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Although Bitcoin is the largest digital asset, it cannot be used in DeFi without first transferring it to a custodian or a bridge. However, custodian failures and bridge hacks have led to over $140Bn in losses.
We will be launching dlcBTC, a non-custodial wrapped Bitcoin, in Feb 2024.
Billions of dollars in Bitcoin capital is waiting to be used in smart contracts for lending, hedging, and trading.