The Cardano ecosystem project AnetaBTC seeks to add cBTC as a collateral asset
The Cardano ecosystem's Bitcoin project, AnetaBTC, posted on platform X stating that the success of the protocol comes from a large influx of Bitcoin into our ecosystem. AnetaBTC's multi-signature Vault has elevated security and decentralization to a new level, which should encourage more Bitcoins to enter the Cardano chain, thereby increasing protocol revenue and then distributing it to cNETA stakers in each epoch. If there are good opportunities, Bitcoin holders will bring their Bitcoins onto the Cardano chain. This means offering cBTC on more Cardano DApps and providing attractive yield opportunities. Their Lenfi proposal will start tomorrow and seek to add cBTC as collateral assets. Their strategy is based on one pillar: a secure and reliable encapsulation environment coupled with ample DeFi opportunities will help achieve the goal of promoting economic freedom for all.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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