The founder of Cardano launched the Bitcoin DeFi protocol Cardinal on Cardano.

DailyNews
ADA-6,59%
BTC-2,71%
DEFI0,09%

Golden Finance reports that Cardano founder Charles Hoskinson has launched the first Bitcoin DeFi protocol Cardinal on Cardano. This protocol achieves non-custodial cross-chain through MuSig2 multi-signature technology, allowing users to directly use Bitcoin UTXO to participate in on-chain lending and staking operations on Cardano, while also being compatible with Ordinals inscriptions as collateral. The technical solution includes the BitVMX off-chain verification system and supports interaction with public chains such as Ethereum and Solana.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments