Bitcoin needs to evolve beyond being a store of value and offer more utility to compete in the growing world of cryptocurrency. While Ethereum has the upper hand in terms of DeFi functionalities, developers are working on native solutions built directly on the Bitcoin blockchain to enable lending, yield farming, and other DeFi services. Bitcoin's unparalleled liquidity gives it a competitive advantage, allowing users to engage with Bitcoin DeFi while benefiting from stable prices and reduced risks. However, the current complexities surrounding Bitcoin DeFi inhibit its full potential, and there is a need to build a robust, self-sufficient DeFi ecosystem on Bitcoin's own network.



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