The founder of Cardano, Charles Hoskinson, has announced a significant update regarding the role of Input Output Global (IOG) in developing the decentralized finance (DeFi) ecosystem around Bitcoin. Hoskinson plans for a Bitcoin DeFi roadmap to be implemented by IOG in 2025 and aims to have a meaningful Bitcoin 2025 demo by May of that year. He will be partnering with Fair Gate Labs to achieve these goals, and the partnership will extend to community projects and wallets. Although there is no specific timeline for a minimum viable product, Hoskinson remains optimistic about the opportunities ahead and wants to awaken the potential of Bitcoin. This update follows Cardano's recent partnership with BitcoinOS Bridge to prioritize DeFi.



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