The article discusses the rise of Bitcoin Decentralized Finance (BTCFi) and its potential to transform Bitcoin into an active participant in the DeFi ecosystem. It highlights a few protocols on the Core DAO blockchain that are driving Core DAO's vision for BTCFi.

The first mentioned protocol is Colend, a lending platform that allows users to leverage their Bitcoin holdings for lending and borrowing assets, earning yield, and securing loans without intermediaries. Colend has a TVL of over $100M.

Bitflux, another protocol, brings Bitcoin liquidity into the Core DAO ecosystem as a decentralized exchange (DEX) platform. It enables users to swap BTC and BTC-based assets with low-slippage and supports trustless swaps.

Glyph Exchange is a cross-chain compatible DEX that connects EVM liquidity with Bitcoin-based assets. It facilitates the seamless trading of various tokens and inscription-based assets on Core DAO.

Solv Protocol allows BTC holders to stake their assets on the Core DAO blockchain and earn CORE rewards without relinquishing control. It also offers cross-chain interoperability.

These protocols aim to expand the utility and usage of Bitcoin by tapping into the DeFi ecosystem. While challenges remain in convincing conservative Bitcoin holders to embrace BTCFi, the traction for the BTCFi revolution is growing.



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