FluidTokens has announced that the first BTC-ADA bridge is in its final development phase, marking a significant milestone for Cardano’s DeFi ecosystem. The bridge, developed in collaboration with BIFROST, is finalizing its GitHub documentation, indicating readiness for public release. This bridge will enable cross-chain liquidity between Bitcoin and Cardano, allowing Bitcoin to interact with Cardano’s smart contract infrastructure.
This BTC-ADA bridge aims to integrate Bitcoin’s liquidity into Cardano, facilitating BTC-backed DeFi applications. Cardano’s efforts to lead in Bitcoin DeFi are supported by initiatives like the launch of Cardinal, its first Bitcoin DeFi protocol, and partnerships with entities like EMURGO and BitcoinOS. These moves are part of a broader strategy to expand Bitcoin’s functionality within Cardano’s ecosystem, potentially surpassing Ethereum’s market cap in the DeFi space.
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