🚀 Cardano Launches Cardinal to Connect Bitcoin with DeFi
Cardano just announced Cardinal, a revolutionary protocol designed to bridge Bitcoin with the DeFi ecosystem — directly on the Cardano network.
🔗 With Cardinal, BTC holders will gain access to staking, lending, and yield opportunities in DeFi — without compromising on security.
💡 Built using Bitcoin HTLCs and Cardano smart contracts, Cardinal removes intermediaries and relies on multi-signature MuSig2 security, creating trustless wrapped Bitcoin assets on-chain.
📦 These wrapped assets (like tokens or NFTs) maintain 1:1 parity with BTC, can be verified on-chain, and are burned to release underlying value — ensuring transparency and provenance.
⚠️ The protocol is still in its early phase, but version 1.0 will bring major improvements. One ordinal Bitcoin has already been encapsulated and successfully released between Bitcoin and Cardano mainnets — a key milestone for cross-chain interoperability.
✅️ Cardinal arrives at a time of growing distrust in centralized platforms. With lower fees and auditable contracts, Cardano aims to stand out as a decentralized and secure alternative — challenging Ethereum's dominance.
📉 Although ADA has dropped ~16% over the last month, many believe Cardinal could reverse the downtrend, especially with the $0.66 zone acting as strong support.
#Cardano #DeFiNews #BitcoinBridge #CryptoInteroperability #Write2Earn
