Bitcoin mascoral Solution Botanix is launched that Bitcoin Defi initially appeared in Thestretet.
Bitcoin can rise to new heights of all time, strengthening its place in the world arena as Digital Gold, but now officially starting a new blockchain to unlock new ways to use the “digital” value store for the property.
“We are currently in this interesting space where you have Bitcoin [as] A value store that doesn’t do anything, “Coinage recently told Botanix founder Willem Schroe, stressing that most of the lending Bitcoin is still managing centralized, not the chain lenders.”
Botanix wants to solve this by launching its main set to pair Bitcoin with the Defi world already created by Ethereum. So far, that bridge has been most commonly caught by centralized, institution lenders or onchain custodians, such as Bitgo or others, offering wrapped Bitcoin assets through different circuits.
Historically centralized lenders and centralized liquidity of the throttles have arisen. Centralized Bitcoin lenders Blockfi and Celsius both impulse in 2022. Crypt in winter, which followed the $ 40 billion Terra collapse. Bitcoin lending has gradually returned, but most of the choice transactions usually have higher interest rates than the DEFI can be purchased. Botanix wants users to make it easier to fill that gap by tying the Bitcoin value as digital gold with their Ethereum compatible circuit to allow users to allow Ethereum to Defi.
“You have these two worlds, and I absolutely believe they get closer. That’s what we create,” he said. “The reason is that it will be more permissions, transparent, global, onchain. That’s what we who. “
Other projects such as Stacks and Babylon tried to find their foundation in a similar space in a similar way – offering ways to finally use Bitcoin for holders, just sitting on it. According to Schroe, the lack of programming Bitcoin has distracted the builders, but this is changing quickly.
“There are a lot of people creating a lot of infrastructure. Now we still have to see that it is actually playing, but I think this Bitcoin Layer-2 market in the next four years, just because there is so much liquidity … can go really, really fast,” he says. “
