Is DeFi really gonna accelerate BTC adoption?

bumojasper said:

the likes of Babylon

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alurosu said:

It's funny how people say this is a BTC project and forget to mention it is based on Cosmos (ATOM chain)

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bumojasper said:

With the birth of BTCfi on the CORE network where bitcoin hash are delegated to enhance security, BTC staking became possible. Expectedly, many followed suit bringing in the likes of Babylon, Solv, pStake etc. Just last month, the Babylon mainnet launched and has already filled 2 staking Caps with a more affordable UTXO. Reports have it that this has attracted lots of individual and institutional stakers considering how quickly the caps are filled (blocks requirement are also considered though).

Is it possible to go a step further? I believe "yes" and that can be enhanced by introducing Bitcoin-compatible launchpad like OGLong protocol where buidlers and devs can easily access funds for bitcoin dApps which could impact the adoption curve.

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Liqu1d said:

I think DeFi is still way to complicated for the avarage Joe, that’s why you’re reading all the time that people are either losing their seed phrases or getting parted with this funds in other ways.

For most institutional investors and older generations I think ETFs are a way more conventional way of dabbling into BTC (and other cryptocurrencies in general down the road).

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Stav Aharon said:

DeFi integrating with BTC, like BTCfi and staking on networks like CORE, definitely has potential to boost adoption. If launchpads like OGLong can fund bitcoin dApps, it could push the ecosystem further and accelerate the curve

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