Sovryn Launches Bitcoin DeFi Platform Using the RSK Sidechain

Sovryn Launches Bitcoin DeFi Platform Using the RSK Sidechain
фото показано с : btcmanager.com

2020-12-16 22:00

Development of open finance dApps on Bitcoin by projects such as Sovryn proves the RSK protocol is beginning to gain traction.   Decentralized Finance (DeFi) is a multi-billion industry that promises to revolutionize traditional finance.

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finance rsk sovryn bitcoin defi traction gain

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Фото:

Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin

While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers a stablecoin token.

2020-4-22 05:06