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DeFi on Bitcoin Network : Bitcoin

DeFi has been in the spotlight in recent months, with several DeFi projects gaining traction and their tokens soaring in prices have attracted a lot more attention.

I’m just wondering, with over USD10billion locked in DeFi protocols, I’m wondering would DeFi built on Bitcoin Network be a more feasible prospect? Where Stacks protocol brings smart contract capabilities(Clarity language) to Bitcoin network, which allows developers to build applications ontop of Bitcoin network.

Given the Bitcoin Network is the most secure blockchain protocol out there, that have stood the test of time, with no security compromises on the Bitcoin network itself. Thus I’m wondering if the industry have considered building DeFi on the bitcoin network? Would like to hear everyone’s thoughts !

https://ethan-tan.com/defi-on-the-bitcoin-network


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