Search results for Rootstock
Crypto
Charles Hoskinson says no dominant player in Bitcoin DeFi, sees opening for Cardano
Charles Hoskinson has pointed to Bitcoin DeFi (BTCFi) as a key growth area where Cardano can gain an early lead. He said no project currently dominates the competition and argued Cardano already has the right technology and a head start. The focus in BTCFi is bringing Bitcoin liquidity into DeFi while reducing reliance on centralised custodians and weak bridge designs. He also cited Cardano’s Midnight partner chain and recent atomic swap progress.
Crypto
Solv Protocol ends LayerZero support, selects Chainlink CCIP for bridge infrastructure
Solv Protocol, a Bitcoin-focused DeFi project, is switching its cross-chain infrastructure from LayerZero to Chainlink. The project is phasing out LayerZero support for SolvBTC and xSolvBTC on Corn, Berachain, Rootstock and TAC, and has selected Chainlink CCIP as its official cross-chain infrastructure. Solv said it reviewed its existing bridge after recent security incidents and concluded CCIP offers the strongest security through reinforced architecture, risk controls and pre-monitoring.
Crypto
Animoca Brands Japan teams up with RootstockLabs to expand bitcoin DeFi for Japanese companies
Animoca Brands Japan is partnering with RootstockLabs, which develops the Rootstock bitcoin sidechain, to provide bitcoin-based decentralised finance solutions to Japanese companies and institutions, Cointelegraph reported on Jan. 27. The partnership aims to localise Rootstock’s institutional programme for the Japanese market and support companies in including bitcoin in their asset strategies. The collaboration also enables firms to use on-chain financial tools using bitcoin.