BItlayer

@FolksFinance and @BitlayerLabs 's latest collaboration is mainly reflected in the construction of cross-chain and cross-ecosystem DeFi financial scenarios. Folks Finance provides multi-chain lending technology and liquidity support, while Bitlayer Labs introduces programmable Layer 2 capabilities and cross-chain bridging for Bitcoin. The collaboration enhances the liquidity and usability of Bitcoin assets in DeFi, achieving seamless interaction between Bitcoin and major DeFi chains like Ethereum, and promoting the ecological closed loop of the BTCFi track.

• In the DeFi field, through Folks Finance's cross-chain technology and lending protocols, seamless flow and interoperability of multi-chain assets have been realized, addressing the liquidity fragmentation and cross-chain friction issues faced by traditional DeFi.
• Bitcoin, through Bitlayer Labs' Layer 2 solutions, gains stronger programmability and cross-chain bridging capabilities, empowering Bitcoin assets to participate directly in a broader DeFi ecosystem, rather than being limited to a single store of value function.
• This collaboration greatly enhances user freedom and convenience in financial activities such as cross-chain lending and asset management, reducing operational complexity and risk while improving security performance.
• More importantly, it marks the cryptocurrency space's move towards a more open, collaborative, and efficient cross-chain financial ecosystem by 2025, bringing users richer financial products and innovative use cases.

#Bitlayer