🔥 This is a roundtable discussion themed "Why Build Bitcoin DeFi on ICP," where the founders of the largest DeFi projects in the Bitcoin ecosystem share their thoughts for over 40 minutes. 🤔 After sorting through a transcript of over 10,000 words, I distilled 【3】 major unbeatable advantages (this article is purely hand-typed, no AI): /// 1️⃣ ICP empowers Bitcoin with smart contract capabilities, primarily because ICP, as a mature public chain, possesses the most outstanding and mature threshold signature technology. 🔸🔸🔸 The biggest application scenario of threshold signature technology in Bitcoin DeFi is that it allows smart contracts on ICP to directly sign transactions on the BTC chain. Since ICP is an efficient and mature decentralized public chain, this enables Bitcoin DeFi developed on ICP to achieve "truly decentralized" smart contract capabilities. 🔸🔸🔸 Based on threshold signatures, the "DPS - Decentralized PSBT Signing" technical architecture can be realized,...
💡 The most impressive technology is the one that users feel doesn't exist.
——@BobBodily, CEO @Odin_GodOfRunes
💡 The interoperability between Bitcoin and DeFi will occur simultaneously on Layer 1 and Layer 2.
——@louisliubj, Founder @OmnityNetwork
💡 90% of Liquidium's users spontaneously switched from pure Bitcoin solutions to ICP-enhanced solutions within weeks.
——@robin_liquidium, Co-founder @LiquidiumFdn
💡 First, choosing to be in the 【Bitcoin ecosystem】 is the most important, and then REE is the best solution I have seen for building Bitcoin DeFi so far.
——@BitcoinerRay, Founder @tyche_run
🔥 This roundtable discussion gathers insights from the hottest and most powerful project founders in the Bitcoin DeFi space. Want to know why they all chose ICP as the expansion layer for BTC?
There's a lot of information, so it's recommended to watch the video in full.
Additionally, for developers, having all the key information about Bitcoin DeFi on hand is a must.
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