What is btcfi?
Comprehensive information about btcfi and its ecosystem
About the Project
BTCFi involves using Bitcoin's network or secondary layers to run decentralized financial applications, essentially unlocking Ethereum-like DeFi capabilities for Bitcoin. Traditionally, Bitcoin was seen purely as a store of value or for simple payments, while other blockchains led DeFi development. Key applications include: - Lending and Borrowing: Users can lend BTC and earn interest or use it as collateral - Yield Farming and Liquidity Provision: Depositing tokens into pools to earn passive income
Category & Classification
Category:
DeFi
Tags:
Bitcoin
DeFi
Blockchain
Cryptocurrency