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TechFlow, June 10 — According to Cryptotimes, Cardano founder Charles Hoskinson has launched a Bitcoin decentralized finance solution called Cardinal Protocol. This is reportedly the first time Bitcoin can perform DeFi operations on Cardano without relying on third-party custodians. The protocol enables users to earn DeFi yields from any Bitcoin UTXO. Users can now lend, stake, or provide liquidity for Bitcoin on Cardano.
According to Cryptotimes, Cardano founder Charles Hoskinson has launched a Bitcoin decentralized finance solution called Cardinal Protocol. This reportedly enables Bitcoin's first-ever DeFi operations on Cardano without relying on third-party custodians. The protocol allows users to earn DeFi yields using any Bitcoin UTXO. Users can now lend, borrow, stake, or conduct liquidity mining with Bitcoin on Cardano.
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