DeFi Is Ready for Native BTC. Here’s How
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DeFi Is Ready for Native BTC. Here’s How
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This story was originally published on HackerNoon at: https://hackernoon.com/defi-is-ready-for-native-btc-heres-how.
Wrapped Bitcoin was a workaround. The technology’s ready for native BTC in DeFi money markets. The SODAX SDK is the operational version.
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This story was written by: @sodax. Learn more about this writer by checking @sodax's about page, and for more stories, please visit hackernoon.com.
Wrapped Bitcoin solved an early DeFi problem and racked up a long ledger of bridge incidents in the process. The infrastructure has matured to the point that native Bitcoin can sit inside a money market as collateral, not as a synthetic IOU. SODAX's SDK exposes that path today, with Bound already routing native BTC trades through it and money market support arriving next.