๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ ๐๐ฎ๐๐ป๐ฐ๐ต๐ฒ๐ "๐๐ฎ๐ฟ๐ฑ๐ถ๐ป๐ฎ๐น" โ ๐๐ฟ๐ถ๐ป๐ด๐ถ๐ป๐ด ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ป๐๐ผ ๐๐ฒ๐๐ถ ๐ช๐ถ๐๐ต๐ผ๐๐ ๐๐ฒ๐ป๐๐ฟ๐ฎ๐น๐ถ๐๐ฒ๐ฑ ๐ฅ๐ถ๐๐ธ
Cardano founder Charles Hoskinson has introduced a new protocol called Cardinal โ and it's a game changer.
๐ It allows people to use Bitcoin inside Cardanoโs DeFi, safely and without giving control to any centralized company.
๐ก What Does Cardinal Do?
With Cardinal, you can:
โ Borrow, lend, or stake Bitcoin
โ Even use Ordinals as collateral
โ Keep full control โ no middlemen
Instead of sending your BTC to a company, Cardinal uses advanced tech like Bitcoin multisig, Cardano smart contracts, and BitVMX to lock BTC securely and create a โwrappedโ version on Cardano.
You can get your BTC back anytime โ no trust needed.
๐ โNo rehypothecation. No compromise.โ โ IOHK CTO, Romain Pellerin
๐ Why This Matters
๐ก๏ธ Most BTC DeFi today needs custodians (companies who hold your funds).
โ ๏ธ That creates risk โ and many have failed in the past.
Cardinal changes that by giving you full control. It's a trustless bridge between Bitcoin and Cardano โ bringing BTC's value into DeFi without giving up its security.
๐ ADA Price & Whatโs Next
Cardanoโs token ADA is trading around $0.70, down 15% this month. But this new launch could boost interest as Cardano now connects with the biggest crypto asset: Bitcoin.
With Cardinal, Cardano steps into the multi-chain race โ offering secure, low-fee DeFi powered by real BTC.
๐ฅ This could be a big step forward for both Bitcoin and Cardano in the DeFi world.
