Bitcoin defi will be possible on layer 2. Lightning network will allow bitcoin defi to become a reality. You will eventually be able to earn interest on Bitcoin.
Stakenet has been stress testing it's lightning swaps with bots lately to see how the lightning network scales. As you can see they are off to a great start.
Within a few years I expect Bitcoin defi to become a real way to earn interest on bitcoin due to layer 2.
Probs before Christmas. Turns out connext is a lot better than raiden and the devs have been testing it for weeks. I hope the closed beta will get to test eth in the coming weeks.
Adrian Flores
Bump sounds interesting, although i think Bitcoin defi is still a long way out. The article you linked is in alpha.
Jace Bennett
Indeed it's still very early, basically a concept atm. However there no denying that within the next few years earning interest on Bitcoin will be possible and im not talking about wrapped bullshit here.
Zachary Wilson
Bump
Alexander Morris
Who cares about the functional purpose of Bitcoin. It's a store of value. Convert it to eth or ADA for Defi.
Colton Taylor
>Convert it to eth or ADA for Defi. Fuck off
Easton Martin
>bitcoin defi KEK
Ian Collins
What's so funny user? Bitcoin DeFi will be a real possibility within a few years.
Nolan Price
What a joke just use ren and stick it on a real platform, this is just embarrassing.
Crypto is a huge space. Quite a few third party developers have come up with various blockchain solutions outside of Bitcoin forks. Why not just use Bitcoin as a store of value and transfer said value to another blockchain instead of using endless layer 2 "solutions?"
William Rodriguez
Just buy Waves its what btc and eth want to be. Fast cheap and secure
Oliver James
Checked
Adam Thompson
Because there is tons of btc maxis who would like to earn interest on btc. Yeah nah.
David Howard
>BSV This is not a joke?
Juan Miller
Bitcoin maximalism and defi are inherently incongruous concepts to me. You would have to explain this to me like 100 times. After a certain point it just makes sense to buy another token.
Cameron Roberts
You can already do it with renBTC but OP is right. Everything we're doing now is probably just a stopgap solution until fast L2 matures.
Christopher Collins
taproot and new updates coming to btc will allow smart contracts on the platform. so you own the wallet and keys to your btc, but you are also able to earn interest on it, among many other functions.
Brody Martin
Bsv is a scam yes.
Andrew Walker
Bitcoin defi is still in the extremely early stages, however once it gets going it will give people another reason to hold bitcoin. Sure for most people they will buy alts to stake/earn interest on but for btc maxis this is something that makes them cum. >renBTC Wrapped bitcoin is not bitcoin, but yeah your other point is correct.
Alexander Jones
What can you tell me about this? More additions for btc should help crypto overall.