Why is Bitcoin Missing at the DeFi Party?


While DeFi Decentralized exchanges like Uniswap support hundreds of coins, Bitcoin is not one of them. You can’t use Bitcoin as collateral or borrow funds to trade it on any of the DeFi exchanges or platforms.

The fact that all these assets share the basic infrastructure, along with the DeFi applications, has made it easy for them to interoperate through smart contracts on the Ethereum blockchain. The easier way that could happen is if RSK, the Bitcoin smart contract platform, is embraced by many and indeed tokens like those on Ethereum created there.

Read in Full: bitcoinist.com

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