamless trade of BRC-20 tokens (Bitcoin’s token Standard), the popular ERC-20 tokens and inscription-based assets such as ordinals.
The protocol uses the protection of Bitcoin via Core Dao’s Satoshi Plus consensus to seamlessly exchange users of assets with low costs and high efficiency. With Glyph, users can trade on BTC-based assets for core or ethereum-based assets and vice versa, which promotes inclusiveness for the wider Bitcoin ecosystem.
The important contribution of the DEX to the BTCFI story is the ability to link Bitcoin to EVM-compatible networks, which extends the usefulness of the active outside its native chain. Because BRC-20 tokens and Bitcoin-Ordinals get a grip, Glyph Exchange will be at the forefront of pushing Bitcoin financing to the wider crypto landscape.
SOLV protocol: Bitcoin deployment
SOLV protocol Brings proof of interest (POS) concept to Bitcoin on the core Dao -Blockchain. With the Bitcoin structure platform, BTC holders can lock their assets in the non-Costodial System of Core and earn core rewards without giving control. In addition, the Cross-Chain protocol offers interoperability, so that the BTC of users can communicate with other block chains.
By combining Core’s Hybrid Consensus – Bitcoin’s Proof of Work with delegated evidence of interest – ensures that Staked BTC promotes network security and at the same time rewards users. This focus on security and rewards is an example of BTCFI ethos to maximize the potential of Bitcoin.
The platform ensures that Bitcoin can participate in the deployment of mechanisms, initially designed to fit altcoins. As the BTCFI story expands, more users will come to SOLV protocol to ensure that their Bitcoin interests can generate passive income.
Core Dao and the BTCFI revolution
Combine the protocols mentioned above to get ahead Core DaoThe vision of BTCFI in their different ways. These platforms support the Bitcoin-released infrastructure of Core with the unlocking of loans, Bitflux-raising liquidity, Glyph-Bridging Ecosystems and Solv pioneers. The most important thing is that Core Dao’s 218 EH/s delegated Hash -Power provides a suitable basis for these protocols to keep innovating in the blockchain industry.
Speaking of the BTCFI revolution, it is not only about adding use cases to Bitcoin, but also about redefining his role in the decentralized financial world. These protocols could prove to be good to push Bitcoin’s large market capitalization in a powerful “capital powerhouse” instead of a sleeping reserve resistant that depends on the general sentiment and global acceptance.
Although the prospect of BTCFI looks tempting for neutral, there remain challenges. The most important Maas in the law will convince conservative bitcoin holders to embrace the story and support the adoption of Defi. In any case, the traction is growing. As mentioned earlier, Core’s TVL and ecosystem growth offers long -term hope for BTCFI revolution.
In the meantime, these four protocols make the future of the Bitcoin ecosystem at work where the flagship activa is not only held, but is also used. For both Bitcoin -Maximalists and Defi enthusiasts, the BTCFI ecosystem is one to look at. However, if and when it ultimately reaches a peakade, will the Bitcoin propel the decentralized border, with many concluding that it is simply a good value of value?
