DeFi and stablecoins are coming to the Bitcoin ecosystem

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The Block2024/07/11 13:55

By:The Block

Quick Take Botanix Labs founder Willem Schroé shares how a full ecosystem of DeFi applications could soon be coming to Bitcoin.

Episode 43 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Botanix Founder Willem Schroé.

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Willem Schroé is the founder of Botanix Labs — a development team building an EVM-compatible Layer 2 on Bitcoin that allows users to deploy Ethereum smart contracts on the Bitcoin network.

In this episode, Schroé discusses the development of Bitcoin Layer 2s and the potential for Bitcoin-native ecosystems to become major platforms for decentralized finance (DeFi) applications.

OUTLINE
00:00 Introduction
02:45 Bitcoin L2 Landscape
08:48 Improving Bitcoin L2s
12:16 Bitcoin Applications
15:07 The Future of BitcoinFi
16:18 The Future of Ethereum
17:24 Bitcoin L2 Attack
18:36 Bitcoin L2 User Profile
21:00 Bitcoin RWAs
23:53 Closing Thoughts

This episode is brought to you by our sponsor Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. To discover more head to polkadot.network

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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